Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Hookah & Smoke Shop In Kendall Dr The Crossings, FL 33186
    Back to Search
    Property profile & analytics

    The Hookah & Smoke Shop In Kendall Dr, The Crossings, FL 33186

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for The Hookah & Smoke Shop In Kendall Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Bars & Pubs

    Description

    This thriving hookah lounge and smoke shop presents a unique investment opportunity in Miami's vibrant The Crossings neighborhood. Established for over seven years, this 1,500 square foot retail space boasts a consistent monthly income ranging from $15,000 to $20,000. The business includes both a smoke shop license and a wine and beer retail license, providing diverse revenue streams. Located on Kendall Drive in Miami, Florida (zip code 33186), this turnkey operation is situated in Miami-Dade County. The property's prime location ensures high visibility and consistent customer traffic. Financial records are available upon request to qualified buyers. High-definition video showcasing the property's features is also available for viewing. This is an exceptional chance to acquire a well-established and profitable business with significant growth potential. The asking price for this turnkey operation is $90,000. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Crossings
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3943
    Latitude
    25.686

    Comparable in this City

    • Value Estimation by Request

      Take-Out Restaurant For Sale In Country Walk

      Restaurants
      0 Take-Out Restaurant For Sale In Country Walk, Miami, FL 33186
      View Details
    • Value Estimation by Request

      Top Of The Line Fish & Seafood Market With Distribution In Miami

      Restaurants
      0 Top Of The Line Fish & Seafood Market With Distribution In Miami, Miami, FL 33186
      View Details
    • Value Estimation by Request

      132Nd Ct

      Restaurants
      0 132Nd Ct, Miami, FL 33186
      View Details
    • Value Estimation by Request
      3,710 SF

      12805 136th Ave

      NIGHTCLUB (COCKTAIL LOUNGE)
      12805 136th Ave, Miami, FL 33186-5810
      View Details
    • Value Estimation by Request
      6,264 SF

      12800 128th St

      NIGHTCLUB (COCKTAIL LOUNGE)
      12800 128th St, Miami, FL 33186-5253
      View Details
    • Value Estimation by Request
      2,100 SF

      000 In Sales

      Restaurants
      000 In Sales, Miami, FL 33186
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,954 SF

      Retail Property in Miami, FL

      Retail property available for sale in Miami, Florida.
      11115 SW 132Nd Ave, Miami, FL 33186
      View Details
    • Contact for pricing

      Corner Unit Warehouse Investment Opportunity

      2,309 sq ft warehouse with tenant in rapidly growing area.
      13850 SW 143Rd Ct, Miami, FL 33186
      View Details
    • $95,000
      1,200 SF

      Kendall Restaurant Business Opportunity

      Operating 1,200 sqft restaurant for sale in Kendall, Florida.
      Restaurant For Sale In The Heart Of Kendall, Kendall, FL 33186
      View Details
    • Contact for pricing

      Miami McDonald's Net Leased Property

      Net leased McDonald’s with drive-thru in a high-traffic location.
      11115 SW 132Nd Ave, Miami, FL 33186
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Industrial Single Tenant Space

      24,310 SqFt retail or industrial space available for rent.
      13800 SW 119Th Ave, Miami, FL 33186
      View Details
    • Contact for pricing

      Warehouse Flex Space in Kendall

      2000 SF warehouse/flex space with office/showroom in Kendall.
      12225 SW 128Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Retail Space at Market Square

      Prime retail space available in March at Market Square.
      11700 SW 104Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Move-In Ready Retail Space Available

      1,250 SF retail space with excellent visibility and accessibility.
      11700 SW 104Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in a densely populated, high-traffic location.
      14601-14699 SW 104Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease in Miami, Florida.
      12512-12570 SW 120Th St, Miami, FL 33186
      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.
    The Hookah & Smoke Shop In Kendall Dr
    The Crossings, FL 33186
    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
    The Hookah & Smoke Shop In Kendall Dr, The Crossings, FL, 33186
    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!