Grocery Store with Beverage
For Sale
$1,600,000
7601 E Treasure Drive Cu-18, North Bay Village, FL 33141
The premises accommodate an established market operation with a wine and beer license.
Property Size2,676 SF
Price / SF$597.91
Days on Market32
Property Features for 7601 E Treasure Drive Cu-18
General Information
Standard status
Active
Size
2,676 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1987
Listing Agency:
Alternative Realty Group, LLC
(305) 751-6400
Listed By:
Elsi Alava · License #3250084
Source:
Thepennteam
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 28 at 12:43PM
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.
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 = 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
$51,516
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
3.22%
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%
$1,030,320
$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
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
$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 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%
$1,030,320
Cap Rate 7%
$735,943
Cap Rate 9%
$572,400
Alternative Uses
Best Use
Specialty Retail
$735.9K
$644.0K – $858.6K
NOI $51,516 @ 7.0% cap · market cap 3.22%
Second Best
Retail
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,035 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
