Grocery Store with
For Sale
$8,999,900
1305 SW 8th Street, Miami, FL 33135
Corner property includes an in-house bakery and Certified Angus Beef meat market.
Property Size13,000 SF
Price / SF$692.30
Days on Market21
Property Features for 1305 SW 8th Street
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
Tower Team Realty,LLC
Listed By:
Vivian Pena
(786) 453-3170
Source:
Onesothebysrealty
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 29 at 11:32AM
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 Tower Team Realty,LLC
Investment Insights
Based on property information with market context.
This grocery and convenience store property combines the underlying land and building with an operating supermarket business. The 13,000-square-foot facility also contains a restaurant, in-house bakery, and Certified Angus Beef meat market, creating multiple food-service and retail components within one operation. The building dates to 1940.
Located at 1305 SW 8th Street in Miami’s Little Havana, the property occupies a corner lot in an established commercial area. The supermarket has served the community for over 26 years, and the sale includes the business, land, and building. The owner is retiring, providing a transition opportunity for a new operator or ownership group.
Located at 1305 SW 8th Street in Miami’s Little Havana, the property occupies a corner lot in an established commercial area. The supermarket has served the community for over 26 years, and the sale includes the business, land, and building. The owner is retiring, providing a transition opportunity for a new operator or ownership group.
Key Highlights
- 13,000‑square‑foot grocery and convenience store property
- Business, land, and building included in the sale
- Operating supermarket with restaurant and in‑house bakery
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
$614,256
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
6.83%
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%
$12,285,120
$12.3M
Cap Rate 7%
$8,775,086
$8.8M
Cap Rate 9%
$6,825,067
$6.8M
Market Conditions
NOI Build-Up for 13,000 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
$831.5K $63.96/SF
− Vacancy
−$12.5K −$0.96/SF
EGI
$819.0K $63.00/SF
− OpEx
−$204.8K −$15.75/SF
NOI
$614.3K $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 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%
$12,285,120
Cap Rate 7%
$8,775,086
Cap Rate 9%
$6,825,067
Alternative Uses
Best Use
Specialty Retail
$8.78M
$7.68M – $10.24M
NOI $614,256 @ 7.0% cap · market cap 6.83%
Second Best
Retail
$6.06M
$5.30M – $7.07M
NOI $424,134 @ 7.0% cap · market cap 4.71%
Theoretical Best
—
—
same as Best Use
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
3,360
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sapil Supermarket — 2201 SW 16th St, Miami, FL 33145
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- Presidente Supermarket — 1895 SW 8th St, Miami, FL 33135
- Supermercado argentino — 1305 SW 8th St, Miami, FL 33135
- Presidente #19 — 826 SW 5th Ave, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner property includes an in-house bakery and Certified Angus Beef meat market.
Where is this grocery and convenience store located?
The property is located at 1305 SW 8th Street Miami, FL.
What is the asking price?
The asking price for this property is $8,999,900.
What are key features of this property?
This property features: 13,000‑square‑foot grocery and convenience store property; Business, land, and building included in the sale; Operating supermarket with restaurant and in‑house bakery
