854 N Krome Ave, Homestead

854 N Krome Ave is a 15,159 sq ft Community Shopping Center in Homestead. It was built in 1973. 854 N Krome Ave sits on 0.89 acres of land. In 2014 similar properties sold for between $1,927,618 and $4,839,511. We estimate the income value of 854 N Krome Ave at $3,211,171. The assumptions we used to calculate this value are include in the spreadsheet linked below. Homestead is in Miami Dade County, Florida.

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854 N Krome Ave Property Summary

854 N Krome Ave
Homestead
FL 33030

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

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 854 N Krome Ave, Homestead, FL 33030
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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 854 N Krome Ave

Market Data

In 2014 class A community shopping center properties in Homestead sold for $319.26 to 980.14 per sq ft with a median price per sq ft of $424.15. Class B properties sold for $127.16 to 319.25 per sq ft with a median of $201.39 and class C properties sold for $17.10 to 127.15 per sq ft with a median of $103.15.

Market Valuation

854 N Krome Ave appears to be a B Class property. Suggested value: $3,052,871

HighMedianLow
Value4,839,511 3,052,871 1,927,618

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $3,211,171. 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 Rent23,610
Annual Rent per Sq Ft18.69
Gross Annual Rent283,322
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount42,498
Maintenance1,182
HOA, Utilities and CAM0
Property Taxes3,021
Insurance2,206
Management Fees9,633
NOI224,782
Cap Rate7
Estimated Value3,211,171
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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 $49,896. The bottom 10% of the population earn less than $13,334 per year. The top 10% earn more than $134,666 per year. The top 1% earn more than $421,000 per year. Most renters earn between $23,904 (20th percentile) and $48,444 (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 $1,029. Most renters earn between $1,992 and $4,037 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $638 (20th percentile) to $1,475 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 854 N Krome Ave, Homestead, FL on Google Maps
  2. 854 N Krome Ave Walkscore
  3. Homestead, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

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