Kendall Restaurant: Latin Asian
For Sale
$795,000
Sw 56Th St., Miami, FL 33175
Beautiful Latin/Asian Fusion Restaurant in Kendall
Property Size2,000 SF
Price / SF$397.50
Days on Market234
Property Features for Sw 56Th St.
General Information
Standard status
Active
Property type
Strip malls, Shopping malls
Size
2,000 SF
Sale Condition
Lease Option
Investment Type
Net Lease
Building Details
Stories
1
Listing Agency:
Patricia Burnside Realty
Listed By:
Julie Negovan · License #3449363
(305) 389-5800
Added: Feb 16
Changed: Mar 16
Investment Insights
Based on property information with market context.
This restaurant offers a unique culinary experience, combining Japanese tradition with Latin passion. The 2,000 square foot space features live entertainment in an intimate setting. It is located in a large, anchored plaza in Kendall with ample shared parking. The restaurant has a fully trained staff, including sushi and ceviche chefs, who are available for hire by a new owner. The property is located in Miami, Florida, with a postal code of 33175.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,912
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,240
$618.2K
Cap Rate 7%
$441,600
$441.6K
Cap Rate 9%
$343,467
$343.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$48.0K $24.00/SF
− Vacancy
−$3.8K −$1.92/SF
EGI
$44.2K $22.08/SF
− OpEx
−$13.2K −$6.62/SF
NOI
$30.9K $15.46/SF
Area
ZIP 33175
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,240
Cap Rate 7%
$441,600
Cap Rate 9%
$343,467
Alternative Uses
Best Use
Retail
$441.6K
$386.4K – $515.2K
NOI $30,912 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 33175, FL
52,950
Population
17,787
Households
3
Avg Household Size
47
Median Age
31%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
6,703
Density / Sq Mi
$79,711
Median Household Income
$40,159
Median Earnings
$1,943
Median Rent
$456,600
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?
Strip mall - Beautiful Latin/Asian Fusion Restaurant in Kendall
Where is this strip mall located?
The property is located at Sw 56Th St. Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
