Established Insurance Franchise for
For Sale
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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 Market753
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: Oct 8
Last Checked: Oct 16 at 9:19AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$12,682
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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.
