Renovated Grocery and Convenience
For Sale
$750,000
Top of The Line Fish & Seafood Market With Distribution in Miami, Miami, FL 33186
Business Opportunity, Miami, FL
Property Size3,667 SF
Price / SF$204.53
Days on Market76
Property Features for Top of The Line Fish & Seafood Market With Distribution in Miami
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6200 COMMERCIAL - AR
Subdivision
59
Standard status
Active
APN
30-59-01-029-0020
Taxes and HOA fees
Tax Description
BERKELY PLAZA PB 120-22 TR B LESS BEG NE COR OF TR B TH S 85 DEG W195.96FT S 04 DEG E 16.80FT N 85 DEG E195.96FT N 04 DEG W16.80FT TO POB FO
Legal Description
BERKELY PLAZA PB 120-22 TR B LESS BEG NE COR OF TR B TH S 85 DEG W195.96FT S 04 DEG E 16.80FT N 85 DEG E195.96FT N 04 DEG W16.80FT TO POB FO
Amenities
walk-in freezers
ice-filled cooler
bathrooms
office space
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Antonio Cristobal · License #3253230
(786) 457-3211
Added: Jun 10
Changed: Aug 19
Last Checked: Aug 24 at 9:06PM
MLS# A11613608
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This seafood-focused grocery and convenience business occupies 3,667 square feet and has been extensively remodeled. The operation includes two walk-in freezers, an ice-filled cooler for daily product displays, dedicated office space, and two bathrooms. Product offerings include seafood and premium red meat selections, while customer and staff parking is provided on site.
The business includes social media accounts with around 100k followers, along with a delivery and ordering application. The lease has 7 years remaining, supporting continued operation from the existing Miami location.
The business includes social media accounts with around 100k followers, along with a delivery and ordering application. The lease has 7 years remaining, supporting continued operation from the existing Miami location.
Key Highlights
- 3,667‑square‑foot seafood‑focused grocery and convenience business
- Two walk‑in freezers plus an ice‑filled cooler
- Includes dedicated office space and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,196,440
$1.2M
Cap Rate 7%
$854,600
$854.6K
Cap Rate 9%
$664,689
$664.7K
Market Conditions
NOI Build-Up for 3,667 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.9K $20.16/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$70.4K $19.19/SF
− OpEx
−$10.6K −$2.88/SF
NOI
$59.8K $16.31/SF
Area
ZIP 33186
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,196,440
Cap Rate 7%
$854,600
Cap Rate 9%
$664,689
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,039 @ 7.0% cap · market cap 12.81%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,280 @ 7.0% cap · market cap 11.77%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,172 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,051
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Seafood-focused retail business with cold-storage equipment, office space, customer parking, and an established digital ordering platform.
Where is this grocery and convenience store located?
The property is located at Top of The Line Fish & Seafood Market With Distribution in Miami Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,667‑square‑foot seafood‑focused grocery and convenience business; Two walk‑in freezers plus an ice‑filled cooler; Includes dedicated office space and two bathrooms
