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    Miami Harding Ave Surfside, FL 33154

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    Miami Harding Ave Surfside, FL 33154

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    Property Details for Miami Harding Ave

    Property type
    Investment properties

    Description

    This exceptional business opportunity presents a fully renovated restaurant for sale in the highly desirable Harding Avenue area of Surfside, Florida. Situated in a renowned kosher dining neighborhood, this establishment boasts a prime location and offers immediate potential for success. The 1,500 square foot space features 30 indoor seats and a charming outdoor terrace accommodating an additional 30 guests. All equipment is brand new and state-of-the-art, ensuring a seamless transition for the new owner. The current lease is exceptionally favorable, with a low monthly rent of $7,800 and a secure 10-year term. This turnkey operation is ready for a new concept to flourish. The property is being sold as an asset sale. Serious inquiries only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Surfside
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1214
    Latitude
    25.8504

    Comparable in this City

    • Value Estimation by Request
      23,850 SF

      8918 Collins Ave

      Multifamily properties • 23,850 SF
      8918 Collins Ave, Surfside, FL 33154
      View Details
    • Value Estimation
      $665,000
      1,740 SF

      9460 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,740 SF
      9460 Harding Ave, Surfside, FL 33154-2804
      View Details
    • Value Estimation
      $700,000
      2,050 SF

      9575 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,050 SF
      9575 Harding Ave, Surfside, FL 33154-2501
      View Details
    • Value Estimation
      $800,000
      7,216 SF

      9516 Harding Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 7,216 SF
      9516 Harding Ave, Surfside, FL 33154-2502
      View Details
    • Value Estimation
      $785,000
      6,244 SF

      9401 Harding Ave

      FINANCIAL BUILDING • 6,244 SF
      9401 Harding Ave, Surfside, FL 33154-2803
      View Details
    • Value Estimation
      $3,565,000
      15,881 SF

      1030 Kane Concourse

      WHOLESALE OUTLET, DISCOUNT STORE • 15,881 SF
      1030 Kane Concourse, Bay Harbor Islands, FL 33154-2107
      View Details

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      0.22 Acres

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      Income-Producing Multifamily in Bay Harbor

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    Similar Nearby for Lease

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    • $4,500 /Mo

      Bay Harbor Islands 1-Bedroom Unit

      Charming 1-bedroom unit in Bay Harbor Islands, available for rent.
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      24,130 SF

      Bay Harbor Islands Office Space

      95,819 SF office space available for lease.
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    • $4,500 /Mo

      Bay Harbor Islands 2-Bedroom Unit

      Charming 2-bedroom unit near beaches, shopping, and dining.
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    Miami Harding Ave
    Surfside, FL 33154
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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.

    More about this property
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