Neighborhood Shopping Center Retail
For Sale
Contact for pricing
6113 SW 8th St, Miami, FL 33144
Open-plan commercial space with storefront signage, on-site parking, and convenient access to SR-836.
Property Size14,236 SF
Price / SF$0.40
Days on Market122
Property Features for 6113 SW 8th St
General Information
Standard status
Active
Size
14,236 SF
Property subtype
Retail
Site & Location
Neighborhood
Flagami
Highway Access
Yes
Building Details
Building Size
14,236 SF
Year Built
1956
Listing Agency:
Floridian First Realty Corp
Listed By:
Michelle Gonzalez · License #0649239
(305) 582-4352
Source:
Allyandaj
Added: Jul 6
Changed: Oct 31
Last Checked: Nov 3 at 12:06PM
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 Floridian First Realty Corp
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Investment Insights
Based on property information with market context.
This 2,088-square-foot retail suite is located within a neighborhood shopping center established in 1956. Its open, adaptable layout can accommodate retail, specialty services, fitness, medical, wellness, showroom, or office operations. Storefront exposure, prominent signage, and on-site parking support customer-facing use, while the space is available for immediate occupancy.
The property fronts SW 8th Street, also known as Tamiami Trail, in Miami. It is positioned near Coral Gables, West Miami, and Little Havana, with access to SR-836. The surrounding area combines dense residential population with a mix of nearby businesses, providing an established commercial setting for a range of users.
The property fronts SW 8th Street, also known as Tamiami Trail, in Miami. It is positioned near Coral Gables, West Miami, and Little Havana, with access to SR-836. The surrounding area combines dense residential population with a mix of nearby businesses, providing an established commercial setting for a range of users.
Key Highlights
- 2,088 SF retail suite in a neighborhood shopping center
- Open layout supports retail, office, medical, fitness, wellness, and showroom uses
- Storefront exposure with prominent signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$464,459
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,289,180
$9.3M
Cap Rate 7%
$6,635,129
$6.6M
Cap Rate 9%
$5,160,656
$5.2M
Market Conditions
NOI Build-Up for 14,236 SF
Gross rent
$739.7K $51.96/SF
− Vacancy
−$76.2K −$5.35/SF
EGI
$663.5K $46.61/SF
− OpEx
−$199.1K −$13.98/SF
NOI
$464.5K $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 Rate 5%
$9,289,180
Cap Rate 7%
$6,635,129
Cap Rate 9%
$5,160,656
Alternative Uses
Best Use
Retail
$6.64M
$5.81M – $7.74M
NOI $464,459 @ 7.0% cap · market cap 8,197.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.61M
$8.41M – $11.21M
NOI $672,657 @ 7.0% cap · market cap 11,871.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial space with storefront signage, on-site parking, and convenient access to SR-836.
Where is this retail space located?
The property is located at 6113 SW 8th St Miami, FL.
What are key features of this property?
This property features: 2,088 SF retail suite in a neighborhood shopping center; Open layout supports retail, office, medical, fitness, wellness, and showroom uses; Storefront exposure with prominent signage
