Restaurant Condo with
New
For Sale
$734,900
2s-200 Se 15th Rd, Miami, FL 33129
The space is occupied by an operator under a long-term lease.
Property Size680 SF
Price / SF$1,080
Days on Market6
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Property Features for 2s-200 Se 15th Rd
General Information
Standard status
Active
Size
680 SF
Occupancy
100%
Additional Details
Equipment Included
Yes
Listing Agency:
Locqube Florida, Inc.
Listed By:
Elaine Perez · License #A11984109
(786) 287-4344
Source:
Exprealty
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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 Locqube Florida, Inc.
Investment Insights
Based on property information with market context.
This 680 SF commercial condominium is configured for restaurant use, with restaurant equipment in place. An operator currently occupies the space under a long-term lease.
The property is on 15th Rd in Brickell, Miami, where pedestrian activity is present throughout the day.
The property is on 15th Rd in Brickell, Miami, where pedestrian activity is present throughout the day.
Key Highlights
- Restaurant‑configured commercial condominium measuring ±680 SF
- Restaurant equipment is in place
- Occupied by an operator under a long‑term lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 680 SF
Gross rent
$43.5K $63.96/SF
− Vacancy
−$652 −$0.96/SF
EGI
$42.8K $63.00/SF
− OpEx
−$10.7K −$15.75/SF
NOI
$32.1K $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 Rate 5%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
Alternative Uses
Best Use
Specialty Retail
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 4.37%
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
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9,411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Sterling Group Food — 2625 SW 3rd Ave, Miami, FL 33129
- The Lavender Chef, LLC — Miami, FL 33131
- Chelles Conch LLC — 1110 Brickell Ave, Miami, FL 33131
- Daavat Catering & Events LLC — Brickell Ave, Miami, FL 33131
- Vale Food Co — 900 S Miami Ave Suite 125, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Restaurant - The space is occupied by an operator under a long-term lease.
Where is this restaurant located?
The property is located at 2s-200 Se 15th Rd Miami, FL.
What is the asking price?
The asking price for this property is $734,900.
What are key features of this property?
This property features: Restaurant‑configured commercial condominium measuring ±680 SF; Restaurant equipment is in place; Occupied by an operator under a long‑term lease
