Turnkey Asian Grocery
For Sale
$1,700,000
3012 W New Haven Avenue, Melbourne, FL 32904
Turnkey grocery operation with organized shelving and an established selection of Asian foods and specialty household items.
Property Size7,500 SF
Price / SF$226.67
Days on Market62
Property Features for 3012 W New Haven Avenue
General Information
Standard status
Active
Size
7,500 SF
Additional Details
Business Included
Yes
Amenities
Storage, Kitchen Facilities, Public Restroom, Restaurant
Central Air
Central
Block
Additional Parking
Building Details
Building Size
7,500 SF
Year Built
2000
Listing Agency:
Blue Marlin Real Estate
Listed By:
Chau Nguyen
(321) 271-4529
Source:
Evrealestate
Added: Jul 6
Changed: Aug 23
Last Checked: Sep 5 at 4:49AM
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 Blue Marlin Real Estate
Investment Insights
Based on property information with market context.
This well-established Asian grocery store is offered as a turnkey operation. The store features organized shelving and ample inventory, supporting a wide selection of authentic products including fresh produce, seafood, meats, frozen foods, rice, noodles, sauces, spices, snacks, beverages, and specialty household items.
The property is described as being conveniently located in a high-traffic area with a loyal customer base.
Offered for sale, the business is positioned as an owner-operator or investor opportunity for entering the international food market, with the sale including the turnkey operating setup described in the remarks.
The property is described as being conveniently located in a high-traffic area with a loyal customer base.
Offered for sale, the business is positioned as an owner-operator or investor opportunity for entering the international food market, with the sale including the turnkey operating setup described in the remarks.
Key Highlights
- Asian grocery store business with YearBuilt 2000
- Wide selection of authentic Asian foods including fresh produce, seafood, meats, and frozen foods
- Includes pantry items such as rice, noodles, sauces, spices, snacks, beverages, and specialty household items
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
$99,900
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
5.88%
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%
$1,998,000
$2.0M
Cap Rate 7%
$1,427,143
$1.4M
Cap Rate 9%
$1,110,000
$1.1M
Market Conditions
NOI Build-Up for 7,500 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
$144.0K $19.20/SF
− Vacancy
−$10.8K −$1.44/SF
EGI
$133.2K $17.76/SF
− OpEx
−$33.3K −$4.44/SF
NOI
$99.9K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /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%
$1,998,000
Cap Rate 7%
$1,427,143
Cap Rate 9%
$1,110,000
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,900 @ 7.0% cap · market cap 5.88%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,468 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,510 @ 7.0% cap · market cap 8.15%
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
657
Businesses Nearby
289k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Home Improvements & Furnishings 28%
Shops & Services 25%
Groceries 11%
Target
Superstores
82,763 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
35,822 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
34,898 visits/mo
0.2 miles
Wawa
Shops & Services
34,635 visits/mo
0.2 miles
Winn-Dixie
Groceries
21,363 visits/mo
0.2 miles
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey grocery operation with organized shelving and an established selection of Asian foods and specialty household items.
Where is this grocery and convenience store located?
The property is located at 3012 W New Haven Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Asian grocery store business with YearBuilt 2000; Wide selection of authentic Asian foods including fresh produce, seafood, meats, and frozen foods; Includes pantry items such as rice, noodles, sauces, spices, snacks, beverages, and specialty household items
