Convenience Store with
For Sale
$3,700,000
6201 Miramar Pkwy, Miramar, FL 33023
Operating retail business and underlying real estate are offered together, with grocery merchandise and fuel sales.
Property Size26,302 SF
Price / SF$140.67
Days on Market436
Property Features for 6201 Miramar Pkwy
General Information
Standard status
Active
Size
26,302 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Amenities
3
Building Details
Year Built
1962
Listing Agency:
Realty One Group Plus
(352) 219-1528
Listed By:
Faisal Awan · License #3255415
(352) 219-1528
Source:
Xome
Added: Jun 22, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:47PM
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 Realty One Group Plus
Investment Insights
Based on property information with market context.
The property includes an operating convenience-store business offering grocery merchandise and fuel. The sale combines the business with the underlying real estate, providing both components in one offering.
Built in 1962, the property is located at 6201 Miramar Pkwy in Miramar, Florida. The store serves everyday local needs through its grocery and fuel offerings and is positioned along a busy parkway.
Built in 1962, the property is located at 6201 Miramar Pkwy in Miramar, Florida. The store serves everyday local needs through its grocery and fuel offerings and is positioned along a busy parkway.
Key Highlights
- Operating convenience‑store business included with the real estate
- Grocery merchandise and fuel sales
- Business and underlying real estate offered together
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
$298,563
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
8.07%
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%
$5,971,260
$6.0M
Cap Rate 7%
$4,265,186
$4.3M
Cap Rate 9%
$3,317,367
$3.3M
Market Conditions
NOI Build-Up for 26,302 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
$451.3K $17.16/SF
− Vacancy
−$24.8K −$0.94/SF
EGI
$426.5K $16.22/SF
− OpEx
−$128.0K −$4.86/SF
NOI
$298.6K $11.35/SF
Area
Miramar, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$5,971,260
Cap Rate 7%
$4,265,186
Cap Rate 9%
$3,317,367
Alternative Uses
Best Use
Specialty Retail
$12.24M
$10.71M – $14.28M
NOI $856,815 @ 7.0% cap · market cap 23.16%
Second Best
Retail
$11.42M
$10.00M – $13.33M
NOI $799,694 @ 7.0% cap · market cap 21.61%
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
1,860
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mohamed's Halaal Supermarket — 3810 S State Rd 7 ste b, Miramar, FL 33023
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating retail business and underlying real estate are offered together, with grocery merchandise and fuel sales.
Where is this grocery and convenience store located?
The property is located at 6201 Miramar Pkwy Miramar, FL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Operating convenience‑store business included with the real estate; Grocery merchandise and fuel sales; Business and underlying real estate offered together
