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    Spa, Hair & Nail Studio Title is generated by Realmo AI

    218 NW 8th St, Miami, FL 33136

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    For Lease
    $56 SF/Yr

    Special Purpose - Miami, FL

    Added:
    Mar 19, 2026
    Days on Market:
    53
    Last Refresh:
    May 10 at 9:06 am

    Property Features for 218 NW 8th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    6110
    Parking features
    Garage
    Security features
    Fire Sprinkler System
    Interior features
    Fire Sprinkler System
    Standard status
    Active
    APN
    01-01-04-060-1010

    Utilities

    Sewer type
    Other
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Other

    Building Details

    Year built
    2021
    Number of units
    360
    Flooring type
    Tile, Tile - Ceramic
    Architectural style
    Other

    We can help!

    Listing Contact
    Heriberto Rios
    Heriberto Rios

    Listing agent Heriberto Rios License #3304847

    Listing office Canvas Real Estate 2883 Executive Park Dr, Suite, Weston, FL

    Listing date Mar 19, 2026

    MLS# A11985976 Listing URL

    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.

    HighLights

    • Fully equipped and elegantly furnished Spa, Hair & Nail Studio ready for immediate operation.
    • Located within the prestigious Arte Grand Central, a 360‑unit luxury apartment building in Downtown Miami.
    • Includes 2 Massage Therapy Rooms, Hair Salon with 2 chairs, and Nail Studio.
    • Access to Sauna and Waterfall Shower.
    • Private parking for spa customers.
    • Opportunity to advertise the spa in the building front.

    Overview

    This is a unique opportunity to lease a fully equipped and elegantly furnished Spa, Hair & Nail Studio at Arte Grand Central, ready to be opened and provide services to residents and outside customers. The space includes 2 Massage Therapy Rooms, a Hair Salon with 2 chairs, and a Nail Studio with access to the Sauna and Waterfall Shower. Arte Grand Central is an 18-story luxury living apartment community with 360 units in the heart of Downtown Miami. Private parking is available to spa customers, and there is space available to advertise the spa in the front of the building. The property is zoned 6110.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arte Grand Central Real Estate Agency Done Right Junk ... Electric Utility Company Blink Charging Station Electric Vehicle Charging Station CarWash Points - Arte ... Car Wash IT IS ROSES ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Miami Chill — 66 W Flagler St suite 900, Miami, FL 33130
    • Xera Cares — 19 W Flagler St Suite M104, Miami, FL 33130
    • Sunshine Infusion Ketamine Therapy & Wellness — 33 SW 2nd Ave suite 702, Miami, FL 33130
    • Ivas Beauty Bar — 175 SE 3rd Ave, Miami, FL 33131
    • Alive Wellness Center — 217 SE 1st St, Miami, FL 33131

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.198543
    Latitude
    25.765961

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    FAQs

    What type of property is this?
    Spa & wellness property - Lease a fully equipped Spa, Hair & Nail Studio.
    Where is this spa & wellness property located?
    The property is located at 218 NW 8th St Miami, FL.
    What is the lease rate?
    The lease rate is $56 SF/Yr.
    What are key features of this property?
    This property features: Fully equipped and elegantly furnished Spa, Hair & Nail Studio ready for immediate operation.; Located within the prestigious Arte Grand Central, a 360‑unit luxury apartment building in Downtown Miami.; Includes 2 Massage Therapy Rooms, Hair Salon with 2 chairs, and Nail Studio.
    (954) 332-7121
    We can help!
    Listing Contact
    Heriberto Rios
    Heriberto Rios
    Real Estate License ID: 3304847
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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