Turnkey Restaurant Space for
For Sale
Contact for pricing
10951 NW 27th Ave, Miami, FL 33167
Restaurant space with turnkey setup on a busy street, directly across from Miami Dade College.
Property Size11,250 SF
Price / SF$0.31
Days on Market288
Property Features for 10951 NW 27th Ave
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Income/MultiFamily
Taxes and HOA fees
Annual Taxes
$8,448
Building Details
Building Size
11,250 SF
Year Built
1967
Listing Agency:
Renters Paradise Realty
Listed By:
Francis Jacob · License #0569854
(770) 380-4021
Source:
Casacollectiongroup
Added: Jan 9
Changed: Oct 17
Last Checked: Oct 23 at 3:35PM
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 Renters Paradise Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Turnkey restaurant space is available for lease on a busy northwest street in North Miami, directly across from Miami Dade College. The space is described as easy to operate and suited for a range of restaurant formats.
The offering highlights strong daily activity and excellent visibility along a main road, with foot traffic generated by students and nearby businesses. The layout and setup are positioned for dine-in, takeout, or delivery operations.
Suitable for multiple food concepts, this space provides strong exposure on a high-traffic corridor serving both the college population and surrounding commercial activity.
The offering highlights strong daily activity and excellent visibility along a main road, with foot traffic generated by students and nearby businesses. The layout and setup are positioned for dine-in, takeout, or delivery operations.
Suitable for multiple food concepts, this space provides strong exposure on a high-traffic corridor serving both the college population and surrounding commercial activity.
Key Highlights
- Restaurant space for lease on a busy northwest street in North Miami
- Located directly across from Miami Dade College
- Turnkey restaurant setup for easy operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$531,568
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,631,360
$10.6M
Cap Rate 7%
$7,593,829
$7.6M
Cap Rate 9%
$5,906,311
$5.9M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$719.6K $63.96/SF
− Vacancy
−$10.8K −$0.96/SF
EGI
$708.8K $63.00/SF
− OpEx
−$177.2K −$15.75/SF
NOI
$531.6K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,631,360
Cap Rate 7%
$7,593,829
Cap Rate 9%
$5,906,311
Alternative Uses
Best Use
Specialty Retail
$7.59M
$6.64M – $8.86M
NOI $531,568 @ 7.0% cap · market cap 15,187.66%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33167, FL
19,142
Population
6,978
Households
2.7
Avg Household Size
40
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$59,494
Median Household Income
$31,555
Median Earnings
$1,345
Median Rent
$341,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with turnkey setup on a busy street, directly across from Miami Dade College.
Where is this conventional restaurant located?
The property is located at 10951 NW 27th Ave Miami, FL.
What are key features of this property?
This property features: Restaurant space for lease on a busy northwest street in North Miami; Located directly across from Miami Dade College; Turnkey restaurant setup for easy operation
