Freestanding Restaurant with Dedicated
For Sale
Contact for pricing
2475 S Douglas Road, Miami, FL 33145
Single-story masonry restaurant at a signalized corner with contiguous surface parking and two-street frontage.
Property Size4,582 SF
Lot Size0.43 Acres
Price / SF$650.37
Days on Market9
Property Features for 2475 S Douglas Road
General Information
Standard status
Active
Size
4,582 SF
Total Parking Spaces
27
Lot size
0.43 Acres
Property subtype
Retail
Zoning
C-1 Restricted Commercial
Occupancy
100%
Site & Location
Pylon Signage
Yes
Road Access
Yes
Building Details
Year Built
1939
Buildings
1
Stories
1
Tenancy
Single
Construction
masonry
Parking Ratio
5.89 per 1,000 SF
Listing Agency:
Cushman & Wakefield - Miami, Florida
(305) 613-4507
Listed By:
Virgilio Fernandez · License #SL3397219
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 5:25AM
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 Cushman & Wakefield - Miami, Florida
Investment Insights
Based on property information with market context.
The offering includes a 4,582-square-foot, single-story freestanding restaurant built in 1939, together with a contiguous 9,600-square-foot entitled parking parcel. Masonry construction, building and pylon signage, and 27 on-site surface parking spaces support the existing restaurant configuration. The property is operated by Feten Group Corporation under the Habana Vieja Restaurant trade name and is zoned C-1 Restricted Commercial.
The combined 0.43-acre site occupies the signalized corner of S Douglas Road, also identified as SW 37th Avenue, and SW 25th Street. The assemblage is one block from Miracle Mile and the Coral Gables central business district, with frontage on two streets and direct control of the building and parking area. The layout supports continued restaurant use as well as the owner-user and adaptive-reuse possibilities identified for the property.
The combined 0.43-acre site occupies the signalized corner of S Douglas Road, also identified as SW 37th Avenue, and SW 25th Street. The assemblage is one block from Miracle Mile and the Coral Gables central business district, with frontage on two streets and direct control of the building and parking area. The layout supports continued restaurant use as well as the owner-user and adaptive-reuse possibilities identified for the property.
Key Highlights
- 4,582 SF freestanding restaurant building with contiguous 9,600 SF parking parcel
- Combined 0.43‑acre corner assemblage at a hard signalized intersection
- 27 on‑site surface parking spaces at a ratio of 5.89/1,000 SF
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
$216,502
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
7.27%
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%
$4,330,040
$4.3M
Cap Rate 7%
$3,092,886
$3.1M
Cap Rate 9%
$2,405,578
$2.4M
Market Conditions
NOI Build-Up for 4,582 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
$293.1K $63.96/SF
− Vacancy
−$4.4K −$0.96/SF
EGI
$288.7K $63.00/SF
− OpEx
−$72.2K −$15.75/SF
NOI
$216.5K $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 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%
$4,330,040
Cap Rate 7%
$3,092,886
Cap Rate 9%
$2,405,578
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.71M – $3.61M
NOI $216,502 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-story masonry restaurant at a signalized corner with contiguous surface parking and two-street frontage.
Where is this conventional restaurant located?
The property is located at 2475 S Douglas Road Miami, FL.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 4,582 SF freestanding restaurant building with contiguous 9,600 SF parking parcel; Combined 0.43‑acre corner assemblage at a hard signalized intersection; 27 on‑site surface parking spaces at a ratio of 5.89/1,000 SF
