1-Story Flex Industrial
For Sale
$1,575,000
3219 Sw 8th Street MIAMI, Miami, FL 33135
Single-story flex/industrial building with onsite parking and strong street presence on Calle Ocho.
Property Size1,822 SF
Price / SF$864.43
Days on Market61
Property Features for 3219 Sw 8th Street MIAMI
General Information
Standard status
Active
Size
1,822 SF
Zoning
6100
Taxes and HOA fees
Annual Taxes
$14,960
Amenities
1
true
5650
50 x 113
0.13
false
Asphalt
Crawlspace
City Street
1822
Building Details
Building Size
1,822 SF
Year Built
1937
Buildings
1
Stories
1
Listed By:
Kylee Shaw
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Sep 4
Last Checked: Sep 5 at 3:37AM
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 Kylee Shaw
Investment Insights
Based on property information with market context.
This offering is a 1-story flex/industrial building with a total building area of 1,822 square feet. The property is positioned for practical use across multiple industrial and urban commercial needs, with flexibility for warehouse, storage, contractor support, auto/service uses, retail, and last-mile urban distribution. Onsite parking supports day-to-day operations and customer or employee access.
The property sits on iconic Calle Ocho (SW 8th St / SR 90), providing direct street presence along a major thoroughfare. The location is described as offering access to the urban core, major arterials, and surrounding neighborhoods, which can be valuable for operators that need convenient reach throughout the area.
For tenants or buyers seeking a compact flex industrial site, this building offers a straightforward footprint for a range of service and distribution-oriented concepts. The combination of a 1-story layout, onsite parking, and visibility on SW 8th St / SR 90 supports operational practicality for storage, service, and neighborhood-oriented retail or distribution activity.
The property sits on iconic Calle Ocho (SW 8th St / SR 90), providing direct street presence along a major thoroughfare. The location is described as offering access to the urban core, major arterials, and surrounding neighborhoods, which can be valuable for operators that need convenient reach throughout the area.
For tenants or buyers seeking a compact flex industrial site, this building offers a straightforward footprint for a range of service and distribution-oriented concepts. The combination of a 1-story layout, onsite parking, and visibility on SW 8th St / SR 90 supports operational practicality for storage, service, and neighborhood-oriented retail or distribution activity.
Key Highlights
- 1‑story flex/industrial building with 1,822 SF total building area
- 0.13‑acre lot (50 x 113) with city street road frontage
- Onsite parking included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,188,880
$1.2M
Cap Rate 7%
$849,200
$849.2K
Cap Rate 9%
$660,489
$660.5K
Market Conditions
NOI Build-Up for 1,822 SF
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.
Gross rent
$94.7K $51.96/SF
− Vacancy
−$9.8K −$5.35/SF
EGI
$84.9K $46.61/SF
− OpEx
−$25.5K −$13.98/SF
NOI
$59.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,188,880
Cap Rate 7%
$849,200
Cap Rate 9%
$660,489
Alternative Uses
Best Use
Retail
$849.2K
$743.1K – $990.7K
NOI $59,444 @ 7.0% cap · market cap 3.77%
Second Best
Warehouse
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 1.89%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.43M
NOI $86,090 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,660
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Single-story flex/industrial building with onsite parking and strong street presence on Calle Ocho.
Where is this flex space located?
The property is located at 3219 Sw 8th Street MIAMI Miami, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 1‑story flex/industrial building with 1,822 SF total building area; 0.13‑acre lot (50 x 113) with city street road frontage; Onsite parking included
