Restaurant with Outdoor
6300 NE 4th Court, Miami, FL 33138
For Sale
New
Contact for pricing
A fitted commercial kitchen, indoor dining, and a private room support restaurant and catering operations.
Property Size11,000 SF
Price / SF$1.91
Days on Market2
Property Features for 6300 NE 4th Court
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Restaurant
Seating Capacity
Patio
Additional Details
Currently Operating
Amenities
private VIP dining room
bar
storage and washing facilities
Building Details
Year Built
Listing Agency:
One Sotheby's International Realty
Listed By:
Shawn Frechette · License #3018792
(305) 753-5561
Source:
Onesothebysrealty
Added: Nov 8
Last Checked: Nov 8 at 4:10AM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 4,000-square-foot restaurant property includes a commercial kitchen outfitted with professional cooking equipment and walk-in refrigeration. Dining areas include a private VIP room, a bar, and seating for approximately 54 guests indoors. Storage and washing facilities are also part of the property, which was built in 1962.
An outdoor courtyard adds space for dining and events, with capacity for approximately 68 additional guests. Murals, landscaping, and ambient lighting are among its features. Limited on-site parking is available. The property is in Miami’s Ironside District, minutes from Wynwood, Midtown Miami, and the Design District. A retail storefront is also available.
An outdoor courtyard adds space for dining and events, with capacity for approximately 68 additional guests. Murals, landscaping, and ambient lighting are among its features. Limited on-site parking is available. The property is in Miami’s Ironside District, minutes from Wynwood, Midtown Miami, and the Design District. A retail storefront is also available.
Key Highlights
- 4,000‑square‑foot restaurant property built in 1962
- Commercial kitchen with walk‑in refrigeration and professional cooking equipment
- Indoor seating for approximately 54 guests, plus a private dining room and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,781
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,955,620
$3.0M
Cap Rate 7%
$2,111,157
$2.1M
Cap Rate 9%
$1,642,011
$1.6M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$221.8K $20.16/SF
− Vacancy
−$10.6K −$0.97/SF
EGI
$211.1K $19.19/SF
− OpEx
−$63.3K −$5.76/SF
NOI
$147.8K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,955,620
Cap Rate 7%
$2,111,157
Cap Rate 9%
$1,642,011
Alternative Uses
Best Use
Specialty Retail
$7.43M
$6.50M – $8.66M
NOI $519,755 @ 7.0% cap · market cap 2,475.02%
Second Best
Mixed Use
$3.71M
$3.25M – $4.33M
NOI $259,875 @ 7.0% cap · market cap 1,237.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,260
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Miami, FL
Properties on Market for Mixed-use properties in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - A fitted commercial kitchen, indoor dining, and a private room support restaurant and catering operations.
Where is this mixed-use property located?
The property is located at 6300 NE 4th Court Miami, FL.
What are key features of this property?
This property features: 4,000‑square‑foot restaurant property built in 1962; Commercial kitchen with walk‑in refrigeration and professional cooking equipment; Indoor seating for approximately 54 guests, plus a private dining room and bar
