Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11260 232 St The Hammocks, FL 33170
    Back to Search
    Property profile & analytics

    11260 232 St, The Hammocks, FL 33170

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • YUME boba tea&Ice cream& mochi donuts / Restaurant

    Property Details for 11260 232 St

    Property type
    Retail properties & Spaces
    Property subtype
    Bars & Pubs

    Description

    This thriving Miami restaurant and bar, located at 11260 SW 232nd St. in The Hammocks (zip code 33170, Miami-Dade County, Florida), is available for $50,000. Currently operating as a bubble tea and mochi donut shop, this retail space benefits from its prime location within the Publix-anchored Promenade at Silver Palm shopping center, ensuring high foot traffic and visibility. The business model, featuring trendy desserts and beverages, appeals to a wide demographic, from families to shoppers. The property includes a grease trap, ideal for food service operations, although it lacks a hood system. This turnkey opportunity presents a unique chance to acquire an established business in a high-demand location. The property is situated at 25.6052352 latitude and -80.5549561 longitude. Serious inquiries only; showings are by appointment only to avoid disturbing the current owner and employees. This is a fantastic chance to own a piece of Miami's vibrant culinary scene. The asking price reflects the significant potential for growth and profitability in this established location. Don't miss this exceptional opportunity to own a successful business in a thriving retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Hammocks
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.555
    Latitude
    25.6052

    Comparable in this City

    • Value Estimation by Request

      23175 Naranja Rd

      Restaurants
      23175 Naranja Rd, Miami, FL 33170
      View Details
    • Value Estimation
      $1,005,000
      4,340 SF

      23101 Dixie Hwy

      NIGHTCLUB (COCKTAIL LOUNGE)
      23101 Dixie Hwy, Miami, FL 33170-6365
      View Details
    • Value Estimation by Request

      22077 Dixie Hwy

      Retail properties & Spaces
      22077 Dixie Hwy, Miami, FL 33170
      View Details
    • Value Estimation by Request
      19.40 Acres

      Miami, FL 33170

      NURSERY, GREENHOUSE, FLORIST
      Miami, FL 33170
      View Details
    • Value Estimation by Request
      300 SF

      21900 187th Ave

      NURSERY, GREENHOUSE, FLORIST
      21900 187th Ave, Miami, FL 33170-1412
      View Details
    • Value Estimation by Request
      0.87 Acres

      22935 122nd Ave

      NURSERY, GREENHOUSE, FLORIST
      22935 122nd Ave, Miami, FL 33170-4403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      490 SF

      Turnkey Lounge on US-1 Corner

      Reggae lounge for sale in rapidly growing Goulds area.
      21855 S Dixie Hwy, Miami, FL 33170
      View Details
    • Contact for pricing

      Freestanding Building on 220 Street

      1070 sqft storefront with high visibility and traffic.
      11890 SW 220Th St, Miami, FL 33170
      View Details
    • $199,999

      Established Puerto Rican Food Distributor

      Turn-key specialty food and beverage distributor with loyal customer base.
      Miami, FL 33170
      View Details
    • Contact for pricing
      110,000 SF

      2.4 Acres Development Opportunity

      2.4 acres with approved plans for 90 units.
      21640 SW 112Th Ave, Miami, FL 33170
      View Details
    • Contact for pricing

      Redlands Estate with Fruit Trees

      14-acre estate with mature Longan and Mango trees in Redlands.
      22020 SW 207Th Ave, Miami, FL 33170
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      984 SF

      Retail Space For Lease

      Highly visible retail space with vanilla shell delivery.
      11045 SW 216Th St, Miami, FL 33170
      View Details
    • $35 SF/Yr
      7,318 SF

      Retail Space with High Visibility

      Retail space in high-traffic Miami location, ready for occupancy.
      11890 SW 220Th St, Miami, FL 33170
      View Details
    • $3,290 /Mo

      Equestrian Rental with Ten Stables

      Equestrian rental featuring 10 stables and a 1-bedroom apartment.
      19191 SW 232Nd St, Miami, FL 33170
      View Details
    • $1,750 /Mo

      Remodeled Unit with New Appliances

      Remodeled unit featuring new appliances, impact windows, and central A/C.
      22210 SW 116Th Ave, Miami, FL 33170
      View Details
    • $24 SF/Yr
      7,000 SF

      Krome Ave Warehouse Investment Opportunity

      7,000 SF Warehouse on 4.69 Acres
      22700 177Th Ave, Miami, FL 33170
      View Details
    • Contact for pricing

      Cannabis Grow Facility For Rent

      35,000 SF cannabis grow facility with security fencing.
      21865 SW 162Nd Ave, Miami, FL 33170
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11260 232 St
    The Hammocks, FL 33170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11260 232 St, The Hammocks, FL, 33170
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!