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Krome Plaza GOLDMINE~24 UNITS ~ NNN ~ 9% CAP 854 N Krome Ave 15,159 SF 100% Leased Retail Building Homestead, FL 33030 $10,000,000 ($659.67/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Krome Plaza GOLDMINE~24 UNITS ~ NNN ~ 9% CAP
EXECUTIVE SUMMARY
ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 9% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! PLEASE call or text Steven 305-900-7521 with questions. ON & Property Brochure in Documents. #goldmine
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$935,859
|
$61.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$935,859
|
$61.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$148,539
|
$9.80
|
| Net Operating Income |
$787,320
|
$51.94
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $935,859 |
| Annual Per SF | $61.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $935,859 |
| Annual Per SF | $61.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $148,539 |
| Annual Per SF | $9.80 |
| Net Operating Income | |
|---|---|
| Annual | $787,320 |
| Annual Per SF | $51.94 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
15,159 SF
Building Class
C
Year Built/Renovated
1973/2015
Price
$10,000,000
Price Per SF
$659.67
Cap Rate
8%
NOI
$800,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.89 AC
Zoning
B-1
Parking
43 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
149’ on Krome Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Tienda Guatemala Corp
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Tienda Guatemala Corp | Public Administration | - | - | - |
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-7812-004-0060 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $1,996,500 (2025) |
PROPERTY TAXES
Parcel Number
10-7812-004-0060
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,996,500 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
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STREET VIEW
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Krome Plaza GOLDMINE~24 UNITS ~ NNN ~ 9% CAP | 854 N Krome Ave
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