Freestanding Restaurant
646 NE 79th St Miami, FL 33138
646 NE 79th St, Miami, FL, 33138
$1,299,000
For Sale
$1,299,000
Fully equipped restaurant space with commercial hood, grease trap, walk-in cooler, and gas connections.
Property Size1,836 SF
Price / SF$707.52
Days on Market148
Property Features for 646 NE 79th St
General Information
- Standard status
- Active
- Size
- 1,836 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1946
Listing agency
BHHS EWM Realty
(305) 894-6637
Listed by
Carlos Olivares · License #3051724
(305) 894-6637
Source
Xome
Added: Feb 23 Updated: Jul 21 at 5:54AM Checked: Jul 21 at 5:54AM
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.
Freestanding restaurant building currently operating as an Indian restaurant and presented as fully built-out for immediate occupancy. The space includes a commercial hood, grease trap, walk-in cooler, and gas connections, supporting a turnkey restaurant operation without requiring new core kitchen systems.
The property is positioned close to the main thoroughfare for strong visibility and brand exposure to passing traffic. Strictly confidential—please do not disturb the owner, manager, or employees. Contact the listing agent for additional details and to arrange a private showing.
The property is positioned close to the main thoroughfare for strong visibility and brand exposure to passing traffic. Strictly confidential—please do not disturb the owner, manager, or employees. Contact the listing agent for additional details and to arrange a private showing.
Key Highlights
- Freestanding restaurant building built in 1946
- Fully equipped with commercial hood, grease trap, and gas connections
- Includes a walk‑in cooler for food storage
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.4k | $63.96 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $115.7k | $63.00 |
| − OpEx | −$28.9k | −$15.75 |
| NOI | $86.8k | $47.25 |
1,836 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,752 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$352.4K
$308.3K – $411.1K
NOI $24,666 @ 7.0% cap · market cap 1.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
B&A INC
Auto Repair Shop
Swagat Indian Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully equipped restaurant space with commercial hood, grease trap, walk-in cooler, and gas connections.
Where is this conventional restaurant located?
The property is located at 646 NE 79th St Miami, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Freestanding restaurant building built in 1946; Fully equipped with commercial hood, grease trap, and gas connections; Includes a walk‑in cooler for food storage
