Raw-Shell Restaurant
New
For Sale
Contact for pricing
1018 N Miami Beach Blvd, North Miami Beach, FL 33162
MU/IB zoning and a rear kitchen are among the defining features of this restaurant property.
Property Size2,300 SF
Price / SF$2.72
Days on Market7
Property Features for 1018 N Miami Beach Blvd
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Restaurant/Entertainment
Zoning
MU/IB
Site & Location
Neighborhood
Cakegrove
Traffic Count
55,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Parcel Number: 07-22-17-034-0010, Public Survey Range: 22, Public Survey Section: 17, Public Survey Township: 22, Annual Amount: $53,632, Legal Description: AUBNET SUB CORR PLAT PB 91-66 TRACT A & 20FT ALLEY LYG SWLY & ADJ CLOSED PER R-93-17 LOT SIZE 21129 SQ FT OR 19738-2104 0601 6 (3) COC 22905, Zoning: MU/IB
Listing ID: A12115683, Standard Status: Active, MLS Status: Active, Property Subtype: Restaurant/Entertainment, On market as of 2026-10-30, Special Conditions: Lease
Built in 1971, Living area units: Square Feet, 1 building, 1 storey
County/Parish: Miami-Dade County
Leasable area: 2300, Leasable area units: Square Feet
Building Details
Year Built
1971
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Pinto · License #3313310
(305) 570-2600
Source:
Riserealty
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 4 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APEX Capital Realty LLC
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Investment Insights
Based on property information with market context.
This approximately 2,300-SF restaurant space is configured with a rear kitchen, a large dining area, two storage rooms and a water fountain. Three entrances provide access at the front, back and side. The raw-shell condition and layout are described as suitable for a first-generation restaurant. The building dates to 1971, and the property is zoned MU/IB (General Business).
The property is at 1018 N Miami Beach Blvd in North Miami Beach, on the NE 163rd Street commercial corridor. Reported traffic is 55,500 AADT. Access to SR 826 is immediate, while I-95 is about eight minutes away. Nearby retailers include Walmart, The Home Depot, Lowe's, Publix and ALDI.
The property is at 1018 N Miami Beach Blvd in North Miami Beach, on the NE 163rd Street commercial corridor. Reported traffic is 55,500 AADT. Access to SR 826 is immediate, while I-95 is about eight minutes away. Nearby retailers include Walmart, The Home Depot, Lowe's, Publix and ALDI.
Key Highlights
- Approximately 2,300 +/- SF restaurant space
- Raw‑shell layout with a rear kitchen and large dining area
- Two storage rooms, one water fountain and three entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,277
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,540
$885.5K
Cap Rate 7%
$632,529
$632.5K
Cap Rate 9%
$491,967
$492.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$63.5K $27.60/SF
− Vacancy
−$4.4K −$1.93/SF
EGI
$59.0K $25.67/SF
− OpEx
−$14.8K −$6.42/SF
NOI
$44.3K $19.25/SF
Area
Miami-Dade 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 Rate 5%
$885,540
Cap Rate 7%
$632,529
Cap Rate 9%
$491,967
Alternative Uses
Best Use
Specialty Retail
$632.5K
$553.5K – $738.0K
NOI $44,277 @ 7.0% cap · market cap 708.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,682 @ 7.0% cap · market cap 1,306.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
55,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - MU/IB zoning and a rear kitchen are among the defining features of this restaurant property.
Where is this conventional restaurant located?
The property is located at 1018 N Miami Beach Blvd North Miami Beach, FL.
What are key features of this property?
This property features: Approximately 2,300 +/- SF restaurant space; Raw‑shell layout with a rear kitchen and large dining area; Two storage rooms, one water fountain and three entrances
