Freestanding Automotive Repair
For Sale
$3,300,000
8730 SW 8th St, Miami, FL 33174
Commercial Sale, Miami, FL
Property Size3,920 SF
Lot Size0.26 Acres
Price / SF$841.84
Days on Market69
Property Features for 8730 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
30-40-09-004-0020
Lot size
0.26 Acres
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
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Brick, Block
Roof type
Composition, Tar/Gravel
Listing Agency:
Keller Williams Realty Miami Beach
(305) 695-1112
Listed By:
Vilma Natale · License #3187218
(305) 494-8709
Added: Jun 16
Changed: Aug 19
Last Checked: Aug 23 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This freestanding automotive property includes a 3,920-square-foot building on more than 11,000 square feet of land. The site is currently used for tire sales and automotive repair and has supported continuous business operations for more than 45 years. Construction includes brick and block materials, with tile and concrete flooring, central air conditioning, electric heating, a composition and tar/gravel roof, public water, and a septic tank.
The property is located at 8730 SW 8th St in Miami’s Westchester area, directly on SW 8th Street/Calle Ocho near SW 87th Avenue. The corridor carries more than 50,000 vehicles daily. BU-2 is identified as the primary land-use designation and allows mixed-use residential and retail opportunities. The building was constructed in 1981.
The property is located at 8730 SW 8th St in Miami’s Westchester area, directly on SW 8th Street/Calle Ocho near SW 87th Avenue. The corridor carries more than 50,000 vehicles daily. BU-2 is identified as the primary land-use designation and allows mixed-use residential and retail opportunities. The building was constructed in 1981.
Key Highlights
- 3,920‑square‑foot freestanding automotive building
- More than 11,000 square feet of land
- Established tire and automotive repair operation with more than 45 years of continuous business operations
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
Lease Details
50,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
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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Frequently Asked Questions
What type of property is this?
Auto shop - Established tire and repair operation with BU-2 land use along a heavily traveled commercial corridor.
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: 3,920‑square‑foot freestanding automotive building; More than 11,000 square feet of land; Established tire and automotive repair operation with more than 45 years of continuous business operations
