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Property profile & analytics
OFF-MARKET Estimated value $810,000
Turn key restaurants

5840 71st St South Miami, FL 33143

6,285 SF 0.25 ac lot Built 1947
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US18-3379828
Property summary
AI-generated overview

This 3,192 sq ft South Miami restaurant space offers a fully equipped kitchen, including state-of-the-art hood-vent systems and walk-in coolers. Located in a prime Opportunity Zone, this multi-tenant building boasts extended operating hours (until 4 AM) and benefits from significant nearby development, including the Avalon South Miami and the redeveloped Shops at Sunset Place, bringing increased foot traffic and a vibrant atmosphere. Priced at $70/SF NNN with $150,000 key money, this turnkey opportunity minimizes startup costs and allows for immediate operation. The property sits on 0.25 acres and was built in 2017, renovated in 2019, and is zoned to allow for extended operating hours. The property's location in Miami-Dade County, within the South Miami submarket, offers excellent access to a dense population and high consumer spending. The addition of 290 luxury apartments and 31,000 square feet of retail space at Avalon South Miami, along with the 1,500 residential units, 287-room hotel, office space, and expanded dining and retail options at the redeveloped Shops at Sunset Place, promises significant future growth in the area. This presents a unique opportunity for restaurateurs to establish themselves in a thriving and rapidly developing community. The property's address is 5840 SW 71st St, South Miami, FL 33143. The Miami-Dade County APN is 09-4025-030-0130.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction CONCRETE
Total area 6,285 SF
Lot 0.25 ac (10,700 SF)
Zoning code 6300:COMMERCIAL,RESTRICT
APN 09-4025-030-0130
UPID US18-3379828
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
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$963k
Blend (final) Blend
$810k
Owner & transaction history
Grouper Somi LLC · 12 yrs held
Grouper Somi LLC
since 2014
7 recorded transactions
2017
Price N/A
2014
$1.1M
1997
$1.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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