Gelato Franchise
For Sale
$250,000
306 SW 145 Ave, Pembroke Pines, FL 33027
Fully operational gelato franchise restaurant open for 3 years, with a 10-year lease secured through 2031.
Property Size1,114 SF
Price / SF$224.42
Days on Market48
Property Features for 306 SW 145 Ave
General Information
Standard status
Active
Size
1,114 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Brickell Realty Group International
Listed By:
Pittel Dominguez · License #3053917
(305) 477-1818
Source:
Mymiahomes
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 4 at 9:49AM
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 Brickell Realty Group International
Investment Insights
Based on property information with market context.
This for-sale opportunity is a successful Freddo Traditional Italian Gelato franchise restaurant that has been open and thriving for three years. The business is being offered as a fully operational shop, backed by franchise training support, and positioned for immediate continuity of operations.
Located at 306 SW 145 Avenue in Pembroke Pines, the store sits within a busy shopping plaza, with Twin Peaks Restaurant next door. The proximity to established retail activity supports strong day-to-day visibility within the center.
A long-term lease is secured through 2031, with an additional 10-year renewal option. The property is presented as a way to avoid new-franchise setup delays and costs associated with opening from the ground up.
Located at 306 SW 145 Avenue in Pembroke Pines, the store sits within a busy shopping plaza, with Twin Peaks Restaurant next door. The proximity to established retail activity supports strong day-to-day visibility within the center.
A long-term lease is secured through 2031, with an additional 10-year renewal option. The property is presented as a way to avoid new-franchise setup delays and costs associated with opening from the ground up.
Key Highlights
- Fully operational Freddo Traditional Italian gelato franchise restaurant open and thriving for 3 years
- 10‑year lease secured through 2031, with an additional 10‑year renewal option
- Located in a busy shopping plaza with a restaurant next door (Twin Peaks Restaurant)
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
$20,623
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
8.25%
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%
$412,460
$412.5K
Cap Rate 7%
$294,614
$294.6K
Cap Rate 9%
$229,144
$229.1K
Market Conditions
NOI Build-Up for 1,114 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
$29.4K $26.40/SF
− Vacancy
−$1.9K −$1.72/SF
EGI
$27.5K $24.68/SF
− OpEx
−$6.9K −$6.17/SF
NOI
$20.6K $18.51/SF
Area
Pembroke Pines, FL
Vacancy
6.50%
Lease Rate
$26.40 /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%
$412,460
Cap Rate 7%
$294,614
Cap Rate 9%
$229,144
Alternative Uses
Best Use
Specialty Retail
$294.6K
$257.8K – $343.7K
NOI $20,623 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.2K
$414.0K – $552.0K
NOI $33,121 @ 7.0% cap · market cap 13.25%
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
276
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33027, FL
63,726
Population
26,247
Households
2.4
Avg Household Size
45
Median Age
42%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
4,756
Density / Sq Mi
$73,450
Median Household Income
$50,689
Median Earnings
$1,788
Median Rent
$403,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operational gelato franchise restaurant open for 3 years, with a 10-year lease secured through 2031.
Where is this conventional restaurant located?
The property is located at 306 SW 145 Ave Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully operational Freddo Traditional Italian gelato franchise restaurant open and thriving for 3 years; 10‑year lease secured through 2031, with an additional 10‑year renewal option; Located in a busy shopping plaza with a restaurant next door (Twin Peaks Restaurant)
