Convenience Store
For Sale
$2,500,000
321 Opa Locka Boulevard OPA LOCKA, Opa Locka, FL 33054
The property includes block construction, a paved surface, and city-street access.
Property Size6,390 SF
Lot Size0.50 Acres
Price / SF$389.11
Days on Market104
Property Features for 321 Opa Locka Boulevard OPA LOCKA
General Information
Standard status
Active
Size
6,390 SF
Lot size
0.50 Acres
Zoning
6600
Taxes and HOA fees
Annual Taxes
$25,794
Amenities
1
true
21600
0.5
false
Paved
Block
City Street
6390
Building Details
Building Size
6,390 SF
Year Built
1953
Buildings
1
Stories
1
Listed By:
James Fletcher
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Oct 4
Last Checked: Oct 7 at 9:38AM
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 James Fletcher
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Investment Insights
Based on property information with market context.
This convenience-store property at 321 Opa Locka Boulevard includes a block-built commercial structure on a 0.5-acre site. The improvements date to 1953, and the property is served by a city street with a paved surface.
Zoning is identified as 6600. The building and lot are positioned for continued commercial use, subject to buyer verification and due diligence.
Zoning is identified as 6600. The building and lot are positioned for continued commercial use, subject to buyer verification and due diligence.
Key Highlights
- Convenience‑store property at 321 Opa Locka Boulevard, Opa Locka, FL 33054
- 0.5‑acre lot
- Block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,620
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,192,400
$4.2M
Cap Rate 7%
$2,994,571
$3.0M
Cap Rate 9%
$2,329,111
$2.3M
Market Conditions
NOI Build-Up for 6,425 SF
Gross rent
$333.8K $51.96/SF
− Vacancy
−$34.4K −$5.35/SF
EGI
$299.5K $46.61/SF
− OpEx
−$89.8K −$13.98/SF
NOI
$209.6K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,192,400
Cap Rate 7%
$2,994,571
Cap Rate 9%
$2,329,111
Alternative Uses
Best Use
Specialty Retail
$4.34M
$3.79M – $5.06M
NOI $303,584 @ 7.0% cap · market cap 12.14%
Second Best
Retail
$2.99M
$2.62M – $3.49M
NOI $209,620 @ 7.0% cap · market cap 8.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Presidente Supermarket #5 — 450 NE 125th St, North Miami, FL 33161
- New Way Foods — 12955 NW 7th Ave, North Miami, FL 33168
- Food Mart — Golden Glades, FL 33168
- Papis Supermarket — 13700 NW 7th Ave, Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The property includes block construction, a paved surface, and city-street access.
Where is this grocery and convenience store located?
The property is located at 321 Opa Locka Boulevard OPA LOCKA Opa Locka, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Convenience‑store property at 321 Opa Locka Boulevard, Opa Locka, FL 33054; 0.5‑acre lot; Block construction
