8868 40th St Miami, FL 33165-5410
Turn key restaurants
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Entity Owned
Absentee Owner
~
Est. High Equity
No photos on file
For Sale
Contact for pricing
8868 40th St, Miami, FL 33165-5410
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Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID
US18-3247941
Property summary
AI-generated overview
This exceptional Class A retail property presents a compelling investment opportunity. Located at 8868 SW 40th St, Miami, FL 33165, in the Bird Road Corridor Urban Area District, this single-story, 4,339 square foot building sits on an 18,750 square foot lot. The property is subject to an absolute NNN lease with Curaleaf, a TSX-listed company with approximately $1.3 billion in 2023 revenue. The lease commenced October 23, 2024, and has a remaining term of 9.9 years, expiring October 22, 2034. The lease includes two five-year renewal options and features a 10% rent increase every five years. The property boasts a strong net operating income (NOI) of $310,000, resulting in an attractive 6.75% cap rate. The asking price is $4,592,592. The building underwent renovations in 2024. This is a fee simple ownership opportunity with significant long-term potential. The property's APN is 30-4021-000-0171. This is a rare chance to acquire a high-quality, net-leased property anchored by a financially stable, nationally recognized tenant in a prime Miami location.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Construction
CONCRETE
Total area
4,216 SF
Lot
0.43 ac (18,750 SF)
Zoning code
6062
APN
30-4021-000-0171
UPID
US18-3247941
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$355k
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
6062 · Miami, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$355k
Value range
$320k – $391k
±10% around blend
Estimated value / SF
$84 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$320k
blend $355k
$391k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,216 SF
Lot area
0.43 ac
Year built
1958
Stories
1
APN
30-4021-000-0171
Assessed value
$1,783,381
Annual tax
$30,480
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.17M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 3,397 SF
8.7 mi away · 3,754 SF
10.2 mi away · 4,632 SF
14.3 mi away · 3,516 SF
16.1 mi away · 5,079 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$355k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 134 sales
$742
-89%
County 163 sales
$747
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $84/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.78M
Move the market yield to see immediate price impact.
Value / SF
$423
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$112k
$2.25M
$1.61M
$1.25M
$125k
$2.50M
$1.78M
$1.39M
$137k
$2.75M
$1.96M
$1.53M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$3.25M
4.5 mi · Oct 2025 · $926/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,480
Tax year 2023
Assessed value
$1,783,381
Assessed 2023
Previous assessed
$2,017,386
-11.6% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,781,250
Assessed improvement
$2,131
Land market value
$1,781,250
Improvement market value
$2,131
Total market value
$1,783,381
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,216 SF
Lot
0.43 ac (18,750 SF)
Zoning code
6062
APN
30-4021-000-0171
UPID
US18-3247941
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FLZoning 6062 · permitted uses
6062 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6062
Jurisdiction
Miami, FL
Recorded code
6062
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6062 in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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