Restaurant
For Sale
Contact for pricing
1427 E Alton Rd # 1427, Miami Beach, FL 33139
The 1,175-square-foot space is suited to restaurant use.
Property Size1,175 SF
Price / SF$4.26
Days on Market149
Property Features for 1427 E Alton Rd # 1427
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Restaurant/Entertainment
Building Details
Building Size
1,175 SF
Listing Agency:
Business Unlimited Realty
Listed By:
Raul Gil · License #3257833
(786) 346-2440
Source:
Emporiore
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 27 at 3:49AM
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 Business Unlimited Realty
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Investment Insights
Based on property information with market context.
This 1,175-square-foot commercial space is classified as a conventional restaurant property. The listing also identifies retail and office use as possible applications.
Located at 1427 E Alton Rd in Miami Beach, the space offers a compact footprint for a restaurant, retail, or office operation.
Located at 1427 E Alton Rd in Miami Beach, the space offers a compact footprint for a restaurant, retail, or office operation.
Key Highlights
- 1,175‑square‑foot space
- Listing identifies restaurant, retail, and office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,868
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,360
$397.4K
Cap Rate 7%
$283,829
$283.8K
Cap Rate 9%
$220,756
$220.8K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$31.0K $26.40/SF
− Vacancy
−$2.6K −$2.24/SF
EGI
$28.4K $24.16/SF
− OpEx
−$8.5K −$7.25/SF
NOI
$19.9K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,360
Cap Rate 7%
$283,829
Cap Rate 9%
$220,756
Alternative Uses
Best Use
Specialty Retail
$323.1K
$282.8K – $377.0K
NOI $22,620 @ 7.0% cap · market cap 452.40%
Second Best
Retail
$283.8K
$248.4K – $331.1K
NOI $19,868 @ 7.0% cap · market cap 397.36%
Theoretical Best
Office A
$596.1K
$521.6K – $695.5K
NOI $41,729 @ 7.0% cap · market cap 834.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,980
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
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 South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The 1,175-square-foot space is suited to restaurant use.
Where is this conventional restaurant located?
The property is located at 1427 E Alton Rd # 1427 Miami Beach, FL.
What are key features of this property?
This property features: 1,175‑square‑foot space; Listing identifies restaurant, retail, and office use
