Building Details

Stories 1

Listing Agency: Patricia Burnside Realty

Listed By: Julie Negovan · License #3449363 Show Phone

Added: Feb 18 Changed: Mar 16

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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

Estimated NOI and Cap Rate

NOI / Yr

$62,564

Cap Rate

8.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,251,280 $1.3M

Cap Rate 7%

$893,771 $893.8K

Cap Rate 9%

$695,156 $695.2K

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$97.7K $26.40/SF

− Vacancy

−$8.3K −$2.24/SF

EGI

$89.4K $24.16/SF

− OpEx

−$26.8K −$7.25/SF

NOI

$62.6K $16.91/SF

Area

Miami-Dade County, FL

Vacancy

8.50%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,251,280

Cap Rate 7%

$893,771

Cap Rate 9%

$695,156

Alternative Uses

Best Use

Retail

$893.8K

$782.1K – $1.04M (±1% cap)

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 (±1% cap)

NOI $131,402 @ 7.0% cap · market cap 18.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Location Intelligence

Trade Area within ½ mile

385

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33183, FL

35,891

Population

12,734

Households

2.8

Avg Household Size

44

Median Age

31%

College-Educated

85%

High-School Grad

5.5 sq mi

ZIP Area

6,526

Density / Sq Mi

$67,741

Median Household Income

$40,468

Median Earnings

$1,880

Median Rent

$372,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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.