Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10504 Flager Miami, FL 33174
    Back to Search
    Property profile & analytics

    10504 Flager, Miami, FL 33174

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10504 Flager

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional opportunity involves the sale of an established restaurant, Charles & Larry, located at 10504 W Flagler Street in Miami, Florida, 33174. Priced at $390,000, this turnkey business boasts a loyal customer base and a prime location in a high-traffic commercial area. The restaurant enjoys excellent visibility and accessibility, with ample street parking readily available for patrons. Currently operating 24/7, the business benefits from an established online presence. All existing equipment is included in the sale, and the current employees have expressed a willingness to continue their employment under new ownership. The property itself is classified as land and retail, offering flexibility for the new owner. The current restaurant layout can be maintained, allowing for immediate profitability, or the space can be adapted to suit a different concept. This presents a unique opportunity to acquire a thriving business in a desirable Miami location. The property is situated in Miami-Dade County and its coordinates are 25.7682423 latitude and -80.3661516 longitude. Don't miss this chance to own a piece of Miami's vibrant culinary scene.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3661
    Latitude
    25.7682

    Comparable in this City

    • Value Estimation by Request

      Turnkey Cafeteria For Sal Prime Flagler Location Near Fiu

      Restaurants
      0 Turnkey Cafeteria For Sal Prime Flagler Location Near Fiu, Fontainebleau, FL 33174
      View Details
    • Value Estimation by Request
      112,423 SF

      97 Ave

      Restaurants
      0 97 Ave, Fontainebleau, FL 33174
      View Details
    • Value Estimation by Request
      1,972 SF

      Profitable Asian Restaurant For Sale Near College Assumable Sba Loan!

      Restaurants
      0 Profitable Asian Restaurant For Sale Near College Assumable Sba Loan!, Miami, FL 33174
      View Details
    • Value Estimation by Request
      1,800 SF

      Commercial Restaurant Or Bring Own Concept! Near Fiu!

      Restaurants
      0 Commercial Restaurant Or Bring Own Concept! Near Fiu!, Miami, FL 33174
      View Details
    • Value Estimation by Request
      750 SF

      Gourmet Cafe For Sale Inside Food Hall In Major College

      Restaurants
      0 Gourmet Cafe For Sale Inside Food Hall In Major College, Miami, FL 33174
      View Details
    • Value Estimation by Request

      1405 107Th St

      Restaurants
      1405 107Th St, Miami, FL 33174
      View Details

    Similar Nearby for Sale

    • $80,000
      750 SF

      Turnkey Boba Tea Shop Opportunity

      Profitable, established boba tea shop in prime Miami location.
      Boba Tea Restaurant For Sale In Flagler St, Miami, FL 33174
      View Details
    • Contact for pricing
      3,712 SF

      Retail Space Near FIU Campus

      Five retail units totaling 3,712 SF near FIU.
      300 SW 107Th Ave, Sweetwater, FL 33174
      View Details
    • Contact for pricing

      Retail Spaces Near FIU Campus

      Five retail spaces totaling 3,712 SF near FIU.
      300 SW 107Th Ave, Sweetwater, FL 33174
      View Details
    • $280,000

      Turnkey Restaurant on Calle 8

      Restaurant for sale in the heart of Miami.
      10548 SW 8, Miami, FL 33174
      View Details
    • $3,300,000

      Freestanding Commercial Property on Calle Ocho

      High-traffic location with existing auto repair business and mixed-use potential.
      8730 SW 8Th St, Miami, FL 33174
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      14,000 SF

      Sweetwater Office/Retail Gem

      14,000 SF, Remodeled, Prime Location
      300 107Th Ave, Miami, FL 33174
      View Details
    • $51 SF/Yr
      604 SF

      Sweetwater Retail Space - 604 SF

      Prime Sweetwater retail space, single tenant, great location.
      300 107Th Ave, Miami, FL 33174
      View Details
    • Contact for pricing

      Remodeled Retail/Office Space Available

      Remodeled space near FIU, banks, and restaurants with heavy traffic.
      300 SW 107Th Ave, Sweetwater, FL 33174
      View Details
    • $10,000 /Mo
      8,024 SF

      Prime Retail Space on SW 8th

      Highly visible retail space in the heart of Little Havana.
      1782 SW 8, Miami, FL 33174
      View Details
    • $1,200 /Mo
      535,649 SF

      Salon Suites in Publix Center

      Elegantly designed salon suites in a busy shopping center.
      Beauty Salon Suites For Rent Now Right In Front Of Fiu Publix Shopping, Miami, FL 33174
      View Details
    • $2,200 /Mo

      Spacious Apartment with Balcony

      Centrally located 2/1 apartment with new flooring and balcony.
      10810 SW 4Th St, Sweetwater, FL 33174
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10504 Flager
    Miami, FL 33174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10504 Flager, Miami, FL, 33174
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!