Calle Ocho Retail Space
2151 SW 8th St Miami, FL 33135
For Sale
$1,159,999
Retail space on Calle Ocho, suitable for owner-user or investor.
Property Size3,000 SF
Price / SF$386.67
Days on Market98
Property Features for 2151 SW 8th St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
(305) 343-9554
Listed By:
Miguel Solis PA
(305) 343-9554
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 12:18PM
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 Miguel Solis PA
Investment Insights
Based on property information with market context.
Located on Calle Ocho (SW 8 Street), this retail space offers a commercial opportunity in a vibrant Miami district. The property encompasses approximately 3,000 square feet and is zoned for retail use. Currently, the space is occupied on a month-to-month lease and utilized for religious purposes, providing flexibility for either an owner-user or investor. The layout includes two private offices and three individual restrooms. The space can be divided into two separate units of approximately 1,400 square feet each, with two separate doors and FPL meters. Its location provides access to Coral Gables, Coconut Grove, and the Brickell/Downtown corridor. The area has a walk score of 84, indicating it is very walkable, a bike score of 55, indicating it is bikeable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Prime location on iconic Calle Ocho (SW 8 Street)
- 3,000 sq ft retail space with flexibility for owner‑user or investor
- Zoned for retail use
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 | $155.9k | $51.96 |
| − Vacancy | −$16.1k | −$5.35 |
| EGI | $139.8k | $46.61 |
| − OpEx | −$41.9k | −$13.98 |
| NOI | $97.9k | $32.63 |
3,000 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,877 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.03M
$1.77M – $2.36M
NOI $141,751 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space on Calle Ocho, suitable for owner-user or investor.
Where is this retail space located?
The property is located at 2151 SW 8th St Miami, FL.
What is the asking price?
The asking price for this property is $1,159,999.
What are key features of this property?
This property features: Prime location on iconic Calle Ocho (SW 8 Street); 3,000 sq ft retail space with flexibility for owner‑user or investor; Zoned for retail use
