Commercial Stores with
For Sale
$1,650,000
40 SW 8th Avenue, Miami, FL 33130
Two commercial stores totaling 1800 SF with parking.
Property Size1,800 SF
Days on Market315
Property Features for 40 SW 8th Avenue
General Information
Standard status
Active
Size
1,800 SF
Zoning
6110
Taxes and HOA fees
Annual Taxes
$12,111
Building Details
Building Size
1,800 SF
Year Built
1972
Listing Agency:
Distinctive Estates,Inc.
Listed By:
Daniel B Matos
(786) 299-1641
Source:
Laerrealty
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 7 at 9:34AM
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 Distinctive Estates,Inc.
Investment Insights
Based on property information with market context.
This property features a building with two commercial stores, totaling 1800 square feet. The building includes parking in the rear and has a clear 40-year certification. One of the stores is currently occupied by a barber shop with a 1-year lease. The second store is currently vacant. The property benefits from a location with heavy traffic and visibility and is situated minutes from the downtown bridge.
Key Highlights
- Two commercial stores totaling 1800 sqft.
- Great location with heavy traffic and visibility.
- Parking in rear.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,051
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,020
$1.7M
Cap Rate 7%
$1,215,014
$1.2M
Cap Rate 9%
$945,011
$945.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$115.1K $63.96/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$113.4K $63.00/SF
− OpEx
−$28.4K −$15.75/SF
NOI
$85.1K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,020
Cap Rate 7%
$1,215,014
Cap Rate 9%
$945,011
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,051 @ 7.0% cap · market cap 5.15%
Second Best
Retail
$838.9K
$734.1K – $978.8K
NOI $58,726 @ 7.0% cap · market cap 3.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,110
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial stores totaling 1800 SF with parking.
Where is this storefront property located?
The property is located at 40 SW 8th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two commercial stores totaling 1800 sqft.; Great location with heavy traffic and visibility.; Parking in rear.
