Building Details

Year Built 1987

Listing Agency: Alternative Realty Group, LLC

Listed By: Elsi Alava · License #3250084 Show Phone

Source: Thepennteam

Added: Jul 28 Changed: Oct 10 Last Checked: Oct 7 at 4:01PM

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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 Alternative Realty Group, LLC

Investment Insights

Based on property information with market context.

The grocery property comprises 2,676 square feet within Unit CU-18 and is associated with a market operation established in 1993. A wine and beer license is included among the stated property features. The building was constructed in 1987.

Located at 7601 E Treasure Drive in North Bay Village, the premises are identified as 1.8 miles from Miami Beach near Collins Avenue and 71st Street. The property information also places the site near the I-95 freeway and surrounding apartment buildings.

Key Highlights

• 2,676‑square‑foot grocery and convenience store in Unit CU‑18
• Wine and beer license
• Market operation established in 1993

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,516

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,030,320 $1.0M

Cap Rate 7%

$735,943 $735.9K

Cap Rate 9%

$572,400 $572.4K

Market Conditions

NOI Build-Up for 2,676 SF

Gross rent

$73.9K $27.60/SF

− Vacancy

−$5.2K −$1.93/SF

EGI

$68.7K $25.67/SF

− OpEx

−$17.2K −$6.42/SF

NOI

$51.5K $19.25/SF

Area

Miami-Dade County, FL

Vacancy

7.00%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,030,320

Cap Rate 7%

$735,943

Cap Rate 9%

$572,400

Alternative Uses

Best Use

Specialty Retail

$735.9K

$644.0K – $858.6K (±1% cap)

NOI $51,516 @ 7.0% cap · market cap 3.22%

Second Best

Retail

$646.4K

$565.6K – $754.2K (±1% cap)

NOI $45,249 @ 7.0% cap · market cap 2.83%

Theoretical Best

Office A

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $95,035 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

885

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33141, FL

35,995

Population

21,793

Households

1.7

Avg Household Size

44

Median Age

44%

College-Educated

91%

High-School Grad

2.3 sq mi

ZIP Area

15,650

Density / Sq Mi

$64,457

Median Household Income

$36,899

Median Earnings

$1,739

Median Rent

$434,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Presidente Supermarket — 1600 79th Street Causeway, North Bay Village, FL 33141
• Nik Food Store Inc — 7904 West Dr, North Bay Village, FL 33141
• Good Gums — 1725 Biarritz Dr, Miami Beach, FL 33141

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The premises accommodate an established market operation with a wine and beer license.

Where is this grocery and convenience store located?

The property is located at 7601 E Treasure Drive Cu-18 North Bay Village, FL.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: 2,676‑square‑foot grocery and convenience store in Unit CU‑18; Wine and beer license; Market operation established in 1993