Entertainment Bar and
For Sale
$2,395,000
2283 WILTON Drive, Wilton Manors, FL 33305
Restaurant and live entertainment venue with indoor and outdoor dining, multiple bars, and a fully equipped commercial kitchen.
Property Size6,362 SF
Price / SF$376.45
Days on Market54
Property Features for 2283 WILTON Drive
General Information
Standard status
Active
Size
6,362 SF
Property subtype
Business
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
professional entertainment stage
premium sound and lighting system
Building Details
Year Built
1958
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Joseph B Bermingham · License #653580
(561) 703-0064
Source:
Lehmannflorida
Added: Jul 25
Changed: Sep 14
Last Checked: Sep 16 at 5:28PM
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 LoKation
Investment Insights
Based on property information with market context.
The Pub on the Drive is a restaurant, bar, and live entertainment venue along Wilton Drive in Wilton Manors. The property includes two interior bars, an outdoor patio bar, indoor and outdoor dining areas, a professional entertainment stage, premium sound and lighting systems, and a fully equipped commercial kitchen. The building was constructed in 1958.
Located on Wilton Drive, the venue benefits from visibility along a South Florida entertainment and dining destination that attracts local patrons and visitors. Its combination of dining, bar, patio, stage, and production infrastructure supports a range of restaurant and entertainment operations within a single venue.
Located on Wilton Drive, the venue benefits from visibility along a South Florida entertainment and dining destination that attracts local patrons and visitors. Its combination of dining, bar, patio, stage, and production infrastructure supports a range of restaurant and entertainment operations within a single venue.
Key Highlights
- Two full‑service indoor bars
- Outdoor patio bar with indoor and outdoor dining
- Professional entertainment stage
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
$122,475
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
5.11%
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%
$2,449,500
$2.4M
Cap Rate 7%
$1,749,643
$1.7M
Cap Rate 9%
$1,360,833
$1.4M
Market Conditions
NOI Build-Up for 6,362 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
$175.6K $27.60/SF
− Vacancy
−$12.3K −$1.93/SF
EGI
$163.3K $25.67/SF
− OpEx
−$40.8K −$6.42/SF
NOI
$122.5K $19.25/SF
Area
Broward 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%
$2,449,500
Cap Rate 7%
$1,749,643
Cap Rate 9%
$1,360,833
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,475 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.82M – $3.77M
NOI $225,940 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,369
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 25%
Shops & Services 21%
Apparel 5%
Publix
Groceries
28,296 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,778 visits/mo
0.4 miles
Wells Fargo
Shops & Services
6,747 visits/mo
0.4 miles
Dairy Queen
Dining
5,611 visits/mo
0.4 miles
Chevron
Shops & Services
3,701 visits/mo
0.3 miles
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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 South region
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Similar Off Market Nearby
- Gussy's Cafe — 1721 N Andrews Ave, Fort Lauderdale, FL 33311
- The Corner Pub — 1915 N Andrews Ave, Wilton Manors, FL 33311
- Sardi Cafe Lounge — 2041 Wilton Dr, Wilton Manors, FL 33305
- Apt. 9F — 2163 Wilton Dr, Wilton Manors, FL 33305
- Myth Gastrobar — 2211 Wilton Dr, Wilton Manors, FL 33305
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant and live entertainment venue with indoor and outdoor dining, multiple bars, and a fully equipped commercial kitchen.
Where is this bar & pub located?
The property is located at 2283 WILTON Drive Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Two full‑service indoor bars; Outdoor patio bar with indoor and outdoor dining; Professional entertainment stage
