8787 Biscayne Blvd, Miami Shores, FL 33138-3341
- Automotive properties
- 2,006 SF
- 0.30 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 8787 Biscayne Blvd
- Year built
- 1986
- Construction
- CONCRETE
- Lot size
- 0.30 lot acres
- Zone code
- 6200:COMMERCIAL,ARTERIAL
- Property type
- Automotive properties
- APN
- 11-3206-028-0450
- APU
- 1132060280450
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 13, 2025 | $2,745,000 | 8787 Biscayne Boulevard LLC | Commerce Partnership 1124 LLC | Special Warranty Deed | — |
| Jun 20, 2017 | — | Commerce Ptshp 1124 | — | Deed · related | $1.3M · Grove Bank & Trust |
| Apr 25, 2017 | — | Commerce Ptshp 1124 | — | Deed · related | — |
| — | — | Commerce Ptshp 1124 | — | Loan Modification · related | — |
| — | — | Commerce Ptshp 1124 | — | Deed Of Trust · related | $694k · Coconut Grove Bank |
| — | — | Commerce Ptshp 1124 | — | Deed Of Trust · related | — |
| — | — | Commerce Ptshp 1124 | — | Loan Modification · related | $1.3M · Grove Bank & Trust |
| — | — | Commerce Ptshp 1124 | — | Loan Modification · related | — |
Description
This exceptional investment opportunity presents the fee simple interest in a 1,999 square foot Jiffy Lube, located at 8787 Biscayne Blvd, Miami Shores, FL 33138. Situated on a 12,197 square foot lot, this property boasts a prime location on Biscayne Boulevard, experiencing daily traffic exceeding 40,000 vehicles. The property benefits from a corporate guarantee from Jiffy Lube International, Inc., a subsidiary of Royal Dutch Shell, ensuring financial stability. The current lease, an absolute NNN lease with zero landlord responsibilities, features a remaining term of 11.9 years, with two 10-year options to extend, providing long-term security and significant future value. Annual rent increases of 3.5% offer a hedge against inflation. The property's NOI is $139,259, resulting in a 5.00% cap rate and a price per square foot of $1,393.29. Built in 1986, this well-established business has operated at this location for over 36 years, demonstrating consistent performance and tenant longevity. The property's location within the upscale Miami Shores Village, a densely populated area with over 170,000 people within a 3-mile radius, ensures high visibility and strong demand. Excellent access to major roadways, including I-95, SR 924, and Biscayne Boulevard, further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential. The asking price is $2,785,180.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,280,000
- ML approach
- $2,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,917,000
Market price range: $552k - $2.61M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,520,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Shores
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1847
- Latitude
- 25.8558
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
