Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    8550 Flagler St Miami, FL 33144

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MILLENIUM HOME MORTGAGE / Mortgage Broker
    • Martha R. Alonso, PHD / Psychologist
    • Law Office of Humberto J. Corrales, P.A. / Legal Services
    • Cervantes Jesus O / Attorney
    • Premium Home Health Agency / Home Health Care Service

    Property Details for 8550 Flagler St

    Year built
    1982
    Property type
    Office Properties & Spaces

    Description

    This 1982-built office space, located at 8550 W Flagler St #113 in Miami, Florida (33144), is offered at $250,000. Situated on the ground floor, this property benefits from high visibility and easy accessibility, making it suitable for a variety of businesses. The office features modern interiors and ample natural light, contributing to a productive work environment. The building is well-maintained and provides ample parking for both staff and clients, a significant advantage in a busy urban area. Its location in Miami-Dade County offers excellent proximity to major highways, simplifying commutes and logistics. Furthermore, the surrounding area boasts a vibrant mix of retail and dining establishments, providing convenience and amenities for employees and visitors. This property presents a compelling opportunity for businesses seeking a strategic location in a thriving commercial district, offering both immediate operational benefits and long-term investment potential within the dynamic Miami market. The property's ground-floor position ensures high visibility and convenient access, making it an attractive option for businesses seeking a strong presence in a bustling area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3347
    Latitude
    25.7692

    Comparable in this City

    • Value Estimation by Request

      7383 8Th St

      Individual retail properties
      7383 8Th St, Miami, FL 33144
      View Details
    • Value Estimation by Request

      Sign Manufacturing & Installation Business For Sale

      Manufacturing properties
      0 Sign Manufacturing & Installation Business For Sale, Miami, FL 33144
      View Details
    • Value Estimation by Request

      8390 Flagler St

      Office Properties & Spaces
      8390 Flagler St, 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

      1350 Red Rd

      Multifamily properties
      1350 Red Rd, Miami, FL 33144
      View Details
    • Value Estimation by Request

      6355 8Th St

      Specialty properties
      6355 8Th St, West Miami, FL 33144
      View Details

    Similar Nearby for Sale

    • $875,000

      Prime Miami Medical Office Building

      Two Units, 4,084 SF, $875,000
      1350 Red Rd, Miami, FL 33144
      View Details
    • Contact for pricing

      Move-in Ready Miami Office Space

      Prime office space in Miami, versatile and move-in ready.
      7021 SW 13Th Ter, Miami, FL 33144
      View Details
    • New
      $4,900,000

      Freestanding Commercial Building on 8th

      Renovated 3,350 SF commercial building on a 13,353 SF lot.
      7101 SW 8Th St, Miami, FL 33144
      View Details
    • $7,500,000

      Flagler Street Professional Office Building

      100% occupied professional office building on Flagler Street.
      Miami, FL 33144
      View Details
    • Contact for pricing

      Commercial Space on 8th Street

      Commercial space with divided offices, parking, and client potential.
      6355 SW 8Th St 2-E, Miami, FL 33144
      View Details
    • Contact for pricing

      Office Space in Miami

      Office space for rent, water included in Miami, Florida.
      8080 W Flagler St, Miami, FL 33144
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      803 SF

      Flagler Street Office Suite Available

      803 sq ft Office Space for Lease
      8360 Flagler St, Miami, FL 33144
      View Details
    • $29 SF/Yr
      803 SF

      Prime Miami Office Space

      803 sq ft, Single Tenant, Renovated
      8360 Flagler St, Miami, FL 33144
      View Details
    • Contact for pricing

      Flagler Street Office Suite Available

      Turnkey Office Space, Prime Location
      8390 Flagler St, Miami, FL 33144
      View Details
    • $0.11 SF/Yr
      235,993 SF

      Prime West Miami Office Building

      Spacious single-tenant office, ample parking.
      6355 8 St, West Miami, FL 33144
      View Details
    • $18 SF/Yr
      820 SF

      Executive Offices with 24/7 Access

      Executive offices for rent with 24/7 access and parking.
      2501-2545 NW 72Nd Ave, Miami, FL 33144
      View Details
    • $2,800 /Mo

      West Miami Mixed-Use Commercial Space

      Flexible commercial space in high-traffic West Miami location.
      5798 SW 8Th 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.
    8550 Flagler St
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.