Established Insurance Franchise for
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Univista Insurance, Homestead, FL 33033
Successful UniVista Insurance franchise in prime location, established in 2016.
Property Size750 SF
Price / SF$466.67
Days on Market708
Property Features for Univista Insurance
General Information
Standard status
Active
Size
750 SF
Property subtype
Retail, Office
Listing Agency:
Legacy Group Real Estate, LLC.
Listed By:
Magdiel Garcia Gonzalez · License #3351452
Source:
Crexi
Added: Sep 24, 2024
Changed: Aug 21
Last Checked: Sep 1 at 5:36AM
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 Legacy Group Real Estate, LLC.
Investment Insights
Based on property information with market context.
Established in 2016, this UniVista Insurance franchise has been operating for 8 years in a prime location. The agency features 750 sq. ft. of office space, including 4 desks, 1 cubicle, a lunch area, and a dedicated storage room. The space is equipped with computers and phone lines and features UniVista signage. The agency is licensed and appointed with 18 insurance companies, with 220 licenses. It offers Auto, Home, Commercial, Health (Obama-Care), and Income Tax services. The business has over 400 active policies, with approximately 60% in Auto, 25% in Home, and 15% in Commercial lines. Additionally, it serves over 200 tax clients and has a growing health insurance book. This presents an opportunity for growth in an established market.
Key Highlights
- Established UniVista Insurance franchise operating successfully for 8 years in a prime location.
- Agency is fully equipped with 4 desks, 1 cubicle, lunch area, storage, computers, phone lines, and UniVista signage.
- Appointed with 18 insurance companies and offering diverse services: Auto, Home, Commercial, Health (Obama‑Care), and Income Tax.
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
$12,682
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
3.62%
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%
$253,640
$253.6K
Cap Rate 7%
$181,171
$181.2K
Cap Rate 9%
$140,911
$140.9K
Market Conditions
NOI Build-Up for 750 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
$19.8K $26.40/SF
− Vacancy
−$1.7K −$2.24/SF
EGI
$18.1K $24.16/SF
− OpEx
−$5.4K −$7.25/SF
NOI
$12.7K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /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%
$253,640
Cap Rate 7%
$181,171
Cap Rate 9%
$140,911
Alternative Uses
Best Use
Retail
$181.2K
$158.5K – $211.4K
NOI $12,682 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Successful UniVista Insurance franchise in prime location, established in 2016.
Where is this retail space located?
The property is located at Univista Insurance Homestead, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established UniVista Insurance franchise operating successfully for 8 years in a prime location.; Agency is fully equipped with 4 desks, 1 cubicle, lunch area, storage, computers, phone lines, and UniVista signage.; Appointed with 18 insurance companies and offering diverse services: Auto, Home, Commercial, Health (Obama‑Care), and Income Tax.
