7416 Biscayne Boulevard Way Miami, FL 33138
This exceptional Miami retail property, located at 7416 Biscayne Boulevard in the vibrant MiMo District, offers 2,989 square feet of gross leasable space across three tenant bays. The property includes a fully equipped, second-generation restaurant with a sizable 3,000 square foot backyard featuring outdoor seating. Boasting 100% occupancy and a 6.00% pro-forma cap rate, this investment opportunity is priced at $1,950,000 ($652.39/sq ft). The single-building property sits on a 7,500 square foot lot and was built in 1949. Recently completing its 40-year building recertification, it's in excellent condition and zoned T5-O. Its prime Biscayne Boulevard location provides easy access to Downtown Miami, Miami Beach, and major highways, ensuring high visibility and strong tenant demand. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a rapidly growing area of Miami. The gross lease structure simplifies management, and the diverse tenancy provides a stable income stream. The existing restaurant, with its outdoor seating area, presents significant potential for continued success or creative redevelopment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.