Ground-Floor Restaurant
For Sale
$1,499,000
3000 Coral Way CU-4, Miami, FL 33145
Operating restaurant premises with outdoor seating, storage, and customer parking.
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
Property subtype
Business
Additional Details
Floor
Ground
Amenities
Two Bathrooms
Storage
Building Details
Building Size
2,106 SF
Year Built
2003
Tenancy
Single
Listing Agency:
Morgan Whitney Inc
Listed By:
Jackeline Londono · License #0661728
(305) 345-3738
Source:
Silverleafrealtygroup
Added: Sep 1
Changed: Oct 18
Last Checked: Oct 21 at 4:08AM
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 property occupies the ground level of a residential building completed in 2003. The premises are currently leased and operating as a sushi restaurant, with two bathrooms, storage space, and an area for outdoor seating. Three parking spaces are included with the property, along with access to covered guest parking.
The property is located at 3000 Coral Way Cu-4 in Miami, with proximity to Brickell, Coconut Grove, and Coral Gables. Its existing restaurant configuration and current operation provide a clearly defined commercial use within a mixed residential setting.
The property is located at 3000 Coral Way Cu-4 in Miami, with proximity to Brickell, Coconut Grove, and Coral Gables. Its existing restaurant configuration and current operation provide a clearly defined commercial use within a mixed residential setting.
Key Highlights
- 2,106‑square‑foot ground‑floor restaurant property
- Currently leased and operating as a 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 premises with outdoor seating, storage, and customer parking.
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‑square‑foot ground‑floor restaurant property; Currently leased and operating as a sushi restaurant; Outdoor seating area included
