Medical Office Building with
For Sale
$1,795,000
Pending
2135 SW 8 street, Miami, FL 33135
Medical office building built in 1949 with 13 parking spaces, currently used for medical office.
Property Size4,197 SF
Lot Size0.24 Acres
Days on Market3091
Property Features for 2135 SW 8 street
General Information
Standard status
Pending
Size
4,197 SF
Lot size
0.24 Acres
Property subtype
General Commercial
Zoning
T6-8O 6100
Amenities
3
13 Parking Spaces.
86
Building Details
Year Built
1949
Buildings
1
Building Size
4,197 SF
Listing Agency:
Executive Real Estate Advisors Corp.
(786) 580-2551
Listed By:
Omar Gonzalez · License #SL3317632
(786) 580-2551
Source:
Xome
Added: Feb 13, 2018
Changed: Jul 30
Last Checked: Jul 30 at 9:12PM
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 Executive Real Estate Advisors Corp.
Investment Insights
Based on property information with market context.
Medical office and retail-style building totaling 4,197 sq. ft. with 13 parking spaces. The property is currently being used as a medical office, and other professional uses are mentioned as possibilities.
Set on a total lot size of 10,322 sq. ft. at 2135 SW 8 Street in Miami, in the Little Havana area. The building is identified with T6-8O zoning in the remarks.
Built in 1949, this space offers a combination of office use and on-site parking, with the overall site size supporting flexibility for future planning as described in the provided information.
Set on a total lot size of 10,322 sq. ft. at 2135 SW 8 Street in Miami, in the Little Havana area. The building is identified with T6-8O zoning in the remarks.
Built in 1949, this space offers a combination of office use and on-site parking, with the overall site size supporting flexibility for future planning as described in the provided information.
Key Highlights
- 4,197 sq. ft. office/retail building
- 13 parking spaces
- Total lot size of 10,322 sq. ft.
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 | $218.1k | $51.96 |
| − Vacancy | −$22.5k | −$5.35 |
| EGI | $195.6k | $46.61 |
| − OpEx | −$58.7k | −$13.98 |
| NOI | $136.9k | $32.63 |
4,197 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.96M
$1.71M – $2.28M
NOI $136,930 @ 7.0% cap · market cap 7.63%
Second Best
Office B
$1.72M
$1.51M – $2.01M
NOI $120,401 @ 7.0% cap · market cap 6.71%
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.31M
NOI $198,310 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building built in 1949 with 13 parking spaces, currently used for medical office.
Where is this medical office space located?
The property is located at 2135 SW 8 street Miami, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 4,197 sq. ft. office/retail building; 13 parking spaces; Total lot size of 10,322 sq. ft.
