Retail Space in Little
For Sale
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1756 SW 8th St 204, Miami, FL 33135
600 sq ft retail space in high-traffic Little Havana.
Property Size7,920 SF
Lot Size0.27 Acres
Price / SF$3.75
Days on Market241
Property Features for 1756 SW 8th St 204
General Information
Standard status
Active
Size
7,920 SF
Lot size
0.27 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Shenandoah North
Taxes and HOA fees
Annual Taxes
$37,984
Building Details
Building Size
7,920 SF
Year Built
1974
Listing Agency:
Compass Florida, LLC
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Source:
Elliman
Added: Mar 10
Changed: Oct 26
Last Checked: Nov 4 at 2:06PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 600 sq ft retail space is located in Little Havana, a high-traffic neighborhood of Miami. The property is a short drive from Brickell. The open layout is suitable for customization. Potential uses include a boutique, gallery, café, or office. The location is surrounded by restaurants, shops, and tourist attractions, providing visibility and a constant flow of visitors.
Key Highlights
- Prime location in Little Havana, a high‑traffic and culturally rich Miami neighborhood.
- Versatile 600 sq ft open layout suitable for various retail or office uses.
- Excellent visibility and constant flow of visitors due to proximity to restaurants, shops, and tourist attractions.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,575
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,500
$391.5K
Cap Rate 7%
$279,643
$279.6K
Cap Rate 9%
$217,500
$217.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$31.2K $51.96/SF
− Vacancy
−$3.2K −$5.35/SF
EGI
$28.0K $46.61/SF
− OpEx
−$8.4K −$13.98/SF
NOI
$19.6K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,500
Cap Rate 7%
$279,643
Cap Rate 9%
$217,500
Alternative Uses
Best Use
Retail
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 870.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 1,260.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
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
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - 600 sq ft retail space in high-traffic Little Havana.
Where is this retail space located?
The property is located at 1756 SW 8th St 204 Miami, FL.
What are key features of this property?
This property features: Prime location in Little Havana, a high‑traffic and culturally rich Miami neighborhood.; Versatile 600 sq ft open layout suitable for various retail or office uses.; Excellent visibility and constant flow of visitors due to proximity to restaurants, shops, and tourist attractions.
