Manufacturing Property with
New
For Sale
$1,450,000
0000 NW 77 Avenue, Miami, FL 33166
Operating outdoor kitchen design and manufacturing business includes a public-facing showroom, equipment, vehicles, and two warehouse leases.
Property Size7,000 SF
Days on Market5
Property Features for 0000 NW 77 Avenue
General Information
Standard status
Active
Size
7,000 SF
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Building Details
Building Size
7,000 SF
Listing Agency:
Douglas Elliman
Listed By:
Miguel J Solis · License #0624178
(305) 343-9554
Source:
Silverleafrealtygroup
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
An outdoor kitchen design and manufacturing company operating in the Miami-Dade market is offered with its book of business, inventory, machinery, trucks and vans, and a built-out showroom. The business has operated since early 2000 and employs 12 people. The transaction also includes leases on two warehouses.
The company serves customers across Miami-Dade and surrounding areas, with access to major transportation corridors. Its customer base includes contractors, designers, builders, and homeowners.
The company serves customers across Miami-Dade and surrounding areas, with access to major transportation corridors. Its customer base includes contractors, designers, builders, and homeowners.
Key Highlights
- Outdoor kitchen design and manufacturing business operating since early 2000
- 12 employees
- Includes leases on 2 warehouses
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
$114,194
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
7.88%
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%
$2,283,880
$2.3M
Cap Rate 7%
$1,631,343
$1.6M
Cap Rate 9%
$1,268,822
$1.3M
Market Conditions
NOI Build-Up for 7,000 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
$141.1K $20.16/SF
− Vacancy
−$6.8K −$0.97/SF
EGI
$134.3K $19.19/SF
− OpEx
−$20.2K −$2.88/SF
NOI
$114.2K $16.31/SF
Area
Miami, FL
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%
$2,283,880
Cap Rate 7%
$1,631,343
Cap Rate 9%
$1,268,822
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,194 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,042 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$4.73M
$4.13M – $5.51M
NOI $330,753 @ 7.0% cap · market cap 22.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Operating outdoor kitchen design and manufacturing business includes a public-facing showroom, equipment, vehicles, and two warehouse leases.
Where is this manufacturing property located?
The property is located at 0000 NW 77 Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Outdoor kitchen design and manufacturing business operating since early 2000; 12 employees; Includes leases on 2 warehouses
