Two-Story Mixed-Use
8740 NE 2nd Ave # 8740, El Portal, FL 33138
For Sale
Contact for pricing
Four private offices and flexible open area support a range of office and retail layouts.
Property Size7,344 SF
Lot Size0.17 Acres
Price / SF$0.89
Days on Market190
Property Features for 8740 NE 2nd Ave # 8740
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Building Details
Building Size
Year Built
Stories
Listing Agency:
Beachfront Realty Inc
Listed By:
Mazal Ben David · License #3343827
(786) 294-4520
Source:
Emporiore
Added: May 3
Changed: Nov 8
Last Checked: Nov 7 at 8:45PM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This 1,814-square-foot, two-story mixed-use property combines four private offices with additional open space. The layout is described for professional office, showroom, or destination retail use. Built in 1944, the building occupies an approximately 7,344-square-foot lot and has gated on-site parking for 10 vehicles.
The property is at 8740 NE 2nd Ave in El Portal, Florida. The Citadel Food Hall is identified as a nearby destination.
The property is at 8740 NE 2nd Ave in El Portal, Florida. The Citadel Food Hall is identified as a nearby destination.
Key Highlights
- 1,814 square feet across two stories
- Four private offices plus flexible open space
- Gated on‑site parking with 10 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,181
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,620
$2.5M
Cap Rate 7%
$1,774,014
$1.8M
Cap Rate 9%
$1,379,789
$1.4M
Market Conditions
NOI Build-Up for 7,344 SF
Gross rent
$193.9K $26.40/SF
− Vacancy
−$16.5K −$2.24/SF
EGI
$177.4K $24.16/SF
− OpEx
−$53.2K −$7.25/SF
NOI
$124.2K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,620
Cap Rate 7%
$1,774,014
Cap Rate 9%
$1,379,789
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.24M
NOI $194,653 @ 7.0% cap · market cap 2,994.66%
Second Best
Mixed Use
$1.81M
$1.58M – $2.11M
NOI $126,684 @ 7.0% cap · market cap 1,948.98%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,814 @ 7.0% cap · market cap 4,012.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Miami-Dade County, FL
Properties on Market for Mixed-use properties in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four private offices and flexible open area support a range of office and retail layouts.
Where is this mixed-use property located?
The property is located at 8740 NE 2nd Ave # 8740 El Portal, FL.
What are key features of this property?
This property features: 1,814 square feet across two stories; Four private offices plus flexible open space; Gated on‑site parking with 10 spaces
