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    2 Generation Restaurant Space For Lease In Miami Gdn North Miami, FL 33168
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    2 Generation Restaurant Space For Lease In Miami Gdn, North Miami, FL 33168

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    • Restaurants
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 0 2 Generation Restaurant Space For Lease In Miami Gdn

    Property type
    Restaurants

    Description

    This exceptional 4,500 square foot restaurant space presents a unique opportunity in the thriving North Miami/Golden Glades area. Ideally situated just off I-95 and directly in front of a bustling flea market, this location boasts unparalleled visibility and high foot traffic. The property is zoned for commercial use (6601 COMMERCIAL) and offers a single-tenant occupancy within a larger building encompassing 7,563 square feet total. The space is perfect for a restaurant operation, or alternatively, could be adapted to function as a high-volume commercial kitchen. This is a second-generation restaurant space, meaning it's ready for immediate occupancy and has existing infrastructure in place. The property benefits from a cooperative landlord committed to tenant success, making this an attractive proposition for experienced restaurateurs or ambitious entrepreneurs. High-definition video showcasing the property's features is available upon request. This is a rare chance to secure a prime location with significant potential for growth and profitability in a high-demand area. Don't miss this chance to establish your business in a vibrant and accessible location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.207
    Latitude
    25.8897

    Comparable in this City

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      1,000 SF

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      4,370 SF

      13420 7th Ave

      RESTAURANT
      13420 7th Ave, North Miami, FL 33168-2816
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    • Value Estimation by Request
      1,056 SF

      14301 7th Ave

      RESTAURANT
      14301 7th Ave, Miami, FL 33168-3011
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    • Value Estimation by Request
      892 SF

      13495 7th Ave

      RESTAURANT
      13495 7th Ave, North Miami, FL 33168-2815
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    • Value Estimation by Request
      1,824 SF

      13690 7th Ave

      NIGHTCLUB (COCKTAIL LOUNGE)
      13690 7th Ave, Miami, FL 33168-2900
      View Details
    • Value Estimation
      $4,900,000
      4,177 SF

      12000 7th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      12000 7th Ave, North Miami, FL 33168-2525
      View Details

    Similar Nearby for Sale

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      3,988 SF

      Renovated Restaurant with Patio Seating

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    • $1,990,000
      5,357 SF

      North Miami Retail/Office Opportunity

      Spacious building in North Miami, ideal for office or redevelopment.
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      2,964 SF

      High-Traffic Retail Property For Sale

      Retail property with high visibility and excellent connectivity.
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    • $2,850,000
      6,020 SF

      Flex/Industrial Asset on I-95

      High-visibility flex/industrial building with leasing upside in North Miami.
      625 NW 121St Rd, North Miami, FL 33168
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    Similar Nearby for Lease

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      7,440 SF

      North Miami Retail Space Available

      Versatile retail space in a high-traffic North Miami neighborhood.
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      1,680 SF

      Retail Space in Miami Center

      Retail space available in a neighborhood shopping center.
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      742 SF

      Retail Space Near Major Roads

      Retail property with frontage on a major commuter road.
      835-865 NW 119Th St N, Miami, FL 33168
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      11,500 SF

      Retail Space in High-Traffic Area

      Retail center with 13,000 SF rentable space on US-441.
      13490 NW 7Th Ave, North Miami, FL 33168
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    • Contact for pricing
      1,770 SF

      Retail Space Near Major Roadways

      Retail space with frontage on a major commuter road.
      805-839 NW 119Th St, Miami, FL 33168
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    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.

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