Three-Story Office
For Sale
Contact for pricing
232 SW 8th St Unit ENTIRE BUILDING, Miami, FL 33130
Renovated, freestanding commercial property with on-site parking near Brickell’s business and residential district.
Property Size5,170 SF
Lot Size0.16 Acres
Price / SF$0.01
Days on Market161
Property Features for 232 SW 8th St Unit ENTIRE BUILDING
General Information
Standard status
Active
Size
5,170 SF
Total Parking Spaces
14
Lot size
0.16 Acres
Property subtype
Office
Site & Location
Neighborhood
West Brickell
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Condition
Newly Renovated
Property Use
Medical Office
Building Details
Building Size
5,170 SF
Year Built
1972
Buildings
1
Stories
3
Listing Agency:
Fortune Christie's International Real Estate
Listed By:
The Cofresi Group
Source:
Cofresi
Added: May 20
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
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 Fortune Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This freestanding office building has three floors and 5,170 square feet of building area. Renovations are noted, and the property includes 14 on-site parking spaces on a 7,000-square-foot lot. Its commercial office configuration is suited to professional or medical office occupancy.
The building fronts SW 8th Street at the I-95 entrance to Brickell, with reported traffic of approximately 13,500 vehicles per day. Brickell City Centre, Brickell Transit Station, Metrorail and Metromover are identified nearby, along with restaurants, hotels, residential towers and office corridors.
The building fronts SW 8th Street at the I-95 entrance to Brickell, with reported traffic of approximately 13,500 vehicles per day. Brickell City Centre, Brickell Transit Station, Metrorail and Metromover are identified nearby, along with restaurants, hotels, residential towers and office corridors.
Key Highlights
- Three‑story freestanding office building with 5,170 square feet
- Renovated building on a 7,000 SF lot
- 14 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,615
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,300
$1.7M
Cap Rate 7%
$1,223,071
$1.2M
Cap Rate 9%
$951,278
$951.3K
Market Conditions
NOI Build-Up for 5,170 SF
Gross rent
$155.1K $30.00/SF
− Vacancy
−$12.4K −$2.40/SF
EGI
$142.7K $27.60/SF
− OpEx
−$57.1K −$11.04/SF
NOI
$85.6K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,300
Cap Rate 7%
$1,223,071
Cap Rate 9%
$951,278
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,314 @ 7.0% cap · market cap 197,752.00%
Second Best
Healthcare Medical
$1.22M
$1.07M – $1.43M
NOI $85,615 @ 7.0% cap · market cap 114,153.33%
Theoretical Best
Specialty Retail
$3.49M
$3.05M – $4.07M
NOI $244,285 @ 7.0% cap · market cap 325,713.33%
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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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15,952
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Renovated, freestanding commercial property with on-site parking near Brickell’s business and residential district.
Where is this office building located?
The property is located at 232 SW 8th St Unit ENTIRE BUILDING Miami, FL.
What are key features of this property?
This property features: Three‑story freestanding office building with 5,170 square feet; Renovated building on a 7,000 SF lot; 14 on‑site parking spaces
