First-Floor Restaurant
1s-200 Se 15th Rd Miami, FL 33129
For Sale
$850,000
Pending
First-floor restaurant unit with water views upon exit and a current restaurant lease through December 2025.
Property Size850 SF
Days on Market413
Property Features for 1s-200 Se 15th Rd
General Information
Standard status
Pending
Size
850 SF
Listing Agency:
The Elaine Group, Inc.
(786) 287-4344
Listed By:
Elaine Perez · License #A11984109
(786) 287-4344
Source:
Exprealty
Added: Jun 13, 2025
Changed: Jul 26
Last Checked: Jul 29 at 5:55PM
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 The Elaine Group, Inc.
Investment Insights
Based on property information with market context.
This first-floor restaurant suite offers approximately 850 square feet of space in Brickell, with tranquil water views upon exit. The unit is currently leased to a restaurant tenant through December 2025, providing immediate rental income.
The space is positioned for day-to-day restaurant use and is available for purchase as an income-producing asset while the existing lease remains in place.
Buyers should note the current occupancy and lease term ending in December 2025 when planning for future use or business transition.
The space is positioned for day-to-day restaurant use and is available for purchase as an income-producing asset while the existing lease remains in place.
Buyers should note the current occupancy and lease term ending in December 2025 when planning for future use or business transition.
Key Highlights
- 850 sq. ft. first‑floor restaurant unit in the heart of Brickell
- Water views upon exit from the unit
- Currently leased to a restaurant tenant through December 2025
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $63.96 |
| − Vacancy | −$815 | −$0.96 |
| EGI | $53.6k | $63.00 |
| − OpEx | −$13.4k | −$15.75 |
| NOI | $40.2k | $47.25 |
850 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$573.8K
$502.0K – $669.4K
NOI $40,163 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Cafe 701 — 701 Brickell Ave, Miami, FL 33131
- Ar Ar Ar — Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor restaurant unit with water views upon exit and a current restaurant lease through December 2025.
Where is this conventional restaurant located?
The property is located at 1s-200 Se 15th Rd Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 850 sq. ft. first‑floor restaurant unit in the heart of Brickell; Water views upon exit from the unit; Currently leased to a restaurant tenant through December 2025
