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    Profitable Gas Station Near Airport Title is generated by Realmo AI

    Gas Statio Gas Station Very Profitable, Miami, FL 00000

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    Profitable gas station business near Miami International Airport.

    Type:Office
    Property size:
    5,473 SF
    Price / SF:
    $365/SF
    Added:
    May 30, 2024
    Days on Market:
    734
    Last Refresh:
    May 12 at 11:03 pm

    Property Features for Gas Statio Gas Station Very Profitable

    General Information

    Standard status
    Active
    Size
    5,473 SF
    Property subtype
    Office

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Giovanni Ferrarri

    Listing agent Giovanni Ferrarri

    Listing office Ferrarri International Realty

    Listing date May 30, 2024

    Source Crexi

    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

    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.
    • High Fuel Margin: Current margin on fuel is 60‑70 cents per gallon.
    • Multiple Revenue Streams: Includes gas station, C‑store, Latin cafeteria, and hand carwash.
    • EBT Acceptance: EBT was recently added.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2823063
    Latitude
    25.839203

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    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Giovanni Ferrarri
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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