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    321 NW 37Th St Miami, FL 33127

    For Sale
    $700,000

    Residential - Miami, FL

    Lot size:
    0.13 Acres
    Days on Market:
    208
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 321 NW 37Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    6100
    APN
    01-31-24-002-1350
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Other, Public Sewer
    Water source
    Other, Public

    Building Details

    Architectural style
    Other

    Keyes Company Realtors (305) 371-3592 [email protected]

    Listing agent Steven Epstein (305) 443-7423 License #0348217

    Listing date May 14, 2025

    MLS# A11745602 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wynwood Norte Development Opportunity

    This 5,750 square foot lot in Miami's Wynwood Norte area presents a development opportunity near the Design District, Midtown, Civic Center, and Downtown. Zoned 6100, the property allows for the construction of up to a six-story mixed-use commercial/residential building, subject to entitlements. The site, located one block north of NW 36th Street off NW 3rd Avenue, has a density of 150 units per acre and a lot coverage footprint of approximately 4,600 square feet. The property currently has a billboard with ingress and egress for the billboard company to operate. A long-term ground lease is in place with approximately 89 years remaining. The lessee covers state taxes, utilities, and a $2 million property and liability policy, with the lessor as a co-insured. The lessor is responsible for real estate taxes. The value is in the buildable lot; the billboard revenue is ongoing while developing, and through the lease end around September 30, 2114. The property is being sold 'AS-IS' for cash, and buyers are expected to conduct their own due diligence. The property may go to auction soon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.201973
    Latitude
    25.811282

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    FAQs

    What type of property is this?
    Commercial land - Developable 5,750 SF lot in Wynwood Norte near Design District.
    Where is this commercial land located?
    The property is located at 321 NW 37Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime development opportunity in Wynwood Norte (RDD2) with potential for up to 6-story mixed-use commercial/residential building.; - Large 5,750 SF lot with a significant building footprint of approximately 4,600 SF.; - High density allowance of 150 units per acre.
    (305) 443-7423
    Request Owner's contact information
    321 NW 37Th St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 NW 37Th St Miami, FL 33127
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