Established Supermarket Business
7601 E Treasure Dr CU-18 North Bay Village, FL 33141
For Sale
$1,600,000
Commercial premises with established business since 1993.
Property Size2,676 SF
Price / SF$597.91
Days on Market544
Property Features for 7601 E Treasure Dr CU-18
General Information
Standard status
Active
Size
2,676 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1987
Listing Agency:
Alternative Realty Group, LLC
(305) 815-1259
Listed By:
Elsi Alava · License #3250084
(305) 815-1259
Source:
Exitrealty
Added: Jan 31, 2025
Changed: Jul 6
Last Checked: Jul 29 at 7:06AM
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 Alternative Realty Group, LLC
Investment Insights
Based on property information with market context.
This commercial premise, currently operating as BAY MINI MARKET since 1993, presents a business opportunity with established rental income. The property, identified as Unit CU-18, encompasses a total area of 2,676 square feet. The space is located approximately 1.8 miles from Miami Beach (Collins Avenue and 71st Street) and 20 minutes from I-95. The existing supermarket has a wine and beer license and 24-hour security. The space could be suitable for an educational center, sports center, medical office, or restaurant.
Key Highlights
- Established supermarket business (BAY MINI MARKET) since 1993 with existing rental income.
- Prime location with high‑density residential buildings and services nearby.
- Versatile 2,676 sq ft commercial space suitable for various businesses.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $27.60 |
| − Vacancy | −$5.2k | −$1.93 |
| EGI | $68.7k | $25.67 |
| − OpEx | −$17.2k | −$6.42 |
| NOI | $51.5k | $19.25 |
2,676 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$735.9K
$644.0K – $858.6K
NOI $51,516 @ 7.0% cap · market cap 3.22%
Second Best
Retail
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,035 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Nik Food Store Inc — 7904 West Dr, North Bay Village, FL 33141
- Good Gums — 1725 Biarritz Dr, Miami Beach, FL 33141
- Presidente Supermarket — 1600 79th Street Causeway, North Bay Village, FL 33141
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial premises with established business since 1993.
Where is this grocery and convenience store located?
The property is located at 7601 E Treasure Dr CU-18 North Bay Village, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Established supermarket business (BAY MINI MARKET) since 1993 with existing rental income.; Prime location with high‑density residential buildings and services nearby.; Versatile 2,676 sq ft commercial space suitable for various businesses.
