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    Three-Story Renovated Medical Office Title is generated by Realmo AI

    232 SW 8th St ENTIRE BUILDING, Miami, FL 33130

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    Standalone building with on-site parking and direct SW 8th Street exposure for medical and professional uses.

    Type:Commercial
    Lot size:
    0.16 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 5:33 am

    Property Features for 232 SW 8th St ENTIRE BUILDING

    General Information

    Standard status
    Active
    Lot size
    0.16 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Amilcar Fuentes
    Amilcar Fuentes

    Listing agent Amilcar Fuentes License #3291228

    Listing office FLORIDA CAPITAL REALTY

    Listing date Jun 1, 2026

    Source Elliman

    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 FLORIDA CAPITAL REALTY

    HighLights

    • Standalone three‑story commercial/medical office building built in 1972, recently renovated
    • Entire building available for lease, suitable for medical office, professional office, wellness, or other approved commercial uses
    • Direct exposure on SW 8th Street, the main vehicular entrance from I‑95 into Brickell, with approx. 13,500 vehicles per day
    • 14 on‑site parking spaces on a 7,000 SF lot
    • Located at the entrance of Brickell near Brickell City Centre and Brickell Transit Station, with access to Metrorail and Metromover
    • High walk/bike/transit scores: WalkScore 97, bikeScore 83, transitScore 99

    Overview

    This is a stand-alone, three-story commercial/medical office building being offered for lease in recently renovated condition. The property is configured for office and clinic-style operations and is available as the entire building, giving an operator or tenant team control over layout, branding, and day-to-day use. On-site amenities include 14 parking spaces located on a 7,000 SF lot.

    The building is positioned at the entrance of Brickell on SW 8th Street, described as the main vehicular access from I-95 into the district. The remarks indicate strong street exposure and an approximate 13,500 vehicles per day count, along with signage potential. Transit access is also a major factor, with proximity to Brickell City Centre, Brickell Transit Station, Metrorail, and Metromover, plus nearby restaurants, residential towers, hotels, and major office corridors.

    With full-building availability, the space can support a range of concepts, including medical office, professional office, wellness, corporate headquarters, boutique service business, and showroom uses, subject to approval. The combination of street frontage, prominent positioning, and dedicated parking is designed to support tenant visibility and customer access in a high-demand, high-barrier-to-entry Brickell setting.
    Location Intelligence

    Current Use by Public Records

    Injury Clinic Miami Medical Clinic Clinica De Accidente Medical Clinic Medway Supply Department Store Christina Moreno Alternative Medicine Practice Matthew Holmes Alternative Medicine Practice

    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.

    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?
    Office building - Standalone building with on-site parking and direct SW 8th Street exposure for medical and professional uses.
    Where is this office building located?
    The property is located at 232 SW 8th St ENTIRE BUILDING Miami, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Standalone three‑story commercial/medical office building built in 1972, recently renovated; Entire building available for lease, suitable for medical office, professional office, wellness, or other approved commercial uses; Direct exposure on SW 8th Street, the main vehicular entrance from I‑95 into Brickell, with approx. 13,500 vehicles per day
    (305) 824-7261
    We can help!
    Listing Contact
    Amilcar Fuentes
    Amilcar Fuentes
    Real Estate License ID: 3291228
    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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