854 N Krome Ave, Homestead - $2,365,000

Usage

Community Shopping Center

Address:

854 N Krome Ave
Homestead
FL 33030

Property Size:15,159 sq ft
Acreage:0.89
Year Built:1973
Property Class:B3
Latitude:25.478
Longitude:-80.478

For Sale/Lease - 854 N Krome Ave, $2,365,000

HOMESTEAD SHOPPING CENTER FOR SALE.

19 UNIT RETAIL STRIP CENTER ON BUSY KROME AVENUE WITH SOLID INCOME. ELEVEN OF THE TENANTS ARE ON THEIR 5TH YEAR OR MORE. 15,159 SQUARE FEET OF BUILDING AREA ON A 38,636 SQUARE FOOT LOT. GREATLY LOCATED A BLOCK FROM CAMPBELL AVENUE ON KROME AVENUE, CLOSE PROXIMITY TO HOSPITALS AND CITY HALL. FINANCIALS AVAILABLE. 150 FEET ALONG KROME AVE AND 270 FEET ALONG 9TH STREET. GREAT VISIBILITY AND ACCESS.

Zoning63/COMME
NOI Estimate
Lot Frontage
MLS NumberA1895235
Verified10/02/2014 01:50am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 13461094

Please quote reference number: 13461094 when you call or email


Listing provided by The Keyes Company. Copyright 2014 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

Estimated Value: 854 N Krome Ave

Market Data

In 2013 class A community shopping center properties in Homestead sold for $33.76 to 33.76 per sq ft with a median price per sq ft of $33.76. Class B properties sold for $33.77 to 33.75 per sq ft with a median of $33.76 and class C properties sold for $33.76 to 33.76 per sq ft with a median of $33.76.

Market Valuation

854 N Krome Ave appears to be a B Class property. Suggested value: $511,768

HighMedianLow
Value511,616 511,768 511,919

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $2,598,143. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 854 N Krome Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent17,307
Annual Rent per Sq Ft13.70
Gross Annual Rent207,678
Vacancies and Bad Debt7%
Vacancies and Bad Debt Amount14,953
Maintenance568
HOA, Utilities and CAM0
Property Taxes1,520
Insurance1,059
Management Fees7,709
NOI181,870
Cap Rate7
Estimated Value2,598,143
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Miami Dade County, Florida
[Property Appraiser] [Tax Record]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $47,500. The bottom 10% of the population earn less than $12,472 per year. The top 10% earn more than $125,763 per year. The top 1% earn more than $358,803 per year. Most renters earn between $21,732 (20th percentile) and $45,408 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $992. Most renters earn between $1,811 and $3,784 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $621 (20th percentile) to $1,456 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 854 N Krome Ave, Homestead, FL on Google Maps
  2. Homestead, FL Property Values on Trulia
  3. Demographic Data for Zipcode 33030 from City-Data.com
  4. Homestead Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 33030 Zipcode

Owner Details

Companies near this Address

  1. Aziz Petroleum, Inc. (770 N Krom Ave)
  2. Royal Palm Shopping Center, Inc. (806 North Krome Ave)
  3. M.G. & F. Properties, Inc. (806 North Krome Ave)
  4. My Pharmacy Of Homestead, Inc. (806 N Krome Ave)
  5. De Todos Tortillas Inc. (820 N Krome Ave)
  6. Juranbodi, LLC (830 N Krome Ave)
  7. Medical Center Of Homestead Pa (830 N Krome Ave)
  8. Jss Medical Inc. (830 N Krome Ave)
  9. Homestead Medical Research, Inc. (830 N Krome Ave)
  10. Royal Beauty Shop, Corp (822 N Krome Ave)
  11. Bhairavi, Inc. (841 N Krome Ave)
  12. South Florida Pioneer Museum, Inc. (830 No Krome Ave)
  13. La Poderosa Cuban Cafe, Inc (858 N Krome Ave)
  14. Fritanga El Sabor Nica, Inc. (858 N Krome Ave)
  15. Vicanza, LLC (856 N Krome Ave)
  16. Vicanza Enterprises, Inc. (856 N Krome Ave)
  17. Sarai Fashion, Inc. (866 N Krome Ave)
  18. Premier Cleaning And Janitorial Services Inc (862 North Krome Ave)
  19. A Tu Servicio, Inc. (874 N Krome Ave)
  20. Cecy'S Full Service Salon, Inc. (864 N Krome Ave)
  21. Durango Party Time Inc. (860 N Krome Ave)
  22. Mayamex Linda LLC (886 N Krome Ave)
  23. La Piedra Bar And Lounge, LLC (38 Ne 9th St)
  24. Mega Dollar Homestead, Inc. (911 N Krome Ave)
  25. Just Kids Preschool & Academy LLC (906 N Krome Ave)
  26. Ct & Casey Properties, Inc. (922 N Krome Ave)
  27. Advanced Research Institute Of Miami, LLC (922 Krome Ave)
  28. Dionana Link Inc. (925 N Krome Ave Apt 14)
  29. Richard S. Glosser, M.D., P.A. (941 N Krome Ave)
  30. Vazglo Medical Corp. (941 N Krome Ave)
  31. University Health Care Homestead, Inc. (957 N Krome Ave)
  32. Jsdc L.L.C. (930 N Krome Ave)
  33. Eddunio Gomez, M.D., P.A. (17 Ne 9th Ct)
  34. Byg Dental Corp (963 North Krome Ave)
  35. H & N Wellness Solutions, LLC (950 N Krome Ave)
  36. Amc Pain Management & Rehabilitation Inc. (950 N Krome Ave)
  37. Fresh Start Family Services, Inc. (969 N Krome Ave)
  38. Charles A. Augustus, Ii, M.D., P.A. (950 N Krome Avenue # 403)
  39. Homestead Rehabilitation Center, Corp. (950 N Krome Ave)
  40. O & S Medical Inc (950 N Krome Ave)
  41. Me Consulting Center, Inc. (950 N Krome Ave)
  42. Attention Behavior Cognitive Therapy Clinic, LLC (45 Nw 8th St)
  43. Center 1 Solutions, LLC (45 Nw 8th St)
  44. Black And Latino Speech Language Pathologist And Audiologist Of Florida, Inc. (45 Nw 8th St)
  45. Lydia Reid M.A. Ccc-Slpd, P.A. (45 Nw 8th St)
  46. Bargain Supermarket Corporation (40 Nw 8th St)
  47. Assad O. Mojtabaee, M.D., P.A. (45 Nw 8th St)
  48. Ramon A. Guevara, D.O., P.A. (45 Nw 8th St)
  49. Ddd Pediatrics, Pa (45 Nw 8th St)
  50. Devonear, Inc. (45 Nw 8th St)
  51. All Family Care , Inc. (38 Nw 8 Street)
  52. F. Javier Azar, Dds, Mph, P.A. (45 Nw 8th St)
  53. 1 On 1 Reliable Credit Repair Inc (21 Nw 8 Street)
  54. Cienfuegos Clothing Store Corporation (21 Nw 8th St)
  55. Homestead Urgent Care, LLC (909 N Krome Ave)
  56. Homestead Family Medical Center, LLC (909 N Krome Ave)
  57. Sonia Talarico, D.O.M.P.H., LLC (909 N Krome Ave)
  58. Byg Dental Investments LLC (930 N Krome Ave)
  59. Dental Training Center Of Miami Corp (930 N Krome Ave)
  60. Boost Booth, L.L.C. (948 N Krome Ave)
  61. South Florida Eyecare Center, LLC (948 N Krome Ave)
  62. Jose A. Cobiella, M.D., P.A. (950 North Krome Ave)
  63. Now & Ahora Solutions, LLC (950 North Krome Ave)
  64. Panacea, Inc. (944 N Krome Ave)
  65. Mercedes J. Vazquez, M.D., P.A. (950 N Krome Ave Ste 203)
  66. Horizon Home Health Care Inc, (950 N Krome Ave)
  67. Dr. Lidia M Paz Dds Pa (950 North Krome Ave)
  68. Krome Food Store #1 Inc (770 N Krome Ave)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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MLS Data

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.