Listing Agency: Fausto Commercial Realty Show Phone

Listed By: Ashleen Cruz · License #3555022 Show Phone

Source: Moodyscre

Added: Mar 24, 2025 Changed: Sep 10 Last Checked: Sep 13 at 6:47AM

Report an Issue

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 Fausto Commercial Realty

Investment Insights

Based on property information with market context.

This retail building is located on Calle Ocho and offers 1,400 square feet of recently remodeled retail space. The property includes parking in the rear. Situated between Coral Gables and West Miami, the site benefits from high traffic counts. The property's T-6-8-O mixed-use, high-density zoning makes it suitable for redevelopment.

Key Highlights

• Prime location on Calle Ocho with massive traffic counts.
• Recently remodeled 1,400 Sqft retail space.
• Mixed‑use, high‑density zoning (T‑6‑8‑O) ideal for redevelopment.

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

$23,673

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

3.00%

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%

$473,460 $473.5K

Cap Rate 7%

$338,186 $338.2K

Cap Rate 9%

$263,033 $263.0K

Market Conditions

NOI Build-Up for 1,400 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

$37.0K $26.40/SF

− Vacancy

−$3.1K −$2.24/SF

EGI

$33.8K $24.16/SF

− OpEx

−$10.1K −$7.25/SF

NOI

$23.7K $16.91/SF

Area

Miami-Dade County, FL

Vacancy

8.50%

Lease Rate

$26.40 /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%

$473,460

Cap Rate 7%

$338,186

Cap Rate 9%

$263,033

Alternative Uses

Best Use

Retail

$338.2K

$295.9K – $394.6K (±1% cap)

NOI $23,673 @ 7.0% cap · market cap 3.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$710.3K

$621.5K – $828.7K (±1% cap)

NOI $49,720 @ 7.0% cap · market cap 6.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Garden Center Grocery & Convenience Store Pet Grooming Service Wine and Liquor Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,027

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Corner Duplex with Impact Windows

1460 SW 65th Ave, West Miami, FL 33144

$799,000

1,655 SF

View details

West Miami Spa Business Opportunity

Confidential, West Miami, FL 33144

$88,000

View details

Frequently Asked Questions

What type of property is this?

Retail space - Retail building on Calle Ocho with redevelopment potential.

Where is this retail space located?

The property is located at 5765-5767 SW 8th St West Miami, FL.

What is the asking price?

The asking price for this property is $790,000.

What are key features of this property?

This property features: Prime location on Calle Ocho with massive traffic counts.; Recently remodeled 1,400 Sqft retail space.; Mixed‑use, high‑density zoning (T‑6‑8‑O) ideal for redevelopment.