Dry Cleaning
New
For Sale
$2,200,000
9920 SW 168th St, Miami, FL 33157
An operating dry-cleaning business includes its equipment and inventory in the sale.
Property Size3,872 SF
Days on Market2
Property Features for 9920 SW 168th St
General Information
Standard status
Active
Size
3,872 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$12,263
Building Details
Building Size
3,872 SF
Year Built
1962
Stories
1
Units
1
Listed By:
William Bustamante
(786) 973-7676
Source:
Elliman
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 23 at 5:51PM
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 William Bustamante
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Investment Insights
Based on property information with market context.
The offering is an operating dry-cleaning business in a storefront property. Equipment and inventory are included, allowing the business and its physical assets to transfer together.
The storefront is at 9920 SW 168th St in Miami. The building dates to 1962. TransitScore is 44, WalkScore is 21, and BikeScore is 34; the scores indicate some transit availability, limited walkability, and some bikeability.
The storefront is at 9920 SW 168th St in Miami. The building dates to 1962. TransitScore is 44, WalkScore is 21, and BikeScore is 34; the scores indicate some transit availability, limited walkability, and some bikeability.
Key Highlights
- Operating dry‑cleaning business with equipment and inventory included
- Building constructed in 1962
- TransitScore 44; WalkScore 21; BikeScore 34
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,692
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,840
$1.4M
Cap Rate 7%
$967,029
$967.0K
Cap Rate 9%
$752,133
$752.1K
Market Conditions
NOI Build-Up for 3,872 SF
Gross rent
$104.5K $27.00/SF
− Vacancy
−$7.8K −$2.03/SF
EGI
$96.7K $24.98/SF
− OpEx
−$29.0K −$7.49/SF
NOI
$67.7K $17.48/SF
Area
ZIP 33157
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,840
Cap Rate 7%
$967,029
Cap Rate 9%
$752,133
Alternative Uses
Best Use
Retail
$967.0K
$846.2K – $1.13M
NOI $67,692 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,510 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
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Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - An operating dry-cleaning business includes its equipment and inventory in the sale.
Where is this storefront property located?
The property is located at 9920 SW 168th St Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Operating dry‑cleaning business with equipment and inventory included; Building constructed in 1962; TransitScore 44; WalkScore 21; BikeScore 34
