Freestanding Auto
For Sale
$3,300,000
87 AVE SW 8th St, Miami, FL 33174
BU-2 land use supports mixed-use residential and retail opportunities at an established automotive service site.
Property Size3,920 SF
Price / SF$841.84
Days on Market166
Property Features for 87 AVE SW 8th St
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Industrial
Zoning
BU-2
Site & Location
Neighborhood
Brickell Village
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Business Included
Yes
Automotive Uses
tire service, auto repair
Building Details
Building Size
3,920 SF
Year Built
1981
Buildings
1
Listing Agency:
Keller Williams Realty Miami Beach
Listed By:
Vilma Natale · License #3187218
(305) 932-0722
Source:
Signaturemiamirealestate
Added: May 20
Changed: Oct 31
Last Checked: Oct 31 at 2:26PM
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 Keller Williams Realty Miami Beach
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Investment Insights
Based on property information with market context.
The freestanding property includes a 3,920-square-foot building on more than 11,000 square feet of land. The site currently operates as a tire shop and automotive repair business, with continuous business operations spanning more than 45 years.
Located on SW 8th Street, also known as Calle Ocho, just off SW 87th Avenue in Miami, the property fronts a commercial corridor carrying more than 50,000 vehicles daily. Its primary land use is BU-2, which allows mixed-use residential and retail opportunities.
Located on SW 8th Street, also known as Calle Ocho, just off SW 87th Avenue in Miami, the property fronts a commercial corridor carrying more than 50,000 vehicles daily. Its primary land use is BU-2, which allows mixed-use residential and retail opportunities.
Key Highlights
- 3,920‑square‑foot building on more than 11,000 square feet of land
- Operating tire shop and automotive repair business with more than 45 years of continuous operations
- BU‑2 land use allows mixed‑use residential and retail opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,893
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,557,860
$2.6M
Cap Rate 7%
$1,827,043
$1.8M
Cap Rate 9%
$1,421,033
$1.4M
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$203.7K $51.96/SF
− Vacancy
−$21.0K −$5.35/SF
EGI
$182.7K $46.61/SF
− OpEx
−$54.8K −$13.98/SF
NOI
$127.9K $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%
$2,557,860
Cap Rate 7%
$1,827,043
Cap Rate 9%
$1,421,033
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,893 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$752.3K
$658.3K – $877.7K
NOI $52,664 @ 7.0% cap · market cap 1.60%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,222 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19,578
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Safety Tech Auto Glass — 19 SE 14th St, Miami, FL 33145
- Safety Tech Auto Glass Miami — 19 se 14th st parking, miami, fl 33145
- Albert tires — Miami, FL 33131
- Al's Auto Care — 1260 Brickell Bay Dr, Miami, FL 33131
- Honest and Affordable Towing Ltd. — 233 SW 12th St, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Auto shop - BU-2 land use supports mixed-use residential and retail opportunities at an established automotive service site.
Where is this auto shop located?
The property is located at 87 AVE SW 8th St Miami, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 3,920‑square‑foot building on more than 11,000 square feet of land; Operating tire shop and automotive repair business with more than 45 years of continuous operations; BU‑2 land use allows mixed‑use residential and retail opportunities
