Leased Car
For Sale
Contact for pricing
10550 Biscayne Boulevard, Miami, FL 33138
The property includes a substantial site and building under a long-term NNN lease.
Property Size8,555 SF
Lot Size1.18 Acres
Price / SF$962.75
Days on Market14
Property Features for 10550 Biscayne Boulevard
General Information
Standard status
Active
Size
8,555 SF
Lot size
1.18 Acres
Property subtype
Special Purpose
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Oct 5 at 5:43PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The car wash occupies approximately 8,555 rentable square feet within a 1.18-acre parcel. The property is leased under a Triple Net (NNN) agreement that began on December 19, 2021, with a 20.04-year term.
Located at 10550 Biscayne Boulevard in Miami, the property is identified as a Mammoth Car Wash.
Located at 10550 Biscayne Boulevard in Miami, the property is identified as a Mammoth Car Wash.
Key Highlights
- 8,555 rentable square feet of building space
- 1.18‑acre parcel
- 20.04‑year NNN lease commenced 12/19/2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$404,228
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,084,560
$8.1M
Cap Rate 7%
$5,774,686
$5.8M
Cap Rate 9%
$4,491,422
$4.5M
Market Conditions
NOI Build-Up for 8,555 SF
Gross rent
$547.2K $63.96/SF
− Vacancy
−$8.2K −$0.96/SF
EGI
$539.0K $63.00/SF
− OpEx
−$134.7K −$15.75/SF
NOI
$404.2K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,084,560
Cap Rate 7%
$5,774,686
Cap Rate 9%
$4,491,422
Alternative Uses
Best Use
Specialty Retail
$5.77M
$5.05M – $6.74M
NOI $404,228 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$3.99M
$3.49M – $4.65M
NOI $279,113 @ 7.0% cap · market cap 3.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - The property includes a substantial site and building under a long-term NNN lease.
Where is this car wash located?
The property is located at 10550 Biscayne Boulevard Miami, FL.
What is the asking price?
The asking price for this property is $8,236,295.
What are key features of this property?
This property features: 8,555 rentable square feet of building space; 1.18‑acre parcel; 20.04‑year NNN lease commenced 12/19/2021
