Italian Restaurant
For Sale
$250,000
Pending
146 GIRALDA AV, Coral Gables, FL 33134
Established restaurant premises with indoor seating and a proposed outdoor seating expansion.
Property Size1,090 SF
Days on Market3652
Property Features for 146 GIRALDA AV
General Information
Standard status
Pending
Size
1,090 SF
Property subtype
Business Opportunities
Additional Details
Seating Capacity
48
Amenities
3
Building Details
Year Built
1960
Listing Agency:
Brickell Realty Group, LLC
(786) 512-4072
Listed By:
Pittel Dominguez · License #A12041272
(786) 512-4072
Source:
Xome
Added: Aug 14, 2016
Changed: Aug 2
Last Checked: Aug 2 at 2:29AM
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 Brickell Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1,090-square-foot restaurant property in Coral Gables has operated as an Italian restaurant for more than 15 years. The existing layout accommodates 48 seats, with plans identified for an additional 30 outdoor seats. The building dates to 1960.
Located at 146 Giralda Avenue, the property is positioned within a pedestrian-oriented restaurant area. Its established restaurant history and existing seating configuration provide a defined operating framework for a food-service user.
Located at 146 Giralda Avenue, the property is positioned within a pedestrian-oriented restaurant area. Its established restaurant history and existing seating configuration provide a defined operating framework for a food-service user.
Key Highlights
- 1,090‑square‑foot restaurant property
- Italian restaurant operation extending over 15 years
- Interior seating for 48 people
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
$20,984
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
8.39%
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%
$419,680
$419.7K
Cap Rate 7%
$299,771
$299.8K
Cap Rate 9%
$233,156
$233.2K
Market Conditions
NOI Build-Up for 1,090 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
$30.1K $27.60/SF
− Vacancy
−$2.1K −$1.93/SF
EGI
$28.0K $25.67/SF
− OpEx
−$7.0K −$6.42/SF
NOI
$21.0K $19.25/SF
Area
Miami-Dade County, FL
Vacancy
7.00%
Lease Rate
$27.60 /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%
$419,680
Cap Rate 7%
$299,771
Cap Rate 9%
$233,156
Alternative Uses
Best Use
Specialty Retail
$299.8K
$262.3K – $349.7K
NOI $20,984 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.0K
$483.9K – $645.2K
NOI $38,710 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,436
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant premises with indoor seating and a proposed outdoor seating expansion.
Where is this conventional restaurant located?
The property is located at 146 GIRALDA AV Coral Gables, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,090‑square‑foot restaurant property; Italian restaurant operation extending over 15 years; Interior seating for 48 people
