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Flagler Square 131 S Flagler Ave 17,908 SF 100% Leased Retail Building Homestead, FL 33030 $4,000,000 ($223.36/SF) 5.06% Cap Rate
Investment Highlights
- Highly visible corner of Krome Avenue and Flagler
- Potential for development
Executive Summary
The offering includes four (4) parcels (Folios: 10-7918-008-0010, 10-7918-008-0030, 10-7918-008-0060, and 10-7918-008-0070) and features an existing shopping center, a detached medical office building, and additional vacant land for future development.
The property is currently zoned highly desirable B-3. The existing structures have been renovated and brought up to code, including installation of new roofs.
Current in-place income totals $20,786 per month with 10 tenants all on one year lease expiring Dec 31st 2026.
The City will permit construction of a new building up to six (6) stories in height, providing significant upside and long-term redevelopment potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$248,435
|
$13.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$248,435
|
$13.87
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $248,435 |
| Annual Per SF | $13.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $248,435 |
| Annual Per SF | $13.87 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
They are a company dedicated to designing beautiful Natural or Preserved Flower Arrangements, elegant Bouquets, Gifts and custom Balloons. At Anthea Floral Design customers will find a fresh, unique and exclusive style. They work with the best Ecuadorian and Colombian flower and rose suppliers. They are in Miami, Florida.
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- Retailer
- -
- -
- -
At A OK Fish Market they dedicate themselves to fresh local fish. They have been in the business for more than 15 years in whole selling to other fish markets and restaurants. they have fish coming in everyday, not just fish but also lobster, crabs, shrimp and more.
Local small business gun shop in Homestead, Florida founded in 2009.
Local health-focused eatery located in Homestead, Florida founded in 2022.
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- Retailer
- -
- -
- -
They are currently offering to the market a large variety of electric bicycles. From entry-level basic bikes to the top of the line e-performance models, their electric bikes use the latest technology available with the best warranty. They provide different styles, including commuter, Mountain e-bikes, comfort and cruiser styling with the idea of satisfying everyone's needs.
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- Manufacturing
- -
- -
- -
Local print shop in Homestead, Florida founded in 2023.
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- Accommodation and Food Services
- -
- -
- -
Established in 2013, Yardie Spice offers quality authentic Jamaican & Haitian food in Homestead, FL. With its rich, spicy stews and diversity of flavors, Yardie Spice surely qualifies as one of the best Jamaican restaurants in town. Their food is well flavored with a mixture of different spices and herbs, not extremely spicy in heat, but rather very well seasoned. Throughout these couple of years they have proven that their food is one of a kind among all for its outstanding Jamaican and Haitian cuisine, excellent service and friendly staff. Yardie Spice is known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - | ||
|
|
Retailer | - | - | - | ||
| Arsenal Arms Inc | Retailer | - | - | - | ||
| Cozy Greens & More | Accommodation and Food Services | - | - | - | ||
|
|
Retailer | - | - | - | ||
|
|
Manufacturing | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-7918-008-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,017,999 |
Property Taxes
Presented by
Flagler Square | 131 S Flagler Ave
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