Profitable Gas Station Near
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Gas Statio Gas Station Very Profitable, Miami, FL 00000
Profitable gas station business near Miami International Airport.
Property Size5,473 SF
Price / SF$365.43
Days on Market819
Property Features for Gas Statio Gas Station Very Profitable
General Information
Standard status
Active
Size
5,473 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1967
Units
11
Tenancy
Single
Listing Agency:
Ferrarri International Realty
Listed By:
Giovanni Ferrarri
Source:
Crexi
Added: May 30, 2024
Changed: Aug 26
Last Checked: Aug 26 at 3:12AM
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 Ferrarri International Realty
Investment Insights
Based on property information with market context.
This gas station business is located in Miami, Florida, minutes from Miami International Airport. The property includes a gas station, convenience store, cafeteria with Latin food, a large cooler, and an office. A hand carwash and Latin cafeteria are currently rented out without a lease. The current net operating income, with the carwash and cafeteria rented out, is $367,000. The owner of the business controls the fuel prices and margin, which is currently 60-70 cents per gallon. EBT was recently added. The lease expires in 2038 and is renewable, with the landlord willing to extend the lease to a qualified buyer. The property size is 5473 square feet. The gas station is located near a redevelopment area. If a new owner were to operate the car wash and cafeteria, the net operating income could potentially exceed $500,000 per year.
Key Highlights
- High Net Operating Income (NOI): Current NOI is $367,000 with potential to exceed $500,000.
- Prime Location: Located in Miami, Florida, minutes from Miami International Airport.
- Long and Renewable Lease: Lease expires in 2038 and is renewable.
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
$178,560
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
8.93%
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%
$3,571,200
$3.6M
Cap Rate 7%
$2,550,857
$2.6M
Cap Rate 9%
$1,984,000
$2.0M
Market Conditions
NOI Build-Up for 5,473 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
$284.4K $51.96/SF
− Vacancy
−$29.3K −$5.35/SF
EGI
$255.1K $46.61/SF
− OpEx
−$76.5K −$13.98/SF
NOI
$178.6K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /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%
$3,571,200
Cap Rate 7%
$2,550,857
Cap Rate 9%
$1,984,000
Alternative Uses
Best Use
Specialty Retail
$3.69M
$3.23M – $4.31M
NOI $258,602 @ 7.0% cap · market cap 12.93%
Second Best
Retail
$2.55M
$2.23M – $2.98M
NOI $178,560 @ 7.0% cap · market cap 8.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,802
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
11,155 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,226 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
4,561 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Profitable gas station business near Miami International Airport.
Where is this gas station located?
The property is located at Gas Statio Gas Station Very Profitable Miami, FL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: High Net Operating Income (NOI): Current NOI is $367,000 with potential to exceed $500,000.; Prime Location: Located in Miami, Florida, minutes from Miami International Airport.; Long and Renewable Lease: Lease expires in 2038 and is renewable.
