Flex Space with Restaurant
1341 SW 8th St, Miami, FL 33135
For Sale
Contact for pricing
The property has a new roof and has passed its 40-year recertification.
Property Size2,046 SF
Price / SF$9.78
Days on Market11
Property Features for 1341 SW 8th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Penn Diaz Realty LLC
Listed By:
Dalgis Penin · License FL #3399525
Source:
Allyandaj
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 10 at 5:43PM
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 Penn Diaz Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space in Miami has a new roof and passed its 40-year recertification. A certificate of use is noted for restaurant, bar and grille, and entertainment activity.
The property is on SW 8th Street in Little Havana’s Calle Ocho Arts & Entertainment District. The description reports that the historic district draws 8,000 tourists each day.
The property is on SW 8th Street in Little Havana’s Calle Ocho Arts & Entertainment District. The description reports that the historic district draws 8,000 tourists each day.
Key Highlights
- Passed 40‑year recertification
- New roof
- Certificate of use noted for restaurant, bar and grille, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,487
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,740
$549.7K
Cap Rate 7%
$392,671
$392.7K
Cap Rate 9%
$305,411
$305.4K
Market Conditions
NOI Build-Up for 2,046 SF
Gross rent
$41.2K $20.16/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$39.3K $19.19/SF
− OpEx
−$11.8K −$5.76/SF
NOI
$27.5K $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%
$549,740
Cap Rate 7%
$392,671
Cap Rate 9%
$305,411
Alternative Uses
Best Use
Flex RnD
$428.6K
$375.0K – $500.1K
NOI $30,003 @ 7.0% cap
Second Best
Industrial
$392.7K
$343.6K – $458.1K
NOI $27,487 @ 7.0% cap
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,674 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,360
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
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Chefs Mark or Oren — SW 11th St, Miami, FL 33135
- Food Solutions — 1020 SW 6th St, Miami, FL 33130
- Bella Personal Chef — 102 SW 6th Ave, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Flex space - The property has a new roof and has passed its 40-year recertification.
Where is this flex space located?
The property is located at 1341 SW 8th St Miami, FL.
What are key features of this property?
This property features: Passed 40‑year recertification; New roof; Certificate of use noted for restaurant, bar and grille, and entertainment
