Brickell Restaurant Investment
For Sale
$850,000
Pending
200 SE 15th Rd 1S, Miami, FL 33129
850 SF restaurant space in Brickell, leased through 2025.
Property Size850 SF
Lot Size0.02 Acres
Days on Market321
Property Features for 200 SE 15th Rd 1S
General Information
Standard status
Pending
Size
850 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,944
Building Details
Building Size
850 SF
Year Built
1974
Listing Agency:
The Elaine Group, Inc.
Listed By:
Elaine Perez · License #A11984109
(786) 287-4344
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 12
Last Checked: Oct 12 at 8:56PM
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 850 square foot unit is located on the first floor in Brickell. The space is currently leased to a restaurant tenant through December 2025, providing rental income. The location offers water views upon exit, presenting a business and investment opportunity.
Key Highlights
- Prime Brickell location offers a valuable business and investment opportunity.
- Immediate rental income stream due to existing restaurant tenant.
- Lease in place through December 2025 guarantees income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,163
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,260
$803.3K
Cap Rate 7%
$573,757
$573.8K
Cap Rate 9%
$446,256
$446.3K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$54.4K $63.96/SF
− Vacancy
−$815 −$0.96/SF
EGI
$53.6K $63.00/SF
− OpEx
−$13.4K −$15.75/SF
NOI
$40.2K $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%
$803,260
Cap Rate 7%
$573,757
Cap Rate 9%
$446,256
Alternative Uses
Best Use
Specialty Retail
$573.8K
$502.0K – $669.4K
NOI $40,163 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$396.2K
$346.7K – $462.2K
NOI $27,732 @ 7.0% cap · market cap 3.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,194
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Similar Off Market Nearby
- The Lavender Chef, LLC — Miami, FL 33131
- Chelles Conch LLC — 1110 Brickell Ave, Miami, FL 33131
- Daavat Catering & Events LLC — Brickell Ave, Miami, FL 33131
- Vale Food Co — 900 S Miami Ave Suite 125, Miami, FL 33130
- Juanita's Kitchen — 855 US-1, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Restaurant - 850 SF restaurant space in Brickell, leased through 2025.
Where is this restaurant located?
The property is located at 200 SE 15th Rd 1S 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: Prime Brickell location offers a valuable business and investment opportunity.; Immediate rental income stream due to existing restaurant tenant.; Lease in place through December 2025 guarantees income.
