Restaurant and Bar For
For Sale
$1,950,000
2491 SW 147, Miami, FL 33185
For sale restaurant and bar property in Miami-Dade County, listed with a commercial real estate designation.
Property Size1,800 SF
Days on Market255
Property Features for 2491 SW 147
General Information
Standard status
Active
Size
1,800 SF
Zoning
9000
Taxes and HOA fees
Annual Taxes
$2,814
Building Details
Building Size
1,800 SF
Year Built
2000
Listing Agency:
Realtor City Corp
(305) 763-6165
Listed By:
Liselotte Seer
(305) 763-6165
Source:
Evrealestate
Added: Dec 12, 2025
Changed: Aug 12
Last Checked: Aug 23 at 4:02AM
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 Realtor City Corp
Investment Insights
Based on property information with market context.
This listing offers a commercial real estate property classified as a restaurant and bar. The property is available for sale under the provided transaction terms, with public remarks identifying Miami-Dade County.
The address for the property is 2491 SW 147, Miami, FL 33185. Beyond the asset type and transaction status, no additional physical, operational, or tenant details were provided in the supplied information.
Interested parties should review the full offering materials for specifics on layout, condition, and any income or lease considerations, as those details are not included here.
The address for the property is 2491 SW 147, Miami, FL 33185. Beyond the asset type and transaction status, no additional physical, operational, or tenant details were provided in the supplied information.
Interested parties should review the full offering materials for specifics on layout, condition, and any income or lease considerations, as those details are not included here.
Key Highlights
- Restaurant and bar property for sale in Miami‑Dade County
- Year built: 2000
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
$85,051
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
4.36%
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%
$1,701,020
$1.7M
Cap Rate 7%
$1,215,014
$1.2M
Cap Rate 9%
$945,011
$945.0K
Market Conditions
NOI Build-Up for 1,800 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
$115.1K $63.96/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$113.4K $63.00/SF
− OpEx
−$28.4K −$15.75/SF
NOI
$85.1K $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%
$1,701,020
Cap Rate 7%
$1,215,014
Cap Rate 9%
$945,011
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,051 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33185, FL
28,819
Population
9,227
Households
3.1
Avg Household Size
42
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
4,177
Density / Sq Mi
$107,146
Median Household Income
$54,268
Median Earnings
$2,769
Median Rent
$496,700
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.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - For sale restaurant and bar property in Miami-Dade County, listed with a commercial real estate designation.
Where is this bar & pub located?
The property is located at 2491 SW 147 Miami, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Restaurant and bar property for sale in Miami‑Dade County; Year built: 2000
