Freestanding Commercial Property on Calle
For Sale
$3,300,000
8730 SW 8th Street, Miami, FL 33174
High-traffic location with existing auto repair business and mixed-use potential.
Property Size11,364 SF
Lot Size0.25 Acres
Price / SF$290.39
Days on Market141
Property Features for 8730 SW 8th Street
General Information
Standard status
Active
Size
11,364 SF
Lot size
0.25 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1981
Listing Agency:
Keller Williams Realty Miami Beach
Listed By:
Vilma Natale · License #3187218
(305) 494-8709
Source:
Onesothebysrealty
Added: May 21
Changed: Sep 27
Last Checked: Oct 7 at 1:48PM
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 Keller Williams Realty Miami Beach
Investment Insights
Based on property information with market context.
This freestanding commercial property is located in a high-traffic area of Westchester, directly on SW 8th Street, also known as Calle Ocho, just off SW 87th Avenue. The property features a 3,920-square-foot building on a site with over 11,000 square feet of land. Situated along one of Miami’s busiest commercial corridors, the location benefits from high visibility and exposure, with a daily traffic count exceeding 50,000 vehicles. The primary land use is BU-2, which allows for mixed-use residential and retail opportunities. The property currently operates as a well-established tire shop and automotive repair business, with over 45 years of continuous operation and strong community recognition. The location has a bike score of 50, indicating it is bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 45, indicating some transit options are available. The business potential qualifies for E-2 business visa.
Key Highlights
- Prime location on SW 8th Street/Calle Ocho with high visibility and traffic (50,000+ vehicles daily).
- Large 11,000+ sq ft land parcel with a 3,920 sq ft building.
- BU‑2 zoning allows for mixed‑use residential and retail development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,671
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,053,420
$3.1M
Cap Rate 7%
$2,181,014
$2.2M
Cap Rate 9%
$1,696,344
$1.7M
Market Conditions
NOI Build-Up for 11,364 SF
Gross rent
$229.1K $20.16/SF
− Vacancy
−$11.0K −$0.97/SF
EGI
$218.1K $19.19/SF
− OpEx
−$65.4K −$5.76/SF
NOI
$152.7K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,053,420
Cap Rate 7%
$2,181,014
Cap Rate 9%
$1,696,344
Alternative Uses
Best Use
Retail
$5.30M
$4.63M – $6.18M
NOI $370,758 @ 7.0% cap · market cap 11.24%
Second Best
Industrial
$2.18M
$1.91M – $2.54M
NOI $152,671 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$7.67M
$6.71M – $8.95M
NOI $536,954 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - High-traffic location with existing auto repair business and mixed-use potential.
Where is this auto shop located?
The property is located at 8730 SW 8th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime location on SW 8th Street/Calle Ocho with high visibility and traffic (50,000+ vehicles daily).; Large 11,000+ sq ft land parcel with a 3,920 sq ft building.; BU‑2 zoning allows for mixed‑use residential and retail development.
