Retail Space on a Commercial
8382 SW 40th St #8382, Miami, FL 33155
For Sale
Contact for pricing
The space is part of a retail property on SW 40th Street in Miami.
Property Size85,412 SF
Price / SF$0.00
Days on Market10
Property Features for 8382 SW 40th St #8382
General Information
Standard status
Size
Property subtype
Amenities
4.07849 acres
Parcel Number: 30-40-22-010-0070, Public Survey Range: 40, Public Survey Section: 22, Public Survey Township: 40, Annual Amount: $205,301, Legal Description: 22 54 40 PB 7-116 THE PERRY GAZLAY REALTY CO LOT 4 LESS S75FT & LESS N25FT BLK 2 LOT SIZE 177659 SQ FT OR 12751-2273/18361-1190 1198 4, Zoning: 6061
Listing ID: A12117523, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-11-03, 7 days on market, Special Conditions: Lease
Built in 1974, Living area: 85412, Living area units: Square Feet
County/Parish: Miami-Dade County
Leasable area: 1082, Leasable area units: Square Feet
Building Details
Year Built
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Ashley Gonzalez · License FL #3494072
(305) 479-8961
Source:
Riserealty
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 2:27PM
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 Real Estate Sales Force
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,082-square-foot retail space is located within a commercial property at 8382 SW 40th St in Miami. The building was constructed in 1974.
The address places the space on SW 40th Street, a commercial corridor in Miami.
The address places the space on SW 40th Street, a commercial corridor in Miami.
Key Highlights
- 1,082 SF of retail space
- Located at 8382 SW 40th St in Miami
- Building dates to 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,786,625
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,732,500
$55.7M
Cap Rate 7%
$39,808,929
$39.8M
Cap Rate 9%
$30,962,500
$31.0M
Market Conditions
NOI Build-Up for 85,412 SF
Gross rent
$4.44M $51.96/SF
− Vacancy
−$457.1K −$5.35/SF
EGI
$3.98M $46.61/SF
− OpEx
−$1.19M −$13.98/SF
NOI
$2.79M $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%
$55,732,500
Cap Rate 7%
$39,808,929
Cap Rate 9%
$30,962,500
Alternative Uses
Best Use
Retail
$39.81M
$34.83M – $46.44M
NOI $2,786,625 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$57.65M
$50.45M – $67.26M
NOI $4,035,755 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The space is part of a retail property on SW 40th Street in Miami.
Where is this retail space located?
The property is located at 8382 SW 40th St #8382 Miami, FL.
What are key features of this property?
This property features: 1,082 SF of retail space; Located at 8382 SW 40th St in Miami; Building dates to 1974
