Add Listing
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

    1650 8th St Miami, FL 33135-5220

    • Retail residential properties
    • 2,844 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1915961
    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

    • Surprise Emma Jewelry / Discount Store / (Bike/Boat/Book/etc) Store

    Property Details for 1650 8th St

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property size
    2,844 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Retail residential properties
    APN
    01-4110-063-0040
    APU
    141100630040

    Description

    This thriving restaurant and bar, located at 1650 SW 8th St in Miami, Florida's vibrant Little Havana neighborhood (zip code 33135), presents a unique investment opportunity. Built in 1948, this well-established business boasts a strong reputation and loyal customer base, evidenced by excellent online reviews on platforms such as Google and TripAdvisor. The diverse menu featuring classic Cuban cuisine in a contemporary Miami setting has driven consistent annual revenue, with significant potential for future growth. The property includes a tavern license, allowing for extended operating hours. An open space at the rear of the building provides ample room for events or storage. The asking price for this turnkey operation is $400,000. This is a rare chance to acquire a profitable, well-regarded restaurant in a prime location. The business has been operating successfully for one year. The property is classified as retail, with subtypes of restaurant and bar.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,035,000
      7%
      $960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $517,000
      Market price range: $208k - $737k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,380,000
      Current use
      MEDICAL BUILDING
      $1,250,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2218
    Latitude
    25.7654
    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
    $15,081
    $737,500
    $106,100
    $843,600
    -
    $737,500
    $106,100
    $843,600

    Comparable in this City

    • Value Estimation
      $530,000
      1,995 SF

      816 12th Ct

      STORES & APARTMENTS • 1,995 SF
      816 12th Ct, Miami, FL 33135-5414
      View Details
    • Value Estimation by Request
      1,074 SF

      1220 8th St

      STORES & APARTMENTS • 1,074 SF
      1220 8th St, Miami, FL 33135-4004
      View Details
    • Value Estimation
      $1,855,000
      5,065 SF

      3622 8th St

      STORES & APARTMENTS • 5,065 SF
      3622 8th St, Miami, FL 33135-4112
      View Details
    • Value Estimation
      $1,250,000
      5,400 SF

      1421 8th St

      STORES & APARTMENTS • 5,400 SF
      1421 8th St, Miami, FL 33135-3877
      View Details
    • Value Estimation
      $710,000
      2,700 SF

      1961 8th St

      STORES & APARTMENTS • 2,700 SF
      1961 8th St, Miami, FL 33135-3315
      View Details
    • Value Estimation by Request
      1,586 SF

      1518 Flagler St

      STORES & APARTMENTS • 1,586 SF
      1518 Flagler St, Miami, FL 33135-2118
      View Details

    Similar Nearby for Sale

    • $599,000
      10.90 Acres

      Development Opportunity Near Brickell

      4,750 SF site ideal for mixed-use or multifamily development.
      129 SW 21St Ave, Miami, FL 33135
      View Details
    • $4,250,000
      Pending

      Mixed-Use Building in Little Havana

      Mixed-use building with retail and apartments in Little Havana.
      2268 SW 8Th St, Miami, FL 33135
      View Details
    • $899,900

      Little Havana Redevelopment Opportunity

      Free-standing corner building in Little Havana with redevelopment potential.
      600 SW 17Th Ave, Miami, FL 33135
      View Details
    • $6,250,000

      Mixed-Use Property in Prime Location

      37-unit mixed-use property with immediate cash flow in Miami.
      1274 W Flagler St, Miami, FL 33135
      View Details
    • $1,250,000

      Miami Mixed-Use Business Opportunity

      Mixed-use property suitable for various business ventures in Miami.
      210 SW 22Nd Ave, Miami, FL 33135
      View Details
    • $845,000

      Miami Mixed-Use Development Opportunity

      5,000 SF lot for high-density development in Miami.
      111 SW 19Th Ave, Miami, FL 33135
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Calle Ocho Retail Space Available

      750 SF retail space on Calle Ocho for lease.
      3401 SW 8Th St, Miami, FL 33135
      View Details
    • $1,675 /Mo

      Spacious Apartment with Updated Features

      Large 1 bed, 1 bath apartment with updated kitchen.
      2176 SW 41St St, Miami, FL 33135
      View Details
    • $3,250 /Mo

      Private 3 Bed Apartment

      New 3 bed, 2 bath apartment for rent.
      518 SW 15Th Ave, Miami, FL 33135
      View Details
    • $15,000 /Mo

      Little Havana Office Space Available

      Full-floor office space in Little Havana with versatile zoning.
      1901 SW 1St St, Miami, FL 33135
      View Details
    • $6,500 /Mo

      Freestanding Retail Building on Flagler

      2,635 SF commercial building with parking on busy Flagler Street.
      1544 W Flagler St, Miami, FL 33135
      View Details
    • $2,500 /Mo

      Unique Office Space on Miami River

      Private office rentals in industrial marina, Little Havana, Miami.
      881 NW 13Th Ave, Miami, FL 33135
      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.
    1650 8th St
    Miami, FL 33135-5220
    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!