Calle Ocho Retail
5765-5767 SW 8th St West Miami, FL
For Sale
Contact for pricing
Retail building on Calle Ocho with redevelopment potential.
Property Size1,400 SF
Lot Size0.05 Acres
Price / SF$564.29
Days on Market494
Property Features for 5765-5767 SW 8th St
General Information
Standard status
Active
Size
1,400 SF
Lot size
0.05 Acres
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(305) 794-1945
Listed By:
Alessandro Lima · License #3404498
(305) 281-4469
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:57AM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This retail building is located on Calle Ocho and offers 1,400 square feet of recently remodeled retail space. The property includes parking in the rear. Situated between Coral Gables and West Miami, the site benefits from high traffic counts. The property's T-6-8-O mixed-use, high-density zoning makes it suitable for redevelopment.
Key Highlights
- Prime location on Calle Ocho with massive traffic counts.
- Recently remodeled 1,400 Sqft retail space.
- Mixed‑use, high‑density zoning (T‑6‑8‑O) ideal for redevelopment.
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 | $37.0k | $26.40 |
| − Vacancy | −$3.1k | −$2.24 |
| EGI | $33.8k | $24.16 |
| − OpEx | −$10.1k | −$7.25 |
| NOI | $23.7k | $16.91 |
1,400 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$338.2K
$295.9K – $394.6K
NOI $23,673 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.3K
$621.5K – $828.7K
NOI $49,720 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail building on Calle Ocho with redevelopment potential.
Where is this retail space located?
The property is located at 5765-5767 SW 8th St West Miami, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Prime location on Calle Ocho with massive traffic counts.; Recently remodeled 1,400 Sqft retail space.; Mixed‑use, high‑density zoning (T‑6‑8‑O) ideal for redevelopment.
