Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8550 Flagler St Miami, FL 33144

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8550 Flagler St Miami, FL 33144

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

    Current Use by Public Records

    • MILLENIUM HOME MORTGAGE / Loan Service / Bank
    • Martha R. Alonso, PHD / Physician / Medical Clinic
    • Law Office of Humberto J. Corrales, P.A. / Law Firm
    • Cervantes Jesus O / Law Firm
    • 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 estimation — 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

      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

      Sign Manufacturing & Installation Business For Sale

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

      6355 8Th St

      Specialty properties
      6355 8Th St, West 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

      1350 Red Rd

      Multifamily properties
      1350 Red Rd, Miami, FL 33144
      View Details

    Similar Nearby for Sale

    • $4,700,000
      3,350 SF

      Freestanding Commercial Building on 8th

      Renovated 3,350 SF mixed-use building on high-traffic corner lot.
      7101 SW 8Th St, Miami, FL 33144
      View Details
    • Contact for pricing

      5810 W Flagler St 5810, Miami, FL 33144

      Showrooms
      5810 W Flagler St, Miami, FL 33144
      View Details
    • $6,900,000

      Professional Office Building on Flagler

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

    Similar Nearby for Lease

    • $29 SF/Yr
      803 SF

      Prime Miami Office Space

      803 sq ft, Single Tenant, Renovated
      8360 Flagler St, Miami, FL 33144
      View Details
    • $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
    • $38 SF/Yr

      W Flagler St Commercial Space

      Commercial space with showroom and office on W Flagler St.
      5810 W Flagler St, Miami, FL 33144
      View Details
    • Contact for pricing

      Office Space Available Immediately

      Office units for rent with immediate occupancy and parking.
      6355 SW 8Th St, Miami, FL 33144
      View Details
    • $3,000 /Mo

      Miami Retail/Office Space Available

      Retail or office space in a busy Miami location.
      5755 W Flagler St, Miami, FL 33144
      View Details
    • $35 SF/Yr

      Miami Mixed-Use Leasing Opportunity

      3,000 sq ft space in central Miami location.
      1105 SW 70Th Ave, 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.
    Sign Up Successful!
    You now have access to more from Realmo!