Conventional Restaurant Business with
New
For Sale
$210,000
9510 160th St, Miami, FL 33157
Restaurant business with commercial kitchen infrastructure and a triple net lease.
Property Size1,360 SF
Price / SF$154.41
Days on Market5
Property Features for 9510 160th St
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Business Opportunities
Amenities
3
Building Details
Year Built
1997
Listing Agency:
(305) 809-7650
Listed By:
Luxe Properties
(929) 230-2168
Source:
Xome
Added: Aug 31
Changed: Sep 4
Last Checked: Sep 4 at 3:06PM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This conventional restaurant business occupies approximately 1,360 SF and includes furniture, fixtures, and equipment for ongoing food-service operations. The commercial kitchen contains a 10-burner gas range with dual ovens, a Type I hood with fire-suppression system, refrigeration and freezer equipment, a 3-compartment sink, prep tables, shelving, and smallwares.
The business is positioned in a Publix-anchored shopping center in South Miami-Dade and operates under a triple net lease. The offering is for the business only; real estate is excluded. The business name, brand, and website are not included, and lease transfer is subject to landlord approval. Showings are available by appointment.
The business is positioned in a Publix-anchored shopping center in South Miami-Dade and operates under a triple net lease. The offering is for the business only; real estate is excluded. The business name, brand, and website are not included, and lease transfer is subject to landlord approval. Showings are available by appointment.
Key Highlights
- Approximately 1,360 SF restaurant business
- 10‑burner gas range with dual ovens
- Type I hood with fire‑suppression system
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
$14,682
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
6.99%
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%
$293,640
$293.6K
Cap Rate 7%
$209,743
$209.7K
Cap Rate 9%
$163,133
$163.1K
Market Conditions
NOI Build-Up for 1,360 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
$22.2K $16.32/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$21.0K $15.42/SF
− OpEx
−$6.3K −$4.63/SF
NOI
$14.7K $10.80/SF
Area
ZIP 33157
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
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%
$293,640
Cap Rate 7%
$209,743
Cap Rate 9%
$163,133
Alternative Uses
Best Use
Specialty Retail
$394.5K
$345.2K – $460.2K
NOI $27,613 @ 7.0% cap · market cap 13.15%
Second Best
Industrial
$209.7K
$183.5K – $244.7K
NOI $14,682 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$690.0K
$603.7K – $805.0K
NOI $48,299 @ 7.0% cap · market cap 23.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
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 - Restaurant business with commercial kitchen infrastructure and a triple net lease.
Where is this conventional restaurant located?
The property is located at 9510 160th St Miami, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Approximately 1,360 SF restaurant business; 10‑burner gas range with dual ovens; Type I hood with fire‑suppression system
