2801 NW 87th Avenue, Doral, FL 33172

Building Details

Year Built 2010 More

Listing Agency: GP Real Estate Advisors m***@gpglobalgroup.com

Listed By: Ernesto Pentenero · License #3244165 Show Phone

Source: Isaacsrealestate

Added: Oct 6 Changed: Nov 7 Last Checked: Nov 8 at 2:42PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,466-SF corner restaurant space in Doral has an existing restaurant buildout and grease trap. The property is listed as built in 2010, and its current improvements support food-and-beverage operations.

Located at 2801 NW 87th Avenue, the space fronts a corridor carrying more than 36,000 vehicles per day. El Car Wash and Anthony’s Coal Fired Pizza are adjacent, while Doral Central Park is across the avenue.

Key Highlights

• 1,466 SF corner space with an existing restaurant buildout
• Grease trap in place
• NW 87th Avenue corridor carries over 36,000 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$218,396

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,367,920 $4.4M

Cap Rate 7%

$3,119,943 $3.1M

Cap Rate 9%

$2,426,622 $2.4M

What to ask about pricing

Market Conditions

NOI Build-Up for 13,733 SF

Gross rent

$313.1K $22.80/SF

− Vacancy

−$21.9K −$1.60/SF

EGI

$291.2K $21.20/SF

− OpEx

−$72.8K −$5.30/SF

NOI

$218.4K $15.90/SF

Area

Miami-Dade County, FL

Vacancy

7.00%

Lease Rate

$22.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,367,920

Cap Rate 7%

$3,119,943

Cap Rate 9%

$2,426,622

Alternative Uses

Best Use

Specialty Retail

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,396 @ 7.0% cap · market cap 363,993.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.50M

$6.56M – $8.75M (±1% cap)

NOI $524,948 @ 7.0% cap · market cap 874,913.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Restaurant Grocery & Convenience Store Nursing Home Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36,000 VPD

Traffic count

Yes

Grease trap

Location Intelligence

Trade Area within ½ mile

3,883

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33172, FL

43,911

Population

16,103

Households

2.7

Avg Household Size

42

Median Age

32%

College-Educated

75%

High-School Grad

6.4 sq mi

ZIP Area

6,861

Density / Sq Mi

$61,733

Median Household Income

$35,061

Median Earnings

$1,926

Median Rent

$260,200

Median Home Value

Market

Average Price Trend$/SF for Conventional restaurants in Miami-Dade County, FL

$394 Jul

$349 Aug

$556 Sep

$613 Oct

Properties on Market for Conventional restaurants in Miami-Dade County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing food-service improvements include a grease trap for restaurant use.

Where is this conventional restaurant located?

The property is located at 2801 NW 87th Avenue Doral, FL.

What are key features of this property?

This property features: 1,466 SF corner space with an existing restaurant buildout; Grease trap in place; NW 87th Avenue corridor carries over 36,000 vehicles per day