Automotive Service and Tire
For Sale
$4,000,000
8765 Bird Road, Miami, FL 33165
Automotive service property with multiple bays, ample parking, and prominent signage on a heavily traveled roadway.
Property Size3,820 SF
Days on Market55
Property Features for 8765 Bird Road
General Information
Standard status
Active
Size
3,820 SF
Zoning
6462
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
3,820 SF
Year Built
1961
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 229-2419
Listed By:
Giovanni Bertolotti · License #3257942
(786) 229-2419
Source:
Laerrealty
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 23 at 2:53AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This automotive property is currently operating as a fully functional service and tire center with multiple service bays. The site includes ample parking and prominent signage, supporting day-to-day customer access and service operations.
The property is located on Bird Road (SW 40th Street), a highly trafficked commercial corridor, with convenient access to major regional routes including the Palmetto Expressway (SR-826) and Florida’s Turnpike. The frontage position and roadway visibility are designed for strong street-level awareness.
For an owner-user, the existing service-bay setup supports continued automotive service and tire sales with minimal changes. For investors or redevelopment-minded buyers, the combination of functional improvements, on-site parking, and high-visibility frontage provides flexibility for future automotive-oriented uses, subject to applicable approvals.
The property is located on Bird Road (SW 40th Street), a highly trafficked commercial corridor, with convenient access to major regional routes including the Palmetto Expressway (SR-826) and Florida’s Turnpike. The frontage position and roadway visibility are designed for strong street-level awareness.
For an owner-user, the existing service-bay setup supports continued automotive service and tire sales with minimal changes. For investors or redevelopment-minded buyers, the combination of functional improvements, on-site parking, and high-visibility frontage provides flexibility for future automotive-oriented uses, subject to applicable approvals.
Key Highlights
- Automotive service property built in 1961
- Multiple service bays and a fully functional tire and automotive service center
- Ample on‑site parking
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
$124,630
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
3.12%
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%
$2,492,600
$2.5M
Cap Rate 7%
$1,780,429
$1.8M
Cap Rate 9%
$1,384,778
$1.4M
Market Conditions
NOI Build-Up for 3,820 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
$198.5K $51.96/SF
− Vacancy
−$20.4K −$5.35/SF
EGI
$178.0K $46.61/SF
− OpEx
−$53.4K −$13.98/SF
NOI
$124.6K $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%
$2,492,600
Cap Rate 7%
$1,780,429
Cap Rate 9%
$1,384,778
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,630 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$733.1K
$641.5K – $855.3K
NOI $51,320 @ 7.0% cap · market cap 1.28%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,497 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
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 - Automotive service property with multiple bays, ample parking, and prominent signage on a heavily traveled roadway.
Where is this auto shop located?
The property is located at 8765 Bird Road Miami, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Automotive service property built in 1961; Multiple service bays and a fully functional tire and automotive service center; Ample on‑site parking
