Two-Unit Storefront
For Sale
Contact for pricing
1000-1008 SW 8th Street, Miami, FL 33130
Corner building with gated parking, full occupancy, and flexible T6-8-O zoning.
Property Size8,959 SF
Price / SF$708.78
Days on Market195
Property Features for 1000-1008 SW 8th Street
General Information
Standard status
Active
Size
8,959 SF
Class
C
Property subtype
Retail
Zoning
T6-8-O
Occupancy
100%
Additional Details
Corner Location
Yes
Amenities
Gated Parking
Building Details
Year Built
1924
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Consultants Realty 1
(954) 767-4667
Listed By:
Candy Yeung, CCIM · License #3332544
Source:
Crexi
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 7:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Consultants Realty 1
Investment Insights
Based on property information with market context.
This 8,959-square-foot retail building contains 2 units and dates to 1924. The property is currently 100% occupied and includes gated parking. Zoning is designated T6-8-O, with the source describing generous permitted-use flexibility. The building occupies a corner site at 1000-1008 SW 8th Street in Miami’s Little Havana district.
The property offers 88 feet of storefront exposure along SW 8th Street and 131 feet along SW 10th Avenue. I-95 is approximately 2 minutes away, Brickell is about 1 mile from the property, and Wynwood and Midtown are approximately 15 minutes away. The building has reportedly remained above flood impacts during 30 years of ownership.
The property offers 88 feet of storefront exposure along SW 8th Street and 131 feet along SW 10th Avenue. I-95 is approximately 2 minutes away, Brickell is about 1 mile from the property, and Wynwood and Midtown are approximately 15 minutes away. The building has reportedly remained above flood impacts during 30 years of ownership.
Key Highlights
- 8,959 SF retail building with 2 units
- 100% occupied with gated parking
- 88 ft of storefront frontage on SW 8th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$292,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,845,880
$5.8M
Cap Rate 7%
$4,175,629
$4.2M
Cap Rate 9%
$3,247,711
$3.2M
Market Conditions
NOI Build-Up for 8,959 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$465.5K $51.96/SF
− Vacancy
−$47.9K −$5.35/SF
EGI
$417.6K $46.61/SF
− OpEx
−$125.3K −$13.98/SF
NOI
$292.3K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,845,880
Cap Rate 7%
$4,175,629
Cap Rate 9%
$3,247,711
Alternative Uses
Best Use
Retail
$4.18M
$3.65M – $4.87M
NOI $292,294 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.05M
$5.29M – $7.06M
NOI $423,317 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,291
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner building with gated parking, full occupancy, and flexible T6-8-O zoning.
Where is this storefront property located?
The property is located at 1000-1008 SW 8th Street Miami, FL.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: 8,959 SF retail building with 2 units; 100% occupied with gated parking; 88 ft of storefront frontage on SW 8th Street
