Kendall Restaurant with Outdoor
Mills Dr. Unit 307 Kendall, FL 33183
For Sale
$700,000
Latin Inspired High-Vibe Restaurant in Kendall
Property Size3,700 SF
Price / SF$189.19
Days on Market159
Property Features for Mills Dr. Unit 307
General Information
- Standard status
- Active
- Property type
- Shopping centers, Retail properties & Spaces
- Size
- 3,700 SF
- Class
- B
- Investment Type
- Net Lease
Building Details
- Stories
- 1
Listing Agency:
Patricia Burnside Realty
(305) 389-5800
Listed By:
Julie · License #3449363
(305) 389-5800
Added: Feb 18
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 3,700-square-foot restaurant is located in Kendall, Florida, within a high-end shopping center. The space features fully equipped kitchens and bar areas, along with a stage designed for live entertainment, complete with state-of-the-art sound and lighting systems. An outdoor dining area complements the interior space, and ample free parking is available.
Financial Insights For 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 | $97.7k | $26.40 |
| − Vacancy | −$8.3k | −$2.24 |
| EGI | $89.4k | $24.16 |
| − OpEx | −$26.8k | −$7.25 |
| NOI | $62.6k | $16.91 |
3,700 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$893.8K
$782.1K – $1.04M
NOI $62,564 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,402 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - Latin Inspired High-Vibe Restaurant in Kendall
Where is this shopping center located?
The property is located at Mills Dr. Unit 307 Kendall, FL.
What is the asking price?
The asking price for this property is $700,000.
