Retail Space with Two
2151 SW 8th St, Miami, FL 33135
For Sale
$1,159,999
Commercial Sale, Miami, FL
Property Size2,782 SF
Lot Size0.07 Acres
Price / SF$416.97
Days on Market134
Property Features for 2151 SW 8th St
General Information
Property type
Property subtype
Zoning description
Security features
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
2 private offices
3 individual restrooms
Building Details
Year built
Floors in Building
Listing Agency:
Douglas Elliman
(305) 695-6060
Listed By:
Miguel Solis · License FL #0624178
(305) 343-9554
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# A11953243
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail property at 2151 SW 8th Street in Miami is currently used for religious purposes and occupied on a month-to-month lease. The interior includes two private offices and three individual restrooms. Its layout can be configured as two separate units, each with its own entrance and FPL meter.
The property is on SW 8th Street, also known as Calle Ocho, with access to Coral Gables, Coconut Grove, and the Brickell and downtown corridor. Retail use is supported by the stated zoning.
The property is on SW 8th Street, also known as Calle Ocho, with access to Coral Gables, Coconut Grove, and the Brickell and downtown corridor. Retail use is supported by the stated zoning.
Key Highlights
- Configurable as two separate units, each with its own entrance and FPL meter
- Two private offices and three individual restrooms
- Current religious use under a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,765
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,300
$1.8M
Cap Rate 7%
$1,296,643
$1.3M
Cap Rate 9%
$1,008,500
$1.0M
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$144.6K $51.96/SF
− Vacancy
−$14.9K −$5.35/SF
EGI
$129.7K $46.61/SF
− OpEx
−$38.9K −$13.98/SF
NOI
$90.8K $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%
$1,815,300
Cap Rate 7%
$1,296,643
Cap Rate 9%
$1,008,500
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,765 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,451 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,552
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
$396,700
Median Home Value
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Market
Average Price Trend$/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 - Currently occupied under a month-to-month lease for religious use, with two private offices and three restrooms.
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: Configurable as two separate units, each with its own entrance and FPL meter; Two private offices and three individual restrooms; Current religious use under a month‑to‑month lease
