Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6264 8Th St West Miami, FL 33144
    Back to Search
    Property profile & analytics

    6264 8Th St, West Miami, FL 33144

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6264 8Th St

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This beautifully remodeled salon/spa is available for purchase in West Miami, Florida. Located at 6264 SW 8 Street, 33144, this turnkey storefront occupies a prime location within a busy shopping center in Miami-Dade County. The property boasts excellent visibility due to its placement in a high-traffic area known for its rich culture, vibrant atmosphere, and thriving business community. The abundance of foot and vehicle traffic generated by multiple co-tenants ensures a steady stream of potential customers. The salon/spa is fully licensed and operational, offering a serene and luxurious experience to its clientele. All licenses are current and valid, ensuring a smooth transition for the new owner. The asking price is $24,900. Motivated sellers are eager to find a qualified buyer. This presents a unique opportunity to acquire an established and profitable business in a desirable location. The property is easily accessible and benefits from strong local demographics. This is a rare chance to own a thriving business with significant growth potential. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2973
    Latitude
    25.7631

    Comparable in this City

    • Value Estimation by Request

      Med Spa For Sale In Flagami - Miami

      Individual retail properties
      0 Med Spa For Sale In Flagami - Miami, Miami, FL 33144
      View Details
    • Value Estimation by Request

      754 Flagami Blvd

      Individual retail properties
      754 Flagami Blvd, Miami, FL 33144
      View Details
    • Value Estimation by Request

      Beauty Salon For Sale In Flagler St

      Individual retail properties
      0 Beauty Salon For Sale In Flagler St, Miami, FL 33144
      View Details
    • Value Estimation by Request

      Med Spa For Sale In Flagami - Miami

      Individual retail properties
      0 Med Spa For Sale In Flagami - Miami, Miami, FL 33144
      View Details
    • Value Estimation by Request

      Beauty Salon For Sale In Flagler St

      Individual retail properties
      0 Beauty Salon For Sale In Flagler St, Miami, FL 33144
      View Details
    • Value Estimation by Request

      7383 8Th St

      Individual retail properties
      7383 8Th St, Miami, FL 33144
      View Details

    Similar Nearby for Sale

    • $700,000

      Established Beauty Supply Store Business

      Turnkey beauty supply store business for sale in Miami.
      7101 SW 8Th St, Miami, FL 33144
      View Details
    • Contact for pricing
      1,400 SF

      Calle Ocho Retail Building

      Retail building on Calle Ocho with redevelopment potential.
      5765-5767 SW 8Th St, West Miami, FL 33144
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      42,711 SF

      Miami Mixed-Use Leasing Opportunity

      3,000 Sq. Ft. space in a growing Miami neighborhood.
      1105 SW 70Th Ave, Miami, FL 33144
      View Details
    • Contact for pricing
      27,000 SF

      27,000 SF Retail Space Available

      27,000 SF retail space for lease in Miami.
      190 NW 79Th Ave, Miami, FL 33144
      View Details
    • $0.90 SF/Yr
      44,000 SF

      Prime Miami Retail Space

      700 sq ft, High-Traffic Location
      8100 8Th St, Miami, FL 33144
      View Details
    • $10 SF/Yr
      6,137 SF

      Prime Retail Space, SW 8th St

      High-visibility retail spaces available.
      7400 8Th St, Miami, FL 33144
      View Details
    • Contact for pricing

      Flagler Street Retail with Drive-Thru

      3,567 SF building with drive-thru on 1.2 acres.
      7901 West Flagler Street Ext, Miami, FL 33144
      View Details
    • $3,000 /Mo
      18,029 SF

      Retail Space on Flagler Street

      Retail or office space in a high-traffic Miami location.
      5755 W Flagler St, Miami, FL 33144
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6264 8Th St
    West Miami, FL 33144
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6264 8Th St, West Miami, FL, 33144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!