Shell-Condition Restaurant
New
For Sale
Contact for pricing
1400 Biscayne Boulevard #CU-1, Miami, FL 33132
Ground-floor premises include a designated kitchen area and allow for a customized build-out.
Property Size4,987 SF
Price / SF$0.02
Days on Market4
Property Features for 1400 Biscayne Boulevard #CU-1
General Information
Standard status
Active
Size
4,987 SF
Property subtype
Retail
Site & Location
Neighborhood
Bayfront
Additional Details
Floor
Ground
Listing Agency:
Fortune Christie's International Real Estate
(305) 400-6393
Listed By:
Francisco Paez · License #3313511
(786) 731-8510
Source:
Lehmannflorida
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:49PM
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 is a ground-floor restaurant space with approximately 4,987 SF combining restaurant and designated kitchen areas. The premises are in shell condition, allowing the interior to be configured through a build-out. Final rentable area remains subject to verification, and improvements require separate plans, permits and approvals.
At 1400 Biscayne Boulevard in Miami’s Arts & Entertainment District, the property is near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum and Museum Park. Food and beverage service, including operation of 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 area.
At 1400 Biscayne Boulevard in Miami’s Arts & Entertainment District, the property is near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum and Museum Park. Food and beverage service, including operation of 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 area.
Key Highlights
- Approximately 4,987 SF combining restaurant and designated kitchen areas in Unit CU‑1
- Shell condition allows for a customized build‑out; improvements require separate plans, permits and approvals
- 1400 Biscayne Boulevard location 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
Current Use
Location Intelligence
Trade Area within ½ mile
17,616
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
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Cafe 701 — 701 Brickell Ave, Miami, FL 33131
- Ar Ar Ar — Miami, FL 33130
- Manila Kantina Buffet — 245 E Flagler St, Miami, FL 33131
- sanvillabuffet — 255 E Flagler St #79, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground-floor premises include a designated kitchen area and allow for a customized build-out.
Where is this conventional restaurant located?
The property is located at 1400 Biscayne Boulevard #CU-1 Miami, FL.
What are key features of this property?
This property features: Approximately 4,987 SF combining restaurant and designated kitchen areas in Unit CU‑1; Shell condition allows for a customized build‑out; improvements require separate plans, permits and approvals; 1400 Biscayne Boulevard location near the Adrienne Arsht Center, Pérez Art Museum Miami, Frost Science Museum and Museum Park
