Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    218 NW 8Th St Miami, FL 33136

    View on Map
    Sponsored
    For Lease
    $56 SF/Yr

    Special Purpose - Miami, FL

    Days on Market:
    7
    Last Refresh:
    Mar 25 at 7:06 pm

    Property Features for 218 NW 8Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Sprinkler System
    Zoning
    6110
    APN
    01-01-04-060-1010
    Parking features
    Garage
    Interior features
    Fire Sprinkler System

    Utilities

    Sewer type
    Other
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Other

    Building Details

    Year built
    2021
    Number of units
    360
    Flooring type
    Tile, Tile - Ceramic
    Architectural style
    Other

    We can help!

    Listing Contact
    Heriberto Rios
    Heriberto Rios

    Canvas Real Estate

    Listing agent Heriberto Rios License #3304847

    Listing date Mar 19, 2026

    MLS# A11985976 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spa, Hair & Nail Studio

    This is a unique opportunity to lease a fully equipped and elegantly furnished Spa, Hair & Nail Studio at Arte Grand Central, ready to be opened and provide services to residents and outside customers. The space includes 2 Massage Therapy Rooms, a Hair Salon with 2 chairs, and a Nail Studio with access to the Sauna and Waterfall Shower. Arte Grand Central is an 18-story luxury living apartment community with 360 units in the heart of Downtown Miami. Private parking is available to spa customers, and there is space available to advertise the spa in the front of the building. The property is zoned 6110.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arte Grand Central Real Estate Agency Done Right Junk ... Electric Utility Company Blink Charging Station Electric Vehicle Charging Station CarWash Points - Arte ... Car Wash IT IS ROSES ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Miami Chill, Xera Cares, Sunshine Infusion Ketamine Therapy & Wellness, Ivas Beauty Bar, Alive Wellness Center

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.198543
    Latitude
    25.765961

    Nearby Similar for Lease

    • $17 SF/Yr

      Versatile Standalone Building in Miami

      Adaptable medical/office/retail/flex space near Miami Shores and Barry University.
      10190 NW 7Th Ave, Miami, FL 33150
      View Details
    • $2,700 /Mo

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront Four Ambassadors building.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $1,400 /Mo

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront district available for lease.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $1,600 /Mo

      Brickell Office Space with Amenities

      Office space in Brickell with waterfront views and included amenities.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $2,900 /Mo

      Kendall Office Space For Rent

      Professional office space in Kendall, 1,088 SF, ready for occupancy.
      13406 SW 128Th St, Miami, FL 33186
      View Details
    • $2,500 /Mo

      Miami Office Space For Rent

      Well-maintained office space with modern amenities, ready for immediate occupancy.
      10769 SW 104Th St, Miami, FL 33176
      View Details
    • $8,000 /Mo

      Versatile Commercial Space in Miami

      Adaptable space for manufacturing, storage, distribution, or office use.
      7025 NW 7Th Ave, Miami, FL 33150
      View Details
    • $23 SF/Yr

      Versatile Commercial Space Near Downtown

      Adaptable commercial space suitable for various business operations.
      7025 NW 7Th Ave, Miami, FL 33150
      View Details
    • $16 SF/Yr

      Iconic Miami Tower Office Space

      Move-in ready office suites in a landmark Miami tower.
      100 SE 2, Miami, FL 33131
      View Details
    • $12 SF/Yr

      Iconic Miami Tower Office Space

      Move-in ready office suites in a prime Miami location.
      100 SE 2, Miami, FL 33131
      View Details
    • $10,000 /Mo

      Little Havana Retail Space Available

      Prime retail space in vibrant Little Havana on SW 8th.
      1782 SW 8, Miami, FL 33174
      View Details
    • $12 SF/Yr

      Move-In Ready Office Suites

      Office suites with flexible terms and bay views in Miami.
      2 S Biscayne Blvd, Miami, FL 33131
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Lease a fully equipped Spa, Hair & Nail Studio.
    Where is this spa & wellness property located?
    The property is located at 218 NW 8Th St Miami, FL.
    What is the lease rate?
    The lease rate is $56 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped and elegantly furnished Spa, Hair & Nail Studio ready for immediate operation.; - Located within the prestigious Arte Grand Central, a 360-unit luxury apartment building in Downtown Miami.; - Includes 2 Massage Therapy Rooms, Hair Salon with 2 chairs, and Nail Studio.
    (954) 332-7121
    Request Owner's contact information
    218 NW 8Th St Miami, FL 33136
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    218 NW 8Th St
    Miami, FL 33136
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 NW 8Th St Miami, FL 33136
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Heriberto Rios
    Heriberto Rios
    Real Estate License ID: 3304847
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!