Turnkey Restaurant
For Sale
$750,000
13704 SW 56th St, Miami, FL 33175
Established Kami Koi restaurant offered turnkey with existing build-out, furniture, fixtures, and equipment for continued operations.
Property Size3,615 SF
Price / SF$207.47
Days on Market54
Property Features for 13704 SW 56th St
General Information
Standard status
Active
Size
3,615 SF
Property subtype
Business Opportunity
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1994
Listing Agency:
Power One Real Estate Services, Inc.
Listed By:
Ricardo F Rodriguez · License #3268350
(786) 486-2188
Source:
Thepennteam
Added: Jul 29
Changed: Sep 16
Last Checked: Sep 20 at 10:00AM
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 Power One Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Turnkey restaurant business for sale featuring an established concept and functional restaurant layout with dining and service areas designed for day-to-day operations. The business sale includes the restaurant’s existing build-out along with furniture, fixtures, and equipment, supporting a smooth handoff for a new owner-operator or an experienced restaurateur.
Built in 1994, the restaurant is located at 13704 SW 56th Street, Miami, FL 33175. The space is set up to support guest dining and efficient service operations, with the customer experience geared toward ongoing, in-place operations.
This offering is well suited for continuing the current concept or adapting the space for a new culinary vision within the same restaurant footprint.
Built in 1994, the restaurant is located at 13704 SW 56th Street, Miami, FL 33175. The space is set up to support guest dining and efficient service operations, with the customer experience geared toward ongoing, in-place operations.
This offering is well suited for continuing the current concept or adapting the space for a new culinary vision within the same restaurant footprint.
Key Highlights
- Established restaurant business: Kami Koi
- Turnkey sale includes existing build‑out, furniture, fixtures, and equipment
- Functional dining and service layout designed for efficient operations
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
$63,541
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
8.47%
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%
$1,270,820
$1.3M
Cap Rate 7%
$907,729
$907.7K
Cap Rate 9%
$706,011
$706.0K
Market Conditions
NOI Build-Up for 3,615 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
$91.1K $25.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$84.7K $23.44/SF
− OpEx
−$21.2K −$5.86/SF
NOI
$63.5K $17.58/SF
Area
ZIP 33175
Vacancy
7.00%
Lease Rate
$25.20 /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%
$1,270,820
Cap Rate 7%
$907,729
Cap Rate 9%
$706,011
Alternative Uses
Best Use
Specialty Retail
$907.7K
$794.3K – $1.06M
NOI $63,541 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,383 @ 7.0% cap · market cap 17.12%
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
979
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33175, FL
52,950
Population
17,787
Households
3
Avg Household Size
47
Median Age
31%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
6,703
Density / Sq Mi
$79,711
Median Household Income
$40,159
Median Earnings
$1,943
Median Rent
$456,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established Kami Koi restaurant offered turnkey with existing build-out, furniture, fixtures, and equipment for continued operations.
Where is this conventional restaurant located?
The property is located at 13704 SW 56th St Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Established restaurant business: Kami Koi; Turnkey sale includes existing build‑out, furniture, fixtures, and equipment; Functional dining and service layout designed for efficient operations
