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Property profile

8318 SW 40Th St Miami, FL 33155

FOR LEASE
Super regional malls
Property ID
US18-6261827
23,437 SF 4.08 ac lot Built 1974
Last sale Nov 1998 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a med spa business location at 8318 Bird Rd in Miami, Florida. The offering includes furniture and specialized treatment equipment used for spa services, including a laser machine, ultrasound machine, facial steamer, towel warmer, and two hot stone massage kits. The business is situated on a major street near a major highway, providing access to surrounding traffic routes. Additional business-related assets include a spa website and a Facebook page, and there is potential for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$190k
Tax billed · 2023
Assessed value$12.07M
Assessed land$5.33M
Assessed improvement$6.74M
Effective rate1.58%

Value estimate

· Oct 2026
$7.89M
$7.10M – $8.67M
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$23k
Operating expenses−$60k
NOI · 313,642.22% cap applied$141k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$284/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$171 – $504

Cap rate analysis

How does the asset earn?
313,642.22%
$141k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6061
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.5
Garden Center8.9
Laundromat8.9

Location

8318 SW 40Th St Miami, FL 33155
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

17 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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