Restaurant Building with
For Sale
Contact for pricing
2129 NW 1ST CT NW 1st Ct, Miami, FL 33127
A freestanding, two-level venue includes private rooms, a kitchen, restrooms, and adjoining outdoor land.
Property Size15,961 SF
Price / SF$0.00
Days on Market8
Property Features for 2129 NW 1ST CT NW 1st Ct
General Information
Standard status
Active
Size
15,961 SF
Property subtype
Restaurant/Entertainment
Site & Location
Neighborhood
Wynwood Industrial District
Additional Details
Liquor License
No
Taxes and HOA fees
Annual Taxes
$30,674
Building Details
Building Size
15,961 SF
Buildings
1
Stories
2
Listing Agency:
Miami Style Realty LLC
Listed By:
Rene Morales · License #3520161
Source:
Allyandaj
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 4 at 8:00PM
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 Miami Style Realty LLC
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Investment Insights
Based on property information with market context.
This freestanding restaurant property in Miami’s Wynwood Arts District contains 15,961 square feet across two levels. The interior includes a double-height hall, mezzanine, private rooms, kitchen, and restrooms, with approximately 7,600 square feet of outdoor land included in the offering.
An existing seating warrant relates to on-premises alcohol service for the outdoor area. A City of Miami alcohol reservation letter references a proposed 4COP license; no 4COP license is held or included, and alcohol sales require applicable licenses and approvals.
An existing seating warrant relates to on-premises alcohol service for the outdoor area. A City of Miami alcohol reservation letter references a proposed 4COP license; no 4COP license is held or included, and alcohol sales require applicable licenses and approvals.
Key Highlights
- 15,961‑square‑foot, two‑level freestanding building
- Approximately 7,600 square feet of outdoor land included
- Double‑height hall and mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$754,164
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,083,280
$15.1M
Cap Rate 7%
$10,773,771
$10.8M
Cap Rate 9%
$8,379,600
$8.4M
Market Conditions
NOI Build-Up for 15,961 SF
Gross rent
$1.02M $63.96/SF
− Vacancy
−$15.3K −$0.96/SF
EGI
$1.01M $63.00/SF
− OpEx
−$251.4K −$15.75/SF
NOI
$754.2K $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%
$15,083,280
Cap Rate 7%
$10,773,771
Cap Rate 9%
$8,379,600
Alternative Uses
Best Use
Specialty Retail
$10.77M
$9.43M – $12.57M
NOI $754,164 @ 7.0% cap · market cap 1,256,940.00%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,105
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 Miami, FL
Similar Off Market Nearby
- Food trucks — 192 NE 32nd St, Miami, FL 33137
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A freestanding, two-level venue includes private rooms, a kitchen, restrooms, and adjoining outdoor land.
Where is this conventional restaurant located?
The property is located at 2129 NW 1ST CT NW 1st Ct Miami, FL.
What are key features of this property?
This property features: 15,961‑square‑foot, two‑level freestanding building; Approximately 7,600 square feet of outdoor land included; Double‑height hall and mezzanine
