Freestanding Commercial Property on Calle
For Sale
$3,300,000
8730 SW 8th St, Miami, FL 33174
High-traffic location with existing auto repair business and mixed-use potential.
Property Size3,920 SF
Lot Size0.25 Acres
Price / SF$841.84
Days on Market84
Property Features for 8730 SW 8th St
General Information
Standard status
Active
Size
3,920 SF
Lot size
0.25 Acres
Property subtype
Industrial
Building Details
Building Size
3,920 SF
Year Built
1981
Stories
1
Listing Agency:
Keller Williams Realty
(305) 984-6795
Listed By:
Ruben Cruz LLC · License #3187218
(305) 984-6795
Source:
Elliman
Added: May 21
Changed: Aug 10
Last Checked: Aug 12 at 5:54AM
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
Investment Insights
Based on property information with market context.
This freestanding commercial property is located in a high-traffic area of Westchester, directly on SW 8th Street, also known as Calle Ocho, just off SW 87th Avenue. The property features a 3,920-square-foot building on a site with over 11,000 square feet of land. Situated along one of Miami’s busiest commercial corridors, the location benefits from high visibility and exposure, with a daily traffic count exceeding 50,000 vehicles. The primary land use is BU-2, which allows for mixed-use residential and retail opportunities. The property currently operates as a well-established tire shop and automotive repair business, with over 45 years of continuous operation and strong community recognition. The location has a bike score of 50, indicating it is bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 45, indicating some transit options are available. The business potential qualifies for E-2 business visa.
Key Highlights
- Prime location on SW 8th Street/Calle Ocho with high visibility and traffic (50,000+ vehicles daily).
- Large 11,000+ sq ft land parcel with a 3,920 sq ft building.
- BU‑2 zoning allows for mixed‑use residential and retail development.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- MaxTV — 959 SW 87th Ave, Miami, FL 33174
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Frequently Asked Questions
What type of property is this?
Auto shop - High-traffic location with existing auto repair business and mixed-use potential.
Where is this auto shop located?
The property is located at 8730 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: Prime location on SW 8th Street/Calle Ocho with high visibility and traffic (50,000+ vehicles daily).; Large 11,000+ sq ft land parcel with a 3,920 sq ft building.; BU‑2 zoning allows for mixed‑use residential and retail development.
