Corner Lot Retail
1008 Sw 8th St Miami, FL 33130
For Sale
Contact for pricing
Corner lot with 88 ft frontage on SW 8th Street and gated parking for customer or tenant use.
Property Size8,959 SF
Price / SF$664.14
Days on Market8
Property Features for 1008 Sw 8th St
General Information
Standard status
Active
Size
8,959 SF
Property subtype
RETAIL
Listing Agency:
Florida Commercial Real Estate Group at RE/MAX Consultants Realty I
(954) 681-3737
Listed By:
Candy Yeung · License #3332544
Source:
Moodyscre
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 29 at 3:49AM
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 Florida Commercial Real Estate Group at RE/MAX Consultants Realty I
Investment Insights
Based on property information with market context.
This corner-lot retail building offers gated parking and an elevated setting, with the public remarks noting it has never flooded in 30 years of ownership. The property’s configuration and frontage are geared toward strong storefront presence and easy customer approach.
Located at 1008 SW 8th St, Miami, FL 33130, the asset features 88 ft of frontage on Calle Ocho (SW 8th Street). The public remarks describe high traffic and a busy tourist spot, with visibility from both foot and drive traffic.
Public remarks also indicate lenient and generous zoning, which the listing states could support a range of uses, including restaurant/bar/cafe, MedSpa and medical practices (such as dentistry, ophthalmology, and cosmetic surgery), florist, bank, daycare, specialty school, and dance studio, as well as indoor virtual reality activities (including golf simulation and escape rooms). The remarks cite population growth in Little Havana during the period from April 2020 to July 1, 2024.
Located at 1008 SW 8th St, Miami, FL 33130, the asset features 88 ft of frontage on Calle Ocho (SW 8th Street). The public remarks describe high traffic and a busy tourist spot, with visibility from both foot and drive traffic.
Public remarks also indicate lenient and generous zoning, which the listing states could support a range of uses, including restaurant/bar/cafe, MedSpa and medical practices (such as dentistry, ophthalmology, and cosmetic surgery), florist, bank, daycare, specialty school, and dance studio, as well as indoor virtual reality activities (including golf simulation and escape rooms). The remarks cite population growth in Little Havana during the period from April 2020 to July 1, 2024.
Key Highlights
- Corner lot with 88 ft frontage on Calle Ocho (SW 8th Street)
- High‑traffic area with visibility from foot and drive traffic
- Gated parking for customer or tenant use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $465.5k | $51.96 |
| − Vacancy | −$47.9k | −$5.35 |
| EGI | $417.6k | $46.61 |
| − OpEx | −$125.3k | −$13.98 |
| NOI | $292.3k | $32.63 |
8,959 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.18M
$3.65M – $4.87M
NOI $292,294 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.05M
$5.29M – $7.06M
NOI $423,317 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Corner lot with 88 ft frontage on SW 8th Street and gated parking for customer or tenant use.
Where is this retail space located?
The property is located at 1008 Sw 8th St Miami, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Corner lot with 88 ft frontage on Calle Ocho (SW 8th Street); High‑traffic area with visibility from foot and drive traffic; Gated parking for customer or tenant use
