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Property profile & analytics
OFF-MARKET
Estimated value
$7,525,000
Retail space
8 8th St Miami, FL 33131-3824
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8208146
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
CONCRETE
Total area
15,302 SF
Lot
0.02 ac (670 SF)
Zoning code
6408
APN
01-0205-050-1045
UPID
US18-8208146
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
-
Gekko Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.53M
Owner & transaction history
Gekko Sls LLC · 1 yrs held
Gekko Sls LLC
since 2025
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
6408 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,320,000
6.5%
$7,680,000
7%
$7,130,000
Alternative Use
Use
Estimation
RESTAURANT
$11,350,000
Change: -19% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,315,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±10% · vs last sale $6.89M (May 12 2025)
Last sale anchor
$6.89M
May 12 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$492 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$247,491
Tax year 2023
Assessed value
$13,350,000
Assessed 2023
Previous assessed
$13,350,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Total market value
$13,350,000
Applied tax rate
101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Total area
15,302 SF
Lot
0.02 ac (670 SF)
Zoning code
6408
APN
01-0205-050-1045
UPID
US18-8208146
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6408 · Miami, FL
Zoning 6408 · permitted uses
6408 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$11.3M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Gekko Sls LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1180 S BEVERLY DR STE #700, LOS ANGELES, CA 90035-1151
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
Gekko Sls LLC
—
Deed
related
$23,350,000 · Ubs Bank USA
May 12, 2025
$6,885,000
Gekko Sls LLC
Rjr Vacaville LLC
Special Warranty Deed
—
Dec 16, 2021
$13,300,000
Rjr Vacaville LLC
Ba Leo LLC
Special Warranty Deed
$8,550,000 · City National Bank Of Florida
Jul 13, 2021
$13,300,000
Ba Leo LLC
801 Sma Commericial Owner LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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