Property profile

7411 NW 36Th St Miami, FL 33166

FOR SALE
Turn key restaurants
Property ID
US18-4505237
7,100 SF 0.92 ac lot Built 1978
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.92-acre commercial land parcel, located at 7411 NW 36th St, Miami, FL 33166, presents a unique redevelopment opportunity. Currently improved with a 6,157 square foot building, the property boasts a 100% occupancy rate and offers significant upside potential. The asking price is $17,900,000, translating to $2,907.26 per square foot. Built in 1978, this site benefits from its strategic location in Miami-Dade County, near the intersection of NW 36th Street and the Palmetto Expressway. High traffic counts are a key advantage: NW 36th Street sees an average of 49,000 vehicles daily, while the Palmetto Expressway averages 243,000 vehicles daily. Proximity to Miami International Airport (MIA), which served 37.2 million passengers in 2021, further enhances the property's desirability. The site's zoning allows for a mixed-use development, potentially including hotel and retail components, making it an attractive investment for developers seeking a high-impact project in a thriving Miami location. This single-tenancy property offers a blank canvas for a visionary project in a high-traffic area with excellent visibility and access. The substantial lot size and prime location make this a rare opportunity for significant returns.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction CONCRETE
Total area 7,100 SF
Lot 0.92 ac (39,901 SF)
Zoning code 6600:COMMERCIAL,LIBERAL
APN 30-3026-009-0010
UPID US18-4505237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Big Box & Wholesale Store
  • Roofing Company General Contractor
  • Restaurant Take-out & Catering
  • Restaurant

Location

7411 NW 36Th St Miami, FL 33166
Miami metro Census 9102 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6600:COMMERCIAL,LIBERAL · Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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