Argentinian Restaurant
1960 NE 123rd, North Miami Beach, FL 33181
For Sale
$195,000
The sale includes restaurant equipment, furnishings, inventory, and the operating trade name.
Property Size864 SF
Price / SF$225.69
Days on Market65
Property Features for 1960 NE 123rd
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Business Included
Equipment Included
Listing Agency:
Macken Realty Inc
(305) 933-3800
Listed By:
Hernan Dario Colonnese · License #3605042
(305) 509-2095
Source:
Wycliffecommunityrealty
Added: Sep 4
Changed: Nov 7
Last Checked: Nov 7 at 1:55PM
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 Macken Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant business centers on an Argentinian food concept and is offered with its equipment, furniture, fixtures, inventory, and trade name. The existing lease runs through December 31, 2027, and includes two additional three-year renewal options.
Key Highlights
- Business sale includes equipment, furniture, fixtures, inventory, and trade name
- Existing lease runs through December 31, 2027
- Two additional 3‑year lease renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,633
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,660
$332.7K
Cap Rate 7%
$237,614
$237.6K
Cap Rate 9%
$184,811
$184.8K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$23.8K $27.60/SF
− Vacancy
−$1.7K −$1.93/SF
EGI
$22.2K $25.67/SF
− OpEx
−$5.5K −$6.42/SF
NOI
$16.6K $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 Rate 5%
$332,660
Cap Rate 7%
$237,614
Cap Rate 9%
$184,811
Alternative Uses
Best Use
Specialty Retail
$237.6K
$207.9K – $277.2K
NOI $16,633 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.3K
$383.6K – $511.4K
NOI $30,684 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33181, FL
20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Miami-Dade County, FL
Properties on Market for Conventional restaurants in Miami-Dade County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes restaurant equipment, furnishings, inventory, and the operating trade name.
Where is this conventional restaurant located?
The property is located at 1960 NE 123rd North Miami Beach, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Business sale includes equipment, furniture, fixtures, inventory, and trade name; Existing lease runs through December 31, 2027; Two additional 3‑year lease renewal options
