Retail Space with Two
2151 SW 8th Street Miami, FL 33135
For Sale
$1,259,999
Retail space zoned for retail use, currently on a month-to-month lease, with private offices and three restrooms.
Property Size2,782 SF
Price / SF$452.91
Days on Market187
Property Features for 2151 SW 8th Street
General Information
- Standard status
- Active
- Size
- 2,782 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1947
Listing Agency:
(305) 343-9554
Listed By:
Douglas Elliman
(305) 343-9554
Source:
Xome
Added: Jan 17
Changed: Jul 22
Last Checked: Jul 23 at 3:26AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
Offered for sale is an approximately 3,000-square-foot retail space at 2151 SW 8 Street. The property is zoned for retail use and is currently occupied on a month-to-month lease, with the space presently utilized for religious purposes. Interior features include two private offices and three individual restrooms.
The space can be divided into two separate units, each with its own door and FPL meters, with about 1,400 square feet per unit. The offering includes flexibility for an owner-user or investor, and the property is described as easy to show with notice.
This retail configuration supports multiple-use layouts within the same overall asset, while maintaining two distinct entries and separate meter setups.
The space can be divided into two separate units, each with its own door and FPL meters, with about 1,400 square feet per unit. The offering includes flexibility for an owner-user or investor, and the property is described as easy to show with notice.
This retail configuration supports multiple-use layouts within the same overall asset, while maintaining two distinct entries and separate meter setups.
Key Highlights
- Approximately 3,000 SF retail space at 2151 SW 8 Street on iconic Calle Ocho
- Zoned for retail use and currently occupied on a month‑to‑month lease (religious use)
- Can be divided into two separate units with 2 separate doors and FPL meters
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 | $144.6k | $51.96 |
| − Vacancy | −$14.9k | −$5.35 |
| EGI | $129.7k | $46.61 |
| − OpEx | −$38.9k | −$13.98 |
| NOI | $90.8k | $32.63 |
2,782 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,765 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,451 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail space zoned for retail use, currently on a month-to-month lease, with private offices and three restrooms.
Where is this retail space located?
The property is located at 2151 SW 8th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,259,999.
What are key features of this property?
This property features: Approximately 3,000 SF retail space at 2151 SW 8 Street on iconic Calle Ocho; Zoned for retail use and currently occupied on a month‑to‑month lease (religious use); Can be divided into two separate units with 2 separate doors and FPL meters
