Turnkey Convenience Store
For Sale
Contact for pricing
708 SW 17th Ave, Miami, FL 33135
Profitable, fully renovated convenience store in high-traffic Miami location.
Property Size600 SF
Price / SF$416.67
Days on Market183
Property Features for 708 SW 17th Ave
General Information
Standard status
Active
Size
600 SF
Property subtype
Business for Sale
Lease Type
NNN
Investment Type
Owner/User
Listing Agency:
LUXE Properties
(305) 505-2002
Listed By:
Stefanie Bergmann · License #3266872
Source:
Crexi
Added: Mar 1
Changed: Aug 25
Last Checked: Aug 30 at 3:48PM
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 LUXE Properties
Investment Insights
Based on property information with market context.
This is a fully turnkey convenience store located in a high-traffic area. The operation functions as a convenience store, smoke shop, mini cafeteria, and ice cream shop. The business has been open for 9 months and features a complete interior renovation. All equipment, fixtures, and inventory are included with the sale. The inventory and equipment include a new ice cream machine, an industrial-grade espresso and coffee machine, a full inventory of vapes, edibles, cigarettes, and accessories, snacks, beverages, and essential toiletry items. The store is located less than one block from Calle Ocho. The property offers parking in the front and rear. Neighboring anchor businesses include a beauty supply store, La Granja, and a soccer merchandise shop.
Key Highlights
- Fully turnkey 24/7 convenience store in a prime, high‑traffic location.
- Versatile operation: convenience store, smoke shop, mini cafeteria, and ice cream shop.
- Complete interior renovation and brand new equipment, fixtures, and inventory included.**
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
$19,575
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
7.83%
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%
$391,500
$391.5K
Cap Rate 7%
$279,643
$279.6K
Cap Rate 9%
$217,500
$217.5K
Market Conditions
NOI Build-Up for 600 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
$31.2K $51.96/SF
− Vacancy
−$3.2K −$5.35/SF
EGI
$28.0K $46.61/SF
− OpEx
−$8.4K −$13.98/SF
NOI
$19.6K $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 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%
$391,500
Cap Rate 7%
$279,643
Cap Rate 9%
$217,500
Alternative Uses
Best Use
Specialty Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 11.34%
Second Best
Retail
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 7.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Sapil Supermarket — 2201 SW 16th St, Miami, FL 33145
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- Supermercado argentino — 1305 SW 8th St, Miami, FL 33135
- La Bodeguita De Lazaro — 0141020110280, Miami, FL 33135
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Profitable, fully renovated convenience store in high-traffic Miami location.
Where is this grocery and convenience store located?
The property is located at 708 SW 17th Ave Miami, 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 turnkey 24/7 convenience store in a **prime, high‑traffic location.**; Versatile operation: convenience store, smoke shop, mini cafeteria, and ice cream shop.; Complete interior renovation and brand new equipment, fixtures, and inventory included.**
