Built-Out Commercial Kitchen
For Sale
$1,350,000
9059 SW 73rd Ct, Miami, FL 33156
Ground-floor commercial kitchen with bakery infrastructure, transferable permits, and customer-facing storefront exposure.
Property Size1,600 SF
Price / SF$843.75
Days on Market25
Property Features for 9059 SW 73rd Ct
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Floor
Ground
Business Included
Yes
Sprinkler System
Yes
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
APEX Capital Realty LLC
(863) 440-2387
Listed By:
Tatiana Escobar · License #3280000
Source:
Chenoregroup
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 28 at 8:10PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This 1,600-square-foot ground-floor commercial condominium is configured as a fully equipped bakery operation. Improvements include a Type 1 hood with fire suppression, bakery ovens, proofers, preparation stations, refrigeration, display cases, a POS system, and customer seating. Active Health Department permits are transferable. The sale also includes the operating business, established brand, recipes, equipment, trained staff, vendor relationships, customer database, and goodwill, along with a structured transition and training period.
The property is located at 9059 SW 73rd Ct within Metropolis at Dadeland, a 397-unit mixed-use tower completed in 2006. The surrounding setting includes residential density, nearby office towers, Dadeland Mall, and Metrorail, with the condominium positioned on the ground floor for storefront exposure. The space may also accommodate medical office, wellness and beauty, boutique professional office, or service-oriented retail concepts, as identified in the property information.
The property is located at 9059 SW 73rd Ct within Metropolis at Dadeland, a 397-unit mixed-use tower completed in 2006. The surrounding setting includes residential density, nearby office towers, Dadeland Mall, and Metrorail, with the condominium positioned on the ground floor for storefront exposure. The space may also accommodate medical office, wellness and beauty, boutique professional office, or service-oriented retail concepts, as identified in the property information.
Key Highlights
- 1,600 SF ground‑floor commercial condominium
- Type 1 hood and fire suppression system installed
- Bakery ovens, proofers, prep stations, refrigeration, and display cases included
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
$75,601
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
5.60%
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%
$1,512,020
$1.5M
Cap Rate 7%
$1,080,014
$1.1M
Cap Rate 9%
$840,011
$840.0K
Market Conditions
NOI Build-Up for 1,600 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
$102.3K $63.96/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$100.8K $63.00/SF
− OpEx
−$25.2K −$15.75/SF
NOI
$75.6K $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 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%
$1,512,020
Cap Rate 7%
$1,080,014
Cap Rate 9%
$840,011
Alternative Uses
Best Use
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$745.7K
$652.5K – $870.0K
NOI $52,201 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 33156, FL
34,036
Population
13,215
Households
2.6
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
13.9 sq mi
ZIP Area
2,449
Density / Sq Mi
$134,720
Median Household Income
$66,117
Median Earnings
$1,936
Median Rent
$1,063,100
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Ground-floor commercial kitchen with bakery infrastructure, transferable permits, and customer-facing storefront exposure.
Where is this commercial kitchen located?
The property is located at 9059 SW 73rd Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1,600 SF ground‑floor commercial condominium; Type 1 hood and fire suppression system installed; Bakery ovens, proofers, prep stations, refrigeration, and display cases included
