Corner Convenience Store
For Sale
$440,000
8717-8723 50, Lauderhill, FL 33351
Two corner commercial units with assigned parking and a designated loading area in an established shopping center.
Property Size1,476 SF
Price / SF$298.10
Days on Market289
Property Features for 8717-8723 50
General Information
Standard status
Active
Size
1,476 SF
Total Parking Spaces
3
Property subtype
General Commercial
Additional Details
Corner Location
Yes
Amenities
3
Building Details
Year Built
2003
Listing Agency:
United Realty Group Inc
(305) 409-2309
Listed By:
Alexis Poveda · License #3038679
(305) 409-2309
Source:
Xome
Added: Oct 28, 2025
Changed: Aug 12
Last Checked: Aug 12 at 5:25AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
The offering includes two corner units totaling 1,445 SF of retail space within a shopping center. The current convenience store business is not included in the sale, providing a separate ownership opportunity for the real estate. The building is described as well maintained and includes three assigned parking spaces plus a loading area serving the unit.
The property is located at 8717-8723 50 in Lauderhill, Florida. Customer parking is available on site, and the shopping center includes a long-term tenant. The units are available for showing.
The property is located at 8717-8723 50 in Lauderhill, Florida. Customer parking is available on site, and the shopping center includes a long-term tenant. The units are available for showing.
Key Highlights
- Two corner units with 1,445 SF of retail space
- Current convenience store business is excluded from the sale
- 3 assigned parking spaces plus a loading area
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
$28,414
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
6.46%
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%
$568,280
$568.3K
Cap Rate 7%
$405,914
$405.9K
Cap Rate 9%
$315,711
$315.7K
Market Conditions
NOI Build-Up for 1,476 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
$40.7K $27.60/SF
− Vacancy
−$2.9K −$1.93/SF
EGI
$37.9K $25.67/SF
− OpEx
−$9.5K −$6.42/SF
NOI
$28.4K $19.25/SF
Area
Broward 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%
$568,280
Cap Rate 7%
$405,914
Cap Rate 9%
$315,711
Alternative Uses
Best Use
Specialty Retail
$405.9K
$355.2K – $473.6K
NOI $28,414 @ 7.0% cap · market cap 6.46%
Second Best
Retail
$356.5K
$312.0K – $416.0K
NOI $24,958 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$748.8K
$655.2K – $873.7K
NOI $52,419 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Electronics 10%
Beauty & Spa 2%
Wendy's
Dining
13,194 visits/mo
0.5 miles
Marathon
Shops & Services
6,042 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,786 visits/mo
0.5 miles
Mobil
Shops & Services
3,482 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
3,366 visits/mo
0.5 miles
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
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.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Two corner commercial units with assigned parking and a designated loading area in an established shopping center.
Where is this grocery and convenience store located?
The property is located at 8717-8723 50 Lauderhill, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two corner units with 1,445 SF of retail space; Current convenience store business is excluded from the sale; 3 assigned parking spaces plus a loading area
