Turnkey Restaurant Opportunity on
For Sale
$995,000
6330 Miramar Pkwy, Miramar, FL 33023
Freestanding restaurant with equipment, license, parking, and patio.
Property Size2,260 SF
Lot Size0.31 Acres
Days on Market166
Property Features for 6330 Miramar Pkwy
General Information
Standard status
Active
Size
2,260 SF
Lot size
0.31 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,969
Building Details
Building Size
2,260 SF
Year Built
1962
Stories
1
Listing Agency:
BHHS EWM Realty
(305) 978-8470
Listed By:
Justin Trujillo · License #3437884
(305) 978-8470
Source:
Elliman
Added: Mar 10
Changed: Aug 22
Last Checked: Aug 22 at 9:54AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This is a turnkey restaurant opportunity in a free-standing building located on Miramar Parkway. The former restaurant includes all equipment and a beer & wine license, making it ready for immediate operation. The property is situated on a 13,600 sq ft parcel and features private parking and a covered patio. It offers excellent visibility and frontage on one of Miramar’s busiest corridors. The location is surrounded by dense residential and commercial development with strong traffic counts, making it ideal for a new restaurant, lounge, or café concept looking to establish a presence in a high-growth area.
Key Highlights
- Turnkey restaurant with all equipment included for immediate operation.
- Includes a valuable beer & wine license.
- Excellent visibility and frontage on Miramar Parkway.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,472,440
$1.5M
Cap Rate 7%
$1,051,743
$1.1M
Cap Rate 9%
$818,022
$818.0K
Market Conditions
NOI Build-Up for 2,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.9K $44.64/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$98.2K $43.43/SF
− OpEx
−$24.5K −$10.86/SF
NOI
$73.6K $32.58/SF
Area
Miramar, FL
Vacancy
2.70%
Lease Rate
$44.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,472,440
Cap Rate 7%
$1,051,743
Cap Rate 9%
$818,022
Alternative Uses
Best Use
Specialty Retail
$1.05M
$920.3K – $1.23M
NOI $73,622 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,641
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant with equipment, license, parking, and patio.
Where is this conventional restaurant located?
The property is located at 6330 Miramar Pkwy Miramar, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey restaurant with all equipment included for immediate operation.; Includes a valuable beer & wine license.; Excellent visibility and frontage on Miramar Parkway.
