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Property profile & analytics
OFF-MARKET Estimated value $13,315,000
Hotels

148 167th St Miami, FL 33169-6020

82,605 SF 1.44 ac lot Built 1971
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US19-0503317
Property summary
AI-generated overview

This turnkey restaurant opportunity in Miami, Florida, presents a unique chance to acquire an established business. Located at 148 NW 167th St, 33169, this single-tenant property boasts 3,500 square feet, encompassing a fully equipped commercial kitchen with hood system, a bar area near the hotel lobby entrance, and ample space for dining. The restaurant benefits from a prime location within a busy hotel, ensuring high visibility and foot traffic. The area demonstrates excellent demographics, with nearby businesses, schools, and churches offering significant potential for increased revenue through targeted marketing and outreach. Further growth opportunities exist in delivery, catering, and corporate services. The asking price is $150,000 for key money, with a monthly rent of $12,770. Lease terms require first month's rent, last month's rent, and a two-month security deposit. The property's zoning is 6400, and its APN is 30-21-13-007-2630. This is a remarkable opportunity for an experienced restaurateur seeking a well-established, high-potential location.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1971
Construction CONCRETE
Total area 82,605 SF
Lot 1.44 ac (62,781 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 30-2113-007-2630
UPID US19-0503317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Food Mart Gas Station
  • קייטרינג מיאמי Take-out & Catering Catering Service
  • Jerusalem Mama kosher Catering Service Take-out & Catering
  • Gourmet 7 Take-out & Catering Catering Service
  • Yo-Chef Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.81M
CAP Approach CAP
$9.56M
Comparable Approach Comparable
$18.28M
Blend (final) Blend
$13.32M
Owner & transaction history
O J A Development Co Ltd · 19 yrs held
O J A Development Co Ltd
since 2007
Last sale
$14.3M
7 recorded transactions
2012
Price N/A
2007
$10.0M
2005
Price N/A
2005
Price N/A
2000
$4.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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