First-Floor Residential Income
8500 SW 133rd Ave Road, Miami, FL 33183
For Sale
$260,000
The condo has an open living and dining area, two bedrooms, two bathrooms, and a private patio.
Property Size965 SF
Price / SF$269.43
Days on Market23
Property Features for 8500 SW 133rd Ave Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Amenities
pool
tennis courts
security
gated community
private patio
Listing Agency:
Florida New Dream Corp.
(954) 374-9534
Listed By:
Madleyn Elena Cardozo Gonzalez · License FL #3510074
(786) 763-6740
Source:
Lehmannflorida
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 8:27AM
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 Florida New Dream Corp.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor condo in Horizons West contains 965 square feet, with two bedrooms and two bathrooms. Its layout includes an open living and dining area, spacious bedrooms, and a private patio.
The gated community offers a pool, tennis courts, and security. The property is just off Kendall Drive, near shopping, restaurants, supermarkets, and schools, with access to Florida’s Turnpike.
The gated community offers a pool, tennis courts, and security. The property is just off Kendall Drive, near shopping, restaurants, supermarkets, and schools, with access to Florida’s Turnpike.
Key Highlights
- 965‑square‑foot condo with 2 bedrooms and 2 bathrooms
- First‑floor unit with a private patio
- Gated community with a pool, tennis courts, and security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,827
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,540
$356.5K
Cap Rate 7%
$254,671
$254.7K
Cap Rate 9%
$198,078
$198.1K
Market Conditions
NOI Build-Up for 965 SF
Gross rent
$34.7K $36.00/SF
− Vacancy
−$2.3K −$2.41/SF
EGI
$32.4K $33.59/SF
− OpEx
−$14.6K −$15.11/SF
NOI
$17.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,540
Cap Rate 7%
$254,671
Cap Rate 9%
$198,078
Alternative Uses
Best Use
Apartment 5plus
$254.7K
$222.8K – $297.1K
NOI $17,827 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$651.4K
$570.0K – $760.0K
NOI $45,597 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 33183, FL
35,891
Population
12,734
Households
2.8
Avg Household Size
44
Median Age
31%
College-Educated
85%
High-School Grad
5.5 sq mi
ZIP Area
6,526
Density / Sq Mi
$67,741
Median Household Income
$40,468
Median Earnings
$1,880
Median Rent
$372,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Miami, FL
Properties on Market for Residential income properties in Miami
Frequently Asked Questions
What type of property is this?
Residential income property - The condo has an open living and dining area, two bedrooms, two bathrooms, and a private patio.
Where is this residential income property located?
The property is located at 8500 SW 133rd Ave Road Miami, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 965‑square‑foot condo with 2 bedrooms and 2 bathrooms; First‑floor unit with a private patio; Gated community with a pool, tennis courts, and security
