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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Turn key restaurants
5401 7th Ave, Miami, FL 33127-1801
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-6293612
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
CONCRETE
Total area
4,840 SF
Lot
0.83 ac (35,966 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3113-046-0010
UPID
US18-6293612
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
-
Burger King Restaurant Take-out & Catering
-
Burger King 30 Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$3.65M
Owner & transaction history
Tacolcy Economic Development Corp I · 1 yrs held
Tacolcy Economic Development Corp I
since 2024
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.8M
+60.6%
Warehouse, storage
$5.4M
+49.7%
Commercial (general)
$5.1M
+41.3%
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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
Method
Estimation
Statistic approach
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,590,000
Current use
RETAIL STORES
$5,760,000
Change: +61% · Conversion: Easy
WAREHOUSE, STORAGE
$5,370,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,070,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,915,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$3,300,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.65M (Dec 2 2024)
Last sale anchor
$3.65M
Dec 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$754 / 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
$36,005
Tax year 2023
Assessed value
$1,965,735
Assessed 2023
Previous assessed
$1,972,454
-0.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,438,640
Assessed improvement
$527,095
Land market value
$1,438,640
Improvement market value
$527,095
Total market value
$1,965,735
Applied tax rate
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
1
Total area
4,840 SF
Lot
0.83 ac (35,966 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3113-046-0010
UPID
US18-6293612
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.6M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Tacolcy Economic Development Corp I
Entity
Mailing address
5707 WATERFORD DISTRICT DR, MIAMI, FL 33126-2015
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$3,650,000
Tacolcy Economic Development Corp I
Bcs Nw 7th Ave LLC
Special Warranty Deed
$3,780,000 · Low Income Investment Fund
Jan 3, 2023
—
Burger King Company LLC
Burger King Corporation
Assignment Of Lease (leasehold Sale)
—
Aug 31, 2022
$1,550,000
Bcs Nw 7th Ave LLC
Harrison Family Properties LLC
Special Warranty Deed
$1,544,486 · Origin Bank
Feb 13, 2017
—
Harrison Family Properties LLC
Harrison,peter R & Michael J
Quit Claim Deed
related
—
Sep 9, 2008
—
Maurice R Harrison JR.
Harrison,peter R
Quit Claim Deed
related
—
May 13, 2005
—
Witty Helen Trust
Witty,helen H
Quit Claim Deed
related
—
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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