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Property profile & analytics
OFF-MARKET Estimated value $820,000
Commercial land

8907 Biscayne Blvd Miami Shores, FL 33138-3344

1,988 SF 0.39 ac lot Built 1950
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-4403329
Property summary
AI-generated overview

This exceptional ground lease opportunity presents 0.39 acres (16,988 square feet) of land situated at 8907 Biscayne Boulevard in Miami Shores, Florida (zip code 33138). The property, built in 1950, offers a single tenancy retail space with excellent visibility and accessibility directly on Biscayne Boulevard. Its strategic location places it in close proximity to the vibrant MiMo District, Midtown, and the Design District, ensuring high foot traffic and potential for strong returns. The lot size provides ample space for a variety of retail developments. Convenient parking is available, further enhancing the property's appeal to both businesses and customers. This is an ideal investment for those seeking a high-traffic retail location in a rapidly growing area of Miami Shores. The property's prime location and significant lot size make it a compelling opportunity for a variety of retail uses. This ground lease offers a unique chance to establish a thriving business in a highly desirable area. The property's proximity to major districts ensures a constant flow of potential customers. This is a rare opportunity to secure a prominent retail location on Biscayne Boulevard.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Construction CONCRETE
Total area 1,988 SF
Lot 0.39 ac (17,200 SF)
Zoning code 6200:COMMERCIAL,ARTERIAL
APN 11-3206-011-0170
UPID US18-4403329
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$725k
Comparable Approach Comparable
$758k
Blend (final) Blend
$820k
Owner & transaction history
88 Biscayne Management LLC · 11 yrs held
88 Biscayne Management LLC
since 2015
5 recorded transactions
2023
Price N/A
2017
Price N/A
2015
Price N/A
2014
$8.7M
2014
$850,000
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.3M +33.1%
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