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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Retail residential properties

40 8th Ave Miami, FL 33128-1408

5,889 SF 0.1 ac lot Built 1948
Individually Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US18-4680873
Property summary
AI-generated overview

This exceptional retail property, located at 40 SW 8th Ave in Miami, Florida, presents a lucrative investment opportunity. Built in 1972, this single-story building comprises approximately 1800 square feet of retail space, divided into two units. One unit offers approximately 1200 square feet, while the other provides approximately 600 square feet, providing flexibility for various retail concepts. The property is situated in Miami-Dade County, zip code 33130, offering excellent visibility and accessibility. On-site parking accommodates four vehicles, a valuable asset in a high-traffic urban area. The asking price for this well-positioned retail building is $1,850,000. This presents a strong potential for rental income and capital appreciation, making it an attractive investment for discerning buyers seeking a foothold in Miami's dynamic retail market. The property's location in a bustling area ensures high foot traffic and visibility, contributing to its strong potential for success. The existing layout offers the possibility for immediate occupancy or redevelopment, depending on the investor's vision. This is a rare opportunity to acquire a well-established retail property in a prime Miami location.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1948
Construction CONCRETE
Total area 5,889 SF
Lot 0.1 ac (4,500 SF)
Zoning code 6110:COMM/RES-DESIGN DIST
APN 01-4138-003-3040
UPID US18-4680873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EmNova Motorcycle Miami Motorcycle Shop
  • bebiendosalud Home Appliance Store Building Supply
  • Alkaline Water Solution Corp. Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
The Pedro Yanez Irrevocable Family · 13 yrs held
The Pedro Yanez Irrevocable Family
since 2013
3 recorded transactions
2013
Price N/A
2012
$383,000
1998
$395,000
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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