Renovated Sports Bar
For Sale
Contact for pricing
3375 SW 75th Ave, Davie, FL 33314
Recently renovated bar and restaurant business with an assigned lease, FF&E, licenses, and goodwill.
Property Size4,500 SF
Price / SF$132.22
Days on Market155
Property Features for 3375 SW 75th Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Zoning
Prime Retail/Restaurant Zoning in Davie, FL
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Prakas & Company
(561) 400-1058
Listed By:
Tom Prakas · License #FL BK3077048
Source:
Crexi
Added: Mar 28
Changed: Aug 29
Last Checked: Aug 29 at 4:00PM
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 Prakas & Company
Investment Insights
Based on property information with market context.
This offering consists of the business assets of a full-service sports bar and restaurant, including FF&E, licenses, goodwill, and an assignment of the existing lease. The operation occupies a recently renovated 4,500-square-foot build-out and is offered without real estate. The lease assignment remains subject to landlord approval.
The property information identifies retail/restaurant zoning in Davie, Florida. Specific business details, including the name, financial information, and interior photography, are provided to qualified, vetted groups that execute an NDA.
The property information identifies retail/restaurant zoning in Davie, Florida. Specific business details, including the name, financial information, and interior photography, are provided to qualified, vetted groups that execute an NDA.
Key Highlights
- 4,500‑square‑foot full‑service sports bar and restaurant operation
- Recently renovated restaurant build‑out
- Sale includes FF&E, licenses, goodwill, and lease assignment
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
$53,793
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
9.04%
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%
$1,075,860
$1.1M
Cap Rate 7%
$768,471
$768.5K
Cap Rate 9%
$597,700
$597.7K
Market Conditions
NOI Build-Up for 4,500 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
$76.1K $16.92/SF
− Vacancy
−$4.4K −$0.98/SF
EGI
$71.7K $15.94/SF
− OpEx
−$17.9K −$3.98/SF
NOI
$53.8K $11.95/SF
Area
Davie, FL
Vacancy
5.80%
Lease Rate
$16.92 /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%
$1,075,860
Cap Rate 7%
$768,471
Cap Rate 9%
$597,700
Alternative Uses
Best Use
Specialty Retail
$768.5K
$672.4K – $896.6K
NOI $53,793 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$853.2K
$746.5K – $995.4K
NOI $59,722 @ 7.0% cap · market cap 10.04%
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
1,315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33314, FL
30,248
Population
12,041
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
3,437
Density / Sq Mi
$63,791
Median Household Income
$36,733
Median Earnings
$2,034
Median Rent
$347,600
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.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Recently renovated bar and restaurant business with an assigned lease, FF&E, licenses, and goodwill.
Where is this bar & pub located?
The property is located at 3375 SW 75th Ave Davie, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,500‑square‑foot full‑service sports bar and restaurant operation; Recently renovated restaurant build‑out; Sale includes FF&E, licenses, goodwill, and lease assignment
