Restaurant Space in Shell
New
For Sale
Contact for pricing
1400 Biscayne Blvd Unit CU-1, Miami, FL 33132
The ground-floor unit combines restaurant and designated kitchen areas, allowing for a tailored build-out.
Property Size4,987 SF
Price / SF$0.02
Days on Market4
Property Features for 1400 Biscayne Blvd Unit CU-1
General Information
Standard status
Active
Size
4,987 SF
Property subtype
Retail
Site & Location
Neighborhood
Omni/Pac
Additional Details
Floor
Ground
Amenities
Square Feet: 75872
Parcel Number: 01-32-31-033-0010, Tax Legal Description: 3 53 42 A S C TRACT PB 89-21 PARCEL A & LOT 7 BLK 1 OF PB 4- 147 LESS BEG SW COR OF LOT 7 TH N150.04FT S 88 DEG W 174.86FT N104.65FT N 88 DE
Business Type: Retail Space, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 24, Features: Valet
Building Name: Casa Bella Residences
County Or Parish: Miami-Dade County, Unit Number: CU-1
Leasable Area Units: Square Feet, Leasable Area: 4987
Listing Agency:
Fortune Christie's International Real Estate
(305) 400-6393
Listed By:
Francisco Paez · License #3313511
(786) 731-8510
Source:
Riserealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:19PM
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 Fortune Christie's International Real Estate
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Investment Insights
Based on property information with market context.
Unit CU-1 at CasaBella Residences by B&B Italia offers approximately 4,987 SF of combined restaurant and designated kitchen area in shell condition. The ground-floor space is suited to a customized build-out; final rentable area remains subject to verification, and improvements require separate plans, permits, and approvals.
The property is at 1400 Biscayne Boulevard in Miami’s Arts & Entertainment District, near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum, and Museum Park. A possible food and beverage service arrangement at the Level 11 pool bar lounge may be explored, subject to confirmation and a separate agreement with the residential association. The lounge is not part of the stated unit area.
The property is at 1400 Biscayne Boulevard in Miami’s Arts & Entertainment District, near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum, and Museum Park. A possible food and beverage service arrangement at the Level 11 pool bar lounge may be explored, subject to confirmation and a separate agreement with the residential association. The lounge is not part of the stated unit area.
Key Highlights
- Approximately 4,987 SF of combined restaurant and designated kitchen area
- Ground‑floor Unit CU‑1 is delivered in shell condition
- Near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum, and Museum Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,712,760
$4.7M
Cap Rate 7%
$3,366,257
$3.4M
Cap Rate 9%
$2,618,200
$2.6M
Market Conditions
NOI Build-Up for 4,987 SF
Gross rent
$319.0K $63.96/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$314.2K $63.00/SF
− OpEx
−$78.5K −$15.75/SF
NOI
$235.6K $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%
$4,712,760
Cap Rate 7%
$3,366,257
Cap Rate 9%
$2,618,200
Alternative Uses
Best Use
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $235,638 @ 7.0% cap · market cap 214,216.36%
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
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
4,307
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The ground-floor unit combines restaurant and designated kitchen areas, allowing for a tailored build-out.
Where is this conventional restaurant located?
The property is located at 1400 Biscayne Blvd Unit CU-1 Miami, FL.
What are key features of this property?
This property features: Approximately 4,987 SF of combined restaurant and designated kitchen area; Ground‑floor Unit CU‑1 is delivered in shell condition; Near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum, and Museum Park
