Freestanding Auto
For Sale
$3,300,000
87 AVE SW 8th St, Miami, FL 33174
Commercial Sale, Miami, FL
Property Size3,920 SF
Lot Size0.26 Acres
Price / SF$841.84
Days on Market124
Property Features for 87 AVE SW 8th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6400
Parking
18
Security features
Security System
Subdivision
40
Standard status
Active
APN
30-40-09-004-0000
Lot size
0.26 Acres
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Business Included
Yes
Additional Details
Automotive Uses
tire service, auto repair
Taxes and HOA fees
Tax Description
IDEAL VILLA HOME TRACT PB 6-188 ALL LOT 5 & WLY 26FT OF LOT 4 BLK 1 LYG S OF TRAIL R/W LOT SIZE 11364 SQ FT OR 10875-208 0480 1
Legal Description
IDEAL VILLA HOME TRACT PB 6-188 ALL LOT 5 & WLY 26FT OF LOT 4 BLK 1 LYG S OF TRAIL R/W LOT SIZE 11364 SQ FT OR 10875-208 0480 1
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Brick, CBS (Concrete Block Structure), Block
Roof type
Composition, Tar/Gravel
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty Miami Beach
(305) 695-1112
Listed By:
Vilma Natale · License #3187218
(305) 494-8709
Added: Jun 30
Changed: Oct 31
Last Checked: Oct 31 at 4:06AM
MLS# A12022588
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 freestanding automotive property includes a 3,920-square-foot building constructed in 1981. A tire shop and automotive repair operation currently occupy the site, with continuous business activity spanning more than 45 years. The building has tile and concrete flooring, central air conditioning, and central electric heat.
The 0.2609-acre property fronts SW 8th Street, also known as Calle Ocho, near SW 87th Avenue in Miami. More than 50,000 vehicles pass the corridor daily. The primary land-use designation is BU-2, which supports mixed-use residential and retail opportunities.
The 0.2609-acre property fronts SW 8th Street, also known as Calle Ocho, near SW 87th Avenue in Miami. More than 50,000 vehicles pass the corridor daily. The primary land-use designation is BU-2, which supports mixed-use residential and retail opportunities.
Key Highlights
- 3,920‑square‑foot building on 0.2609 acres
- Currently operating tire shop and automotive repair business
- More than 45 years of continuous business operations
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - An operating tire and repair business occupies a site designated BU-2 for mixed-use residential and retail opportunities.
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 0.2609 acres; Currently operating tire shop and automotive repair business; More than 45 years of continuous business operations
