8318 SW 40 ST, Westchester, FL 33155
Parcel: 3040220100070 · Community Shopping Center · Retail Outlet · Zoning: 6061
Assessed Value (2025)
$11,000,000
Property Details
Living Sqft
85,412
Year Built
1974
Lot Sqft
177,659
Stories
1
COMMUNITY SHOPPING CENTER : RETAIL OUTLET
Sales History
1
$1non-market transfer
1977-10-01
2
$2,650,000
1981-03-01
3
$3,600,000+36%
1984-06-01
Tax Assessment History
$11,000,000
Assessed (2025)
$11,000,000
Market Value
$11,000,000
Taxable Value
$223,951
Annual Tax
2024
$10,427,940
2025
$11,000,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $11,000,000 | $11,000,000 | $11,000,000 | $223,951 | $6,218,065 | $4,781,935 |
| 2024 | $10,427,940 | $10,427,940 | $10,427,940 | $212,305 | $5,329,770 | $5,098,170 |
About 8318 SW 40 ST, Westchester, FL 33155
8318 SW 40 ST, Westchester, FL 33155 is a community shopping center : retail outlet built in 1974 with 85,412 square feet of living space on a 177,659 square foot lot. The property is currently owned by 84 SHOPPING PLAZA CORP, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 1984-06-01 for $3,600,000. The property has appreciated $950,000 (36%) since the prior sale of $2,650,000 on 1981-03-01. There are 3 recorded sales for this property.
The 2025 assessed value is $11,000,000 with a market value of $11,000,000. This breaks down to $6,218,065 for the land and $4,781,935 for the building. The assessed value increased 5% from $10,427,940 in 2024.
The median household income in this area is $153,381, and the median home value is $561,700. The population density is 2,929 people per square mile. There are active mortgage liens totaling $3,000,000 recorded against this property.
This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. 8318 SW 40 ST, Westchester, FL 33155 is located in Westchester, Florida.
Property records, tax assessments, sales history, and ownership information for this Westchester property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1977 to 1984, with 3 recorded transactions in the public record. The current assessed value represents 306% of the most recent sale price.
This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. There is 1 active building permit on this property with a combined estimated cost of $325, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $42 per square foot — a key metric for comparing value across Westchester's real estate market..
Building Permits (36)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026056899 | electrical | F | — | ||
| C2026032125 | building | F | $11,000 | ||
| C2026022624 | electrical | A | $325 | ||
| C2026027452 | fire | F | — | ||
| C2025179886 | electrical | F | — | ||
| C2025161939 | plumbing | F | — | ||
| W2025155673 | mechanical | F | — | ||
| C2025153829 | electrical | F | — | ||
| C2025130288 | building | F | $40,000 | ||
| C2025118487 | plumbing | F | $250 | ||
| C2025072133 | building | expired | $10,000 | ||
| W2025107633 | electrical | F | — | ||
| C2025056315 | fire | F | — | ||
| W2025050760 | electrical | F | — | ||
| C2025031044 | fire | F | — |
Showing 15 of 36 permits
Code Violations 1 open
A2026001161 open
2026-02-11
Distress Signals
- 1 open code violation
Current Owner
84 SHOPPING PLAZA CORP
8356 BIRD ROAD SUITE H, MIAMI, FL, 33155
Since: 2026-03-29
View owner profile →
People Behind This Entity
Est. Annual Insurance
$110,400 — $198,800
Flood $400 — $800
Property/Wind $110,000 — $198,000
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$153,381
Median Home Value$561,700
Pop. Density2,929/sq mi
Neighborhood 33155
61.6%
Owner-Occ
38.4%
Investor
253
Flips (4yr)
9,120
New Biz (3yr)
Distress Risk
MODERATE
37
Mortgages
ACTIVE
$3,000,000
SOUTHSTATE BANK NA · 2023-03-17
1 satisfied mortgage
SATISFIED 2022-04-13
$3,000,000
SOUTHSTATE BANK NA
Est. Total Balance $3,000,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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