$10,650,000
549 SW 8th St
Little Havana · Miami, FL 33129
$503/sq ft43 days on market1.6K views104 saves
Key facts
- Interior
- 21,190 sq ft
- Lot
- 0.75 acres
- Year built
- 2005
- Property type
- Retail
- Price / sq ft
- $503/sq ft
- Annual taxes
- $110,760
- Days on market
- 43
Getting around
Very Walkable
Good Transit
Very Bikeable
About this property
Value-add retail property in Little Havana with below-market rents rolling inside the next cycle. The improvements include on-site parking, corner visibility and signalized corner. Offers reviewed as received.
Investment summary
Investment summary
Cap rate
5.70%
Net operating income ÷ price
Net operating income
$607,050
Annual, after operating expenses
Cash-on-cash
−0.3%
$11,039 annual shortfall on $3,195,000 equity
20,342 sq ft leased of 21,190 sq ft
- Tenants
- 4
- Rentable area
- 21,190 sq ft
- Price / sq ft
- $503/sq ft
- WALE
- 8.7 yrs
- Lease type
- NNN
- Building class
- Class A
- Zoning
- CG-1
- Parking
- 86 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $618,089 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Parking & Access
- On-Site Parking
Highlights
- Corner Visibility
- Signalized Corner
- Anchored Center
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-01-19 | Sold | $8,068,000 |
| 2026-06-12 | Listed | $10,650,000 |
Location
Little Havana, Miami — Miami-Dade County
Approximate location · Little Havana
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Estimated monthly
$65,629/mo
- Principal & interest81%$53,293
- Property tax14%$9,230
- Home insurance5%$3,106
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $8,520,000 · 30 yr · 6.40%