New Construction Retail/Office/Medical
8966 Bird Rd Miami, FL 33165
For Sale
$14,800,000
Four-story building with retail, office, and parking. Seller financing.
Property Size45,829 SF
Price / SF$322.94
Days on Market95
Property Features for 8966 Bird Rd
General Information
- Standard status
- Active
- Size
- 45,829 SF
- Property subtype
- Commercial
Listing Agency:
ONE SOTHEBY'S INTERNATIONAL REALTY
(786) 301-2220
Listed By:
Barbara Elmir · License #A12031212
(786) 301-2220
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 4:47AM
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 ONE SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This new Class "A" four-story building is located on the Bird Road Corridor, west of the Palmetto Expressway. The property offers 45,829 square feet of versatile space suitable for retail, office, or medical use. The first floor includes 3,021 square feet of retail space, while the second through fourth floors provide 12,808 square feet of office space. A 24,127-square-foot parking area includes a 43-space garage, expandable to 80 spaces with valet service. The building also features a 1,500-square-foot covered canopy on the roof. The location benefits from a daily traffic count exceeding 60,000 vehicles, multiple side-seen faces for signage with 100x50 ft of exposure, and XL stainless finish elevators suitable for stretchers or medical equipment. Potential uses include primary care, urgent care, imaging, labs, social services, or a corporate business center. Seller financing is available. The location has a bike score of 57, indicating it is bikeable, a walk score of 82, indicating it is very walkable, and a transit score of 36, indicating some transit options are available.
Key Highlights
- Class "A" new construction building offering 45,829sqft of versatile space.
- Located on the Bird Rd Corridor just west of the Palmetto Expressway with 60k+ daily traffic count, ensuring maximum exposure.
- Includes a 24,127sqft parking area with a 43‑space garage, expandable to 80 spots with valet.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.06M | $45.00 |
| − Vacancy | −$309.3k | −$6.75 |
| EGI | $1.75M | $38.25 |
| − OpEx | −$438.2k | −$9.56 |
| NOI | $1.31M | $28.69 |
45,829 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$21.36M
$18.69M – $24.92M
NOI $1,495,202 @ 7.0% cap · market cap 10.10%
Second Best
Office B
$18.78M
$16.43M – $21.91M
NOI $1,314,719 @ 7.0% cap · market cap 8.88%
Theoretical Best
Specialty Retail
$30.93M
$27.07M – $36.09M
NOI $2,165,441 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Four-story building with retail, office, and parking. Seller financing.
Where is this office building located?
The property is located at 8966 Bird Rd Miami, FL.
What is the asking price?
The asking price for this property is $14,800,000.
What are key features of this property?
This property features: Class "A" new construction building offering 45,829sqft of versatile space.; Located on the Bird Rd Corridor just west of the Palmetto Expressway with 60k+ daily traffic count, ensuring maximum exposure.; Includes a 24,127sqft parking area with a 43‑space garage, expandable to 80 spots with valet.
