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New Construction Retail/Office/Medical Building

8966 Bird Rd Miami, FL 33165

Claim this Listing
For Sale
$14,800,000

Four-story building with retail, office, and parking. Seller financing.

Type:Commercial
Property size:
45,829 SF
Price / SF:
$322/SF
Added:
Apr 24, 2026
Days on Market:
81
Last Refresh:
Jul 2 at 12:28 pm

Property Features for 8966 Bird Rd

General Information

Standard status
Active
Size
45,829 SF
Property subtype
Commercial

Listing office One Sotheby's International Realty

Listing date Apr 24, 2026

Source Elliman

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 One Sotheby's International Realty


Investment Insights

Based on property information with market context.

This new Class "A" four-story building is located on the Bird Road Corridor, west of the Palmetto Expressway. The property offers 45,829 square feet of versatile space suitable for retail, office, or medical use. The first floor includes 3,021 square feet of retail space, while the second through fourth floors provide 12,808 square feet of office space. A 24,127-square-foot parking area includes a 43-space garage, expandable to 80 spaces with valet service. The building also features a 1,500-square-foot covered canopy on the roof. The location benefits from a daily traffic count exceeding 60,000 vehicles, multiple side-seen faces for signage with 100x50 ft of exposure, and XL stainless finish elevators suitable for stretchers or medical equipment. Potential uses include primary care, urgent care, imaging, labs, social services, or a corporate business center. Seller financing is available. The location has a bike score of 57, indicating it is bikeable, a walk score of 82, indicating it is very walkable, and a transit score of 36, indicating some transit options are available.

Key Highlights

  • Class "A" new construction building offering 45,829sqft of versatile space.
  • Located on the Bird Rd Corridor just west of the Palmetto Expressway with 60k+ daily traffic count, ensuring maximum exposure.
  • Includes a 24,127sqft parking area with a 43‑space garage, expandable to 80 spots with valet.

Local Financial Insights For Office B

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 $2.06M $45.00
− Vacancy −$309.3k −$6.75
EGI $1.75M $38.25
− OpEx −$438.2k −$9.56
NOI $1.31M $28.69
45,829 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Retail
$21.36M
$18.69M – $24.92M (±1% cap)
NOI $1,495,202 @ 7.0% cap · market cap 10.10%
Second Best
Office B
$18.78M
$16.43M – $21.91M (±1% cap)
NOI $1,314,719 @ 7.0% cap · market cap 8.88%
Theoretical Best
Specialty Retail
$30.93M
$27.07M – $36.09M (±1% cap)
NOI $2,165,441 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Real Estate Agency Grocery & Convenience Store Parking Lot & Garage Cafe & Coffee Shop Law Firm Bar & Pub Catering Service Locksmith Carpet & Flooring Store Butcher

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

FAQs

What type of property is this?
Office building - Four-story building with retail, office, and parking. Seller financing.
Where is this office building located?
The property is located at 8966 Bird Rd Miami, FL.
What is the asking price?
The asking price for this property is $14,800,000.
What are key features of this property?
This property features: Class "A" new construction building offering 45,829sqft of versatile space.; Located on the Bird Rd Corridor just west of the Palmetto Expressway with 60k+ daily traffic count, ensuring maximum exposure.; Includes a 24,127sqft parking area with a 43‑space garage, expandable to 80 spots with valet.
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