Ground-Floor Conventional
For Sale
$1,499,000
3000 Coral Way #CU-4, Miami, FL 33145
Operating restaurant space includes outdoor seating, storage, and two bathrooms.
Property Size2,106 SF
Days on Market51
Property Features for 3000 Coral Way #CU-4
General Information
Standard status
Active
Size
2,106 SF
Total Parking Spaces
3
Zoning
6100
Additional Details
Floor
Ground
Amenities
OUTDOOR SEATING
TWO BATHROOMS
STORAGE
COVERED GUEST PARKING
Building Details
Building Size
2,106 SF
Year Built
2003
Buildings
1
Tenancy
Single
Listing Agency:
Morgan Whitney Inc
Listed By:
Jackeline Londono · License #0661728
(305) 345-3738
Source:
Laerrealty
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 20 at 6:03PM
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 Morgan Whitney Inc
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Investment Insights
Based on property information with market context.
This 2,106-square-foot restaurant occupies the ground floor of a residential building and is currently leased to an operating sushi restaurant. The space includes outdoor seating, two bathrooms, and dedicated storage, with the existing restaurant use providing an established operating setup.
The property is located on Coral Way, with proximity to Brickell, Coconut Grove, and Coral Gables. The sale includes three parking spaces, along with access to covered guest parking. Built in 2003, the property combines a restaurant configuration with a location serving several established Miami-area districts.
The property is located on Coral Way, with proximity to Brickell, Coconut Grove, and Coral Gables. The sale includes three parking spaces, along with access to covered guest parking. Built in 2003, the property combines a restaurant configuration with a location serving several established Miami-area districts.
Key Highlights
- 2,106 SF ground‑floor restaurant space
- Currently leased to an operating sushi restaurant
- Outdoor seating area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,509
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,180
$2.0M
Cap Rate 7%
$1,421,557
$1.4M
Cap Rate 9%
$1,105,656
$1.1M
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$134.7K $63.96/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$132.7K $63.00/SF
− OpEx
−$33.2K −$15.75/SF
NOI
$99.5K $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 Rate 5%
$1,990,180
Cap Rate 7%
$1,421,557
Cap Rate 9%
$1,105,656
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,509 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$981.6K
$858.9K – $1.15M
NOI $68,710 @ 7.0% cap · market cap 4.58%
Theoretical Best
—
—
same as Best Use
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
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,173
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant space includes outdoor seating, storage, and two bathrooms.
Where is this conventional restaurant located?
The property is located at 3000 Coral Way #CU-4 Miami, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 2,106 SF ground‑floor restaurant space; Currently leased to an operating sushi restaurant; Outdoor seating area included
