Established Insurance Franchise for
Univista Insurance Homestead, FL 33033
Univista Insurance, Homestead, FL, 33033
Contact for pricing
For Sale
Contact for pricing
Successful UniVista Insurance franchise in prime location, established in 2016.
Property Size750 SF
Price / SF$466.67
Days on Market663
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 Checked: Jul 16 at 3:12 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.8k | $26.40 |
| − Vacancy | −$1.7k | −$2.24 |
| EGI | $18.1k | $24.16 |
| − OpEx | −$5.4k | −$7.25 |
| NOI | $12.7k | $16.91 |
750 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
