Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1450 Collins Ave Miami Beach, FL 33139-4113

    • Turn key restaurants
    • 12,772 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2022
    $10,000,000
    Value Estimations
    $9,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3807118
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1450 Collins Ave

    Year built
    1940
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    12,772 SF
    Zone code
    6501:COMMERCIAL
    Property type
    Turn key restaurants
    APN
    02-3234-013-0010
    APU
    232340130010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,300,000
      ML approach
      $9,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,601,000
      Market price range: $4.62M - $16.9M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $9,470,000
      Current use
      COMMERCIAL (GENERAL)
      $10,660,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,350,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1309
    Latitude
    25.7871
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $173,001
    $5,205,500
    $4,145,500
    $9,351,000
    -
    $5,205,500
    $4,145,500
    $9,351,000

    Comparable in this City

    • Value Estimation by Request
      6,398 SF

      210 23rd St

      RESTAURANT • 6,398 SF
      210 23rd St, Miami Beach, FL 33139-1714
      View Details
    • Value Estimation by Request
      2,212 SF

      1929 Purdy Ave

      RESTAURANT • 2,212 SF
      1929 Purdy Ave, Miami Beach, FL 33139-1427
      View Details
    • Value Estimation by Request
      3,762 SF

      590 Washington Ave

      RESTAURANT • 3,762 SF
      590 Washington Ave, Miami Beach, FL 33139
      View Details
    • Value Estimation
      $5,550,000
      10,102 SF

      501 Lincoln Rd

      RESTAURANT • 10,102 SF
      501 Lincoln Rd, Miami Beach, FL 33139-2913
      View Details
    • Value Estimation by Request
      10,316 SF

      1438 Collins Ave

      RESTAURANT • 10,316 SF
      1438 Collins Ave, Miami Beach, FL 33139-4104
      View Details
    • Value Estimation
      $645,000
      15,886 SF

      820 Ocean Dr

      RESTAURANT • 15,886 SF
      820 Ocean Dr, Miami Beach, FL 33139-5801
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant Space on Washington Avenue

      Fully equipped restaurant space with high foot traffic.
      1522 Washington Ave, Miami Beach, FL 33139
      View Details
    • $6,000,000

      Miami Beach Restaurant & Entertainment Venue

      Turnkey restaurant and entertainment venue in Miami Beach for sale.
      Restaurant Miami Bch, Miami Beach, FL 33139
      View Details
    • $275,000
      Pending

      Mediterranean Restaurant on Collins Avenue

      Mediterranean restaurant for sale on Collins Avenue in Miami Beach.
      Miami Beach, FL 33139
      View Details
    • Contact for pricing
      5,870 SF

      Turn-Key Restaurant/Private Club Space

      Fully-equipped restaurant/club with 2,000 SF exterior courtyard in Miami Beach.
      1542 Washington Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Turnkey Restaurant Space in Miami Beach

      Fully equipped restaurant space in a high-traffic South Beach location.
      1216 Washington Ave, Miami Beach, FL 33139
      View Details
    • $300,000

      Miami Beach Restaurant Business Opportunity

      Established Mediterranean restaurant for sale in prime Miami Beach location.
      405-407 15Th St, Miami Beach, FL 33139
      View Details

    Similar Nearby for Lease

    • $95 SF/Yr

      Turnkey Restaurant Space in Miami Beach

      2,600 SF fully built-out restaurant space in prime location.
      Miami Beach, FL 33139
      View Details
    • $10,000,000
      5,833 SF

      South Beach Restaurant Opportunity

      Turn-key restaurant space in prime South of Fifth location.
      1 Collins Ave, Miami Beach, FL 33139
      View Details
    • $150 SF/Yr
      1,500 SF

      Lincoln Road Retail Gem

      Prime South Beach retail space, 1500 sq ft.
      540 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      2,135 SF

      Alton Road Retail and Restaurant

      Renovated retail and restaurant spaces near Lincoln Road Mall.
      1671-1673 Alton Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      17,609 SF

      Prime Miami Beach Entertainment Space

      Restaurant/lounge/office/event space for lease South of Fifth Street.
      124-136 Collins Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      146,327 SF

      Lincoln Road Executive Office Suites

      Prestigious Office Space, Miami Beach
      1111 Lincoln Rd, Miami Beach, FL 33139
      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.
    1450 Collins Ave
    Miami Beach, FL 33139-4113
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!