Miami MIMO District Building For
For Sale
$3,499,999
7228 Biscayne Blvd, Miami, FL 33138
Building with restaurant and office space in Miami's MIMO District.
Property Size3,519 SF
Days on Market389
Property Features for 7228 Biscayne Blvd
General Information
Standard status
Active
Size
3,519 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$22,746
Building Details
Building Size
3,519 SF
Year Built
1941
Listing Agency:
Spider Int'l R.E. Services
Listed By:
Manuela MacKenzie · License #3087105
(305) 525-4825
Source:
Relinkre
Added: Sep 15, 2025
Changed: Oct 3
Last Checked: Oct 7 at 6:31PM
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 Spider Int'l R.E. Services
Investment Insights
Based on property information with market context.
Located in the heart of Miami's MIMO District, this building is available for sale and includes one tenant. The ground floor is occupied by a fully equipped restaurant, which features a fully outfitted backyard patio for customer seating. A diesel generator is included, capable of supporting the entire restaurant operation in the event of a temporary power outage. The second floor is currently utilized as office space for the restaurant. The property completed its 40-year recertification in 2021. The property is suitable for restaurants, office units, and office properties and spaces.
Key Highlights
- Prime location in the heart of Miami's MIMO District.
- Ground floor occupied by a fully equipped restaurant with a tenant in place.
- Includes a fully outfitted backyard patio for customer seating.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,274
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,325,480
$3.3M
Cap Rate 7%
$2,375,343
$2.4M
Cap Rate 9%
$1,847,489
$1.8M
Market Conditions
NOI Build-Up for 3,519 SF
Gross rent
$225.1K $63.96/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$221.7K $63.00/SF
− OpEx
−$55.4K −$15.75/SF
NOI
$166.3K $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%
$3,325,480
Cap Rate 7%
$2,375,343
Cap Rate 9%
$1,847,489
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,274 @ 7.0% cap · market cap 4.75%
Second Best
Office B
$1.44M
$1.26M – $1.68M
NOI $100,951 @ 7.0% cap · market cap 2.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,562
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Meals That Heal — 655 NE 64th St, Miami, FL 33138
- Borrow A Bartender — 292 NE 71st St, Miami, FL 33138
- A&J Gourmet — 7580 NE 4th Ct, Miami, FL 33138
- Chapi Taco — 633 NE 79th St, Miami, FL 33138
- Social Cater — 860 NE 79th St, Miami, FL 33138
Frequently Asked Questions
What type of property is this?
Restaurant - Building with restaurant and office space in Miami's MIMO District.
Where is this restaurant located?
The property is located at 7228 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: Prime location in the heart of Miami's MIMO District.; Ground floor occupied by a fully equipped restaurant with a tenant in place.; Includes a fully outfitted backyard patio for customer seating.
