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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Turn key restaurants
17190 Collins Ave Sunny Isles Beach, FL 33160-3641
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2842635
Property summary
AI-generated overview
This exceptional 36,000 square foot retail space is ideally situated on Collins Avenue in Sunny Isles Beach, Miami-Dade County, Florida, at 17190 Collins Ave, with a cross street of NE 170th Street. The property boasts a prime location, offering full frontage on Collins Avenue and ample parking with 100+ spaces. Currently vacant, this single-tenancy building presents a unique opportunity for a variety of uses, including a supermarket, food hall, or restaurant. The expansive square footage allows for significant indoor and outdoor seating areas, perfect for a dining establishment. The property's previous tenant was a gourmet specialty supermarket that successfully utilized both indoor and outdoor dining spaces. The building's large size and prominent location in the thriving Sunny Isles Beach submarket of North Miami Beach make it an exceptional investment opportunity. The 33160 zip code ensures easy access to a large and affluent customer base. This is a rare chance to acquire a substantial retail space in a highly desirable location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Construction
CONCRETE
Total area
20,876 SF
Lot
1.46 ac (63,625 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
31-2211-001-0010
UPID
US18-2842635
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
17190 Collins Avenue Holdings · 14 yrs held
17190 Collins Avenue Holdings
since 2012
2 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Sunny Isles Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sunny Isles Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunny Isles Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$152,898
Tax year 2023
Assessed value
$11,574,714
Assessed 2023
Previous assessed
$11,574,714
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$10,196,875
Assessed improvement
$1,377,839
Land market value
$10,196,875
Improvement market value
$1,377,839
Total market value
$11,574,714
Applied tax rate
3,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
20,876 SF
Lot
1.46 ac (63,625 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
31-2211-001-0010
UPID
US18-2842635
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Sunny Isles Beach, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Sunny Isles Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunny Isles Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
17190 Collins Avenue Holdings
Entity
Free & Clear · 14 yrs held
Mailing address
18001 COLLINS AVE #31, SUNNY ISLES BEACH, FL 33160-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2012
$19,050,000
17190 Collins Avenue Holdings
Jerrys Famous Deli INC
Grant Deed
—
Nov 2, 2004
—
Jerrys Famous Deli INC
—
Deed Of Trust
related
$12,000,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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