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    17020 Collins Ave Sunny Isles Beach, FL 33160

    View on Map
    For Sale
    $2,000,000

    Business Opportunity - Sunny Isles Beach, FL

    Added:
    Oct 16, 2025
    Days on Market:
    169
    Last Refresh:
    Apr 2 at 10:06 pm

    Property Features for 17020 Collins Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    6600
    Parking
    35
    Security features
    Fire Sprinkler System
    Interior features
    Fire Sprinkler System
    Standard status
    Active
    APN
    31-22-11-004-0050

    Taxes and HOA fees

    TaxAnnualAmount
    429412

    Building Details

    Year built
    1956
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandra Payne

    Listing agent Sandra Payne License #3370121

    Listing office The Keyes Company 1400 Alton Rd Ste 201, Miami, FL

    Listing date Oct 16, 2025

    MLS# A11896853 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Opportunity in Sunny Isles

    This is a thriving second-generation Latin cuisine restaurant with over 20 years of success and a loyal clientele. The 4,500 square foot space features a fully equipped kitchen and a 4COP liquor license. The business employs 34 trained staff members. It benefits from strong cash flow derived from dine-in service, catering, and hotel events. The restaurant is situated in a prime, high-traffic location with ample free parking. This turnkey opportunity is suitable for restaurateurs or investors seeking an established, profitable business with potential for growth. The zoning is 6600. Financial information is available upon request. The property is located in Sunny Isles Beach, Florida, specifically at 17020 Collins Ave, 33160.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Etna Catering — 16919 N Bay Rd, Sunny Isles Beach, FL 33160
    • Amaranta's Catering & Designs — 3582 NE 171 St, North Miami Beach, FL 33160
    • ReJuiceVenate — 3479 NE 163rd St, North Miami Beach, FL 33160
    • Miami Bartender Services. — 16950 N Bay Rd, Sunny Isles Beach, FL 33160
    • Personal chef calvin — 16900 N Bay Rd, Sunny Isles Beach, FL 33160

    Location Insight

    • Map
    • Local Demand
    City
    Sunny Isles Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1467
    Latitude
    25.9339

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    FAQs

    What type of property is this?
    Restaurant - Established Latin restaurant with 4COP license and loyal clientele.
    Where is this restaurant located?
    The property is located at 17020 Collins Ave Sunny Isles Beach, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Established Turnkey Latin Restaurant with 20+ Year Legacy; 4COP Liquor License Included; Strong Cash Flow from Dine‑In, Catering, and Hotel Events
    (800) 438-3973
    We can help!
    Listing Contact
    Sandra Payne
    Real Estate License ID: 3370121
    Learn More
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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.

    More about this property
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