Live Entertainment Bar
For Sale
$2,395,000
2283 WILTON Drive, Wilton Manors, FL
Business Opportunity, Wilton Manors, FL
Property Size6,362 SF
Price / SF$376.45
Days on Market52
Property Features for 2283 WILTON Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A & E DISTRICT
Parking features
On Street
Subdivision
3370
Standard status
Active
APN
494226052100
Size
6,362 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WILTON MANORS UNIT 1 AMD PLAT 15-1 B PT OF LOT 20 F/P/A LOT 17,18 BLK 63
Tax Annual Amount
38405
Legal Description
WILTON MANORS UNIT 1 AMD PLAT 15-1 B PT OF LOT 20 F/P/A LOT 17,18 BLK 63
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Flooring type
Tile
Building materials
CBS, Concrete
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Joseph B Bermingham · License #653580
(561) 703-0064
Added: Jul 25
Changed: Sep 14
Last Checked: Sep 14 at 9:06AM
MLS# B26057386
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This business-only offering includes an established bar and live entertainment operation occupying approximately 6,000 square feet. The layout combines two indoor bars with an additional patio bar, indoor and outdoor dining areas, a performance stage, sound and lighting equipment, and a fully equipped commercial kitchen. The building itself is not included in the sale.
The business is located at 2283 WILTON Drive in Wilton Manors, Broward County, Florida. Property details include tile flooring, central heating and air conditioning, ceiling fans, on-street parking, public water and sewer, and available electricity. The underlying property is identified within the A & E DISTRICT zoning designation.
The business is located at 2283 WILTON Drive in Wilton Manors, Broward County, Florida. Property details include tile flooring, central heating and air conditioning, ceiling fans, on-street parking, public water and sewer, and available electricity. The underlying property is identified within the A & E DISTRICT zoning designation.
Key Highlights
- Business sale only; building is excluded
- Approximately 6,000 square feet of operating space
- Two indoor bars plus an outdoor patio bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,449,500
$2.4M
Cap Rate 7%
$1,749,643
$1.7M
Cap Rate 9%
$1,360,833
$1.4M
Market Conditions
NOI Build-Up for 6,362 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$175.6K $27.60/SF
− Vacancy
−$12.3K −$1.93/SF
EGI
$163.3K $25.67/SF
− OpEx
−$40.8K −$6.42/SF
NOI
$122.5K $19.25/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,449,500
Cap Rate 7%
$1,749,643
Cap Rate 9%
$1,360,833
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,475 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$981.2K
$858.5K – $1.14M
NOI $68,682 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$3.23M
$2.82M – $3.77M
NOI $225,940 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,369
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 25%
Shops & Services 21%
Apparel 5%
Publix
Groceries
28,296 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,778 visits/mo
0.4 miles
Wells Fargo
Shops & Services
6,747 visits/mo
0.4 miles
Dairy Queen
Dining
5,611 visits/mo
0.4 miles
Chevron
Shops & Services
3,701 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar business with multiple service areas, patio seating, stage infrastructure, and a commercial kitchen.
Where is this bar & pub located?
The property is located at 2283 WILTON Drive Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Business sale only; building is excluded; Approximately 6,000 square feet of operating space; Two indoor bars plus an outdoor patio bar
