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Property profile & analytics
FOR LEASE
Motels

16805 NW 12Th Ave Miami Gardens, FL 33169

63,219 SF 4 ac lot Built 1973
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-8956180
Property summary
AI-generated overview

This exceptional restaurant opportunity in Palmetto, Florida, presents a fully equipped, 4,500 square-foot space within a bustling hotel. The property boasts a substantial 6,500 square-foot building, zoned 6500, with a single tenant occupancy (APN: 34-21-11-000-0062). The existing build-out includes a state-of-the-art commercial kitchen and hood, partially equipped with appliances, ready for immediate operation. The space also features an inviting outdoor seating area and a convenient lobby entrance. Its strategic location offers high visibility and significant traffic counts, benefiting from excellent demographics. The property's potential is further enhanced by strong delivery, catering, and corporate event opportunities within the surrounding area. This versatile space is ideal for a variety of concepts, including a night bar and lounge, banquet hall, or venue for corporate events and weddings. The monthly lease rate is $18,770, with a move-in requirement of first month's rent, last month's rent, and a two-month security deposit. Don't miss this chance to establish your business in a prime location with significant growth potential.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1973
Construction CONCRETE
Total area 63,219 SF
Lot 4 ac (174,240 SF)
Zoning code 6500:COMMERCIAL,CLASSIF
APN 34-2111-000-0062
UPID US18-8956180
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.24M
CAP Approach CAP
$7.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.59M
Owner & transaction history
Good Night Inn & Suite Baymeadow 77 · 5 yrs held
Good Night Inn & Suite Baymeadow 77
since 2020
Last sale
$6.0M
4 recorded transactions
2024
Price N/A
2020
$6.0M
2008
$6.0M
1969
Price N/A
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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