Equipped Commercial Kitchen
7188 SW 47th Street, Miami, FL 33155
For Sale
$750,000
Under Contract
Commercial Sale, Miami, FL
Property Size1,470 SF
Price / SF$510.20
Days on Market525
Property Features for 7188 SW 47th Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Listing Agency:
RE/MAX Select Group · RE/MAX International
(954) 368-8000
Listed By:
Michael Eisner · License FL #3124590
(904) 840-1900
Added: Jun 6, 2025
Changed: Oct 8
Last Checked: Nov 12 at 4:06PM
MLS# F10508405
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,470-square-foot commercial condominium is configured for food production and preparation. The property includes a 12-foot hood system, grease trap, multiple gas convection ovens and stoves, two- and three-door coolers and freezers, and an 8-by-8 walk-in cooler. Stainless steel work surfaces, a three-compartment sink, food pans, and small wares are also included. Three-phase power and a tankless water heater support the kitchen setup. The unit has concrete flooring, central air, block construction, assigned parking, and guest parking.
Built in 1985, the property is served by public water and carries zoning designation 7100. It is located at 7188 SW 47th Street in Miami, Florida, with a stated two-minute drive to expressway 826. The commercial condominium provides a dedicated setting for food-related operations within Miami-Dade County.
Built in 1985, the property is served by public water and carries zoning designation 7100. It is located at 7188 SW 47th Street in Miami, Florida, with a stated two-minute drive to expressway 826. The commercial condominium provides a dedicated setting for food-related operations within Miami-Dade County.
Key Highlights
- 1,470 SF commercial condominium
- 12' hood system with grease trap
- 8 X 8 walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,981
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,620
$479.6K
Cap Rate 7%
$342,586
$342.6K
Cap Rate 9%
$266,456
$266.5K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$29.6K $20.16/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$28.2K $19.19/SF
− OpEx
−$4.2K −$2.88/SF
NOI
$24.0K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,620
Cap Rate 7%
$342,586
Cap Rate 9%
$266,456
Alternative Uses
Best Use
Specialty Retail
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 9.26%
Second Best
Warehouse
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 3.20%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
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Market
Average Price Trend$/SF for Commercial kitchens in Miami, FL
Properties on Market for Commercial kitchens in Miami
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Food-preparation facility with commercial cooking equipment, refrigeration, and three-phase power.
Where is this commercial kitchen located?
The property is located at 7188 SW 47th Street Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,470 SF commercial condominium; 12' hood system with grease trap; 8 X 8 walk‑in cooler
