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

    1471 8th Ave Miami, FL 33136-1425

    • Office buildings
    • 2,094 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2021
    $650,000
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    7.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-5521478
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Primer Microschools - Health District / School
    • Primer Miami Health District / Primary School

    Property Details for 1471 8th Ave

    Year built
    1951
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property size
    2,094 SF
    Zone code
    9600:HOSPITALS
    Property type
    Office buildings
    APN
    01-3135-019-0730
    APU
    131350190730

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $865,000
      ML approach
      $905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,291,000
      Market price range: $693k - $2.76M
      AI Estimate
      $534,000
      Market price range: $167k - $1.20M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,430,000
      Current use
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,200,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2085
    Latitude
    25.789
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,613
    $468,075
    $96,875
    $564,950
    -
    $468,075
    $96,875
    $564,950

    Comparable in this City

    • Value Estimation
      $440,000
      56,705 SF

      101 8th St

      OFFICE BUILDING (MULTI-STORY) • 56,705 SF
      101 8th St, Miami, FL 33136-3979
      View Details
    • Value Estimation
      $410,000
      5,674 SF

      711 6th Ave

      OFFICE BUILDING • 5,674 SF
      711 6th Ave, Miami, FL 33136-3221
      View Details
    • Value Estimation
      $970,000
      132,408 SF

      1011 Sunnybrook Rd

      OFFICE BUILDING (MULTI-STORY) • 132,408 SF
      1011 Sunnybrook Rd, Miami, FL 33136-2110
      View Details
    • Value Estimation
      $245,000
      787 SF

      1180 8th St

      OFFICE BUILDING • 787 SF
      1180 8th St, Miami, FL 33136-3606
      View Details
    • Value Estimation
      $760,000
      9,334 SF

      1601 8th Ave

      PROFESSIONAL BUILDING • 9,334 SF
      1601 8th Ave, Miami, FL 33136-1428
      View Details
    • Value Estimation by Request
      215,207 SF

      700 1st Ave

      OFFICE BUILDING (MULTI-STORY) • 215,207 SF
      700 1st Ave, Miami, FL 33136-4115
      View Details

    Similar Nearby for Sale

    • $4,250,000

      Miami Commercial Building For Sale

      Commercial building with ten rooms in an up-and-coming Miami area.
      130 NW 14Th St, Miami, FL 33136
      View Details
    • $12,500,000

      Renovated Creative Office/Warehouse in Miami

      Renovated two-story office/warehouse with modern design and historic charm.
      1800 N Miami Ave, Miami, FL 33136
      View Details
    • Contact for pricing

      Remodeled Retail Space in Overtown

      Fully remodeled retail space in fast-growing Overtown neighborhood.
      212 Nw 11Th St, Miami, FL 33136
      View Details
    • Contact for pricing

      Remodeled Retail Space in Overtown

      408 SF retail/office space in fast-growing Miami neighborhood.
      216 NW 11Th St, Miami, FL 33136
      View Details
    • $1,500,000

      Downtown Miami Office Building

      Prime Miami location, high potential.
      1139 2Nd Ave, Miami, FL 33136
      View Details
    • $2,000,000
      2,800 SF

      Overtown Miami Mixed-Use Building

      Mixed-use building in Overtown, Miami with retail and office space.
      1525 NW 3Rd Ave, Miami, FL 33136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,500 SF

      Miami Class A Office Space

      Six-story, LEED Gold certified office building with large floor plates.
      1951 NW 7Th Ave, Miami, FL 33136
      View Details
    • Contact for pricing
      2,862 SF

      Office Space Near Health District

      Office space near Jackson Memorial Hospital available for lease.
      1011 Sunnybrook Rd, Miami, FL 33136
      View Details
    • $39 SF/Yr
      4,006 SF

      Miami Tech Building Science Lab

      Rare permitted science lab space in top Miami tech building.
      1471 NW 8Th Ave, Miami, FL 33136
      View Details
    • $120 SF/Yr
      6,304 SF

      Overtown Office Space for Lease

      Miami Office: Creative & Modern
      937 3Rd Ave, Miami, FL 33136
      View Details
    • $5,000 /Mo
      1,169 SF

      Remodeled Retail Spaces in Overtown

      Two retail spaces in a rapidly growing Miami neighborhood.
      212 NW 11Th St, Miami, FL 33136
      View Details
    • $6 SF/Yr
      30,257 SF

      Wynwood Land: Prime Commercial Site

      High-traffic Wynwood land, ideal for diverse uses.
      1984 Miami Ave, Miami, FL 33136
      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.
    1471 8th Ave
    Miami, FL 33136-1425
    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.