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    Cafeteria & Market For Sale In Little Havana Miami, FL 33128
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    Cafeteria & Market For Sale In Little Havana Miami, FL 33128

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    • Retail properties & Spaces

    Property Details for 0 Cafeteria & Market For Sale In Little Havana

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving Little Havana establishment, priced at $320,000, presents a unique opportunity for an ambitious entrepreneur. The 4,000-square-foot space is fully equipped and operational, boasting a fully permitted indoor meat market, a convenience store component, and the ability to sell lottery tickets. The kitchen features a hood system and a 1,200-gallon grease trap, all compliant with current codes. The property includes two small windows, three new air conditioners, and recently installed refrigerator and freezer units. A beer and wine license is already in place, simplifying the transition for the new owner. Currently, the business offers both convenience store items and prepared foods, providing a diverse revenue stream. The monthly rent is $8,000. The seller is offering financing options, making this an accessible investment. Located in Miami, Florida, 33128, this business is situated in a vibrant and high-traffic area with significant growth potential. This turnkey operation requires minimal setup and allows for immediate revenue generation. The existing infrastructure and permits significantly reduce the time and cost associated with starting a new business. This is an exceptional opportunity to acquire a well-established and profitable business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2029
    Latitude
    25.7768

    Comparable in this City

    • Value Estimation by Request
      1,176,000 SF

      7Th St

      Restaurants • 1,176,000 SF
      0 7Th St, Miami, FL 33128
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    • Value Estimation
      $6,835,000
      26,023 SF

      60 12th Ave

      DEPARTMENT STORE • 26,023 SF
      60 12th Ave, Miami, FL 33128-1007
      View Details
    • Value Estimation
      $565,000
      9,042 SF

      404 Nwn Riv Dr

      RESTAURANT • 9,042 SF
      404 Nwn Riv Dr, Miami, FL 33128-1628
      View Details
    • Value Estimation by Request
      4,922 SF

      450 Nwn Riv Dr

      RESTAURANT • 4,922 SF
      450 Nwn Riv Dr, Miami, FL 33128-1628
      View Details
    • Value Estimation
      $1,150,000
      7,573 SF

      99 1st St

      RESTAURANT • 7,573 SF
      99 1st St, Miami, FL 33128-1814
      View Details
    • Value Estimation by Request
      4,476 SF

      398 Nwn Riv Dr

      RESTAURANT • 4,476 SF
      398 Nwn Riv Dr, Miami, FL 33128-1626
      View Details

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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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