Retail Space with Rear
For Sale
Contact for pricing
6251 SW 8th Street #6271, Miami, FL 33144
Street-facing retail unit with on-site parking and access to walking, biking, and transit options.
Property Size21,979 SF
Price / SF$0.00
Days on Market85
Property Features for 6251 SW 8th Street #6271
General Information
Standard status
Active
Size
21,979 SF
Property subtype
Retail
Site & Location
Neighborhood
Flagami
Building Details
Year Built
1951
Listing Agency:
Maddux & Company
(305) 264-9661
Listed By:
Javier Alfredo Amado · License #3302442
(954) 804-4924
Source:
Lehmannflorida
Added: Aug 12
Changed: Nov 3
Last Checked: Nov 3 at 6:48AM
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 Maddux & Company
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Investment Insights
Based on property information with market context.
This retail space includes a 1,268-square-foot unit within a building constructed in 1951. Parking is available behind the building, providing on-site convenience for the property’s retail use.
The property is positioned along SW 8th Street in Miami, Florida. Area mobility scores include a Walk Score of 65, a Bike Score of 58, and a Transit Score of 35, reflecting some pedestrian, bicycle, and transit access.
The property is positioned along SW 8th Street in Miami, Florida. Area mobility scores include a Walk Score of 65, a Bike Score of 58, and a Transit Score of 35, reflecting some pedestrian, bicycle, and transit access.
Key Highlights
- 1,268‑square‑foot retail unit
- On‑site parking located behind the building
- Located along SW 8th Street in Miami, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$717,080
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,341,600
$14.3M
Cap Rate 7%
$10,244,000
$10.2M
Cap Rate 9%
$7,967,556
$8.0M
Market Conditions
NOI Build-Up for 21,979 SF
Gross rent
$1.14M $51.96/SF
− Vacancy
−$117.6K −$5.35/SF
EGI
$1.02M $46.61/SF
− OpEx
−$307.3K −$13.98/SF
NOI
$717.1K $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%
$14,341,600
Cap Rate 7%
$10,244,000
Cap Rate 9%
$7,967,556
Alternative Uses
Best Use
Retail
$10.24M
$8.96M – $11.95M
NOI $717,080 @ 7.0% cap · market cap 3,259,454.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.84M
$12.98M – $17.31M
NOI $1,038,518 @ 7.0% cap · market cap 4,720,536.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,147
Businesses Nearby
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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
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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 - Street-facing retail unit with on-site parking and access to walking, biking, and transit options.
Where is this retail space located?
The property is located at 6251 SW 8th Street #6271 Miami, FL.
What are key features of this property?
This property features: 1,268‑square‑foot retail unit; On‑site parking located behind the building; Located along SW 8th Street in Miami, FL
