Mixed-Use Development Land with Existing
601 NW 11th St Miami, FL 33136
For Sale
$5,200,000
LAND - Miami, FL
Property Size11,923 SF
Lot Size0.34 Acres
Price / SF$436.13
Days on Market38
Property Features for 601 NW 11th St
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 01-01-01-000-1010
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MIAMI NORTH PB B-41 LOTS 1 & 2 BLK 10 LESS BEG 99.81FTN OF SE COR OF LOT 1 TH N 02 DEG W 5.49FT S 87 DEG W 149.96FT S 02 DEG E 7.06FT N 87 D
- Tax Annual Amount
- 19632
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Edwin Ballon · License #3232777
(786) 263-8901
Added: Jun 17
Changed: Jun 30
Last Checked: Jul 24 at 7:06PM
MLS# A11985308
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This parcel offers commercial land development opportunity on 0.3383 acres, with an existing CBS, one-level building totaling 11,923 SF. A survey is available to support due diligence. The sale is exclusive, requiring this lot to be sold together with the adjacent lot next to 611 NW 11 St (MLS A11985331).
The property is located at 601 NW 11th St in Miami, positioned near the Metro Rail station and I-95, according to the listing remarks. The offering is structured around the combined ownership and development of both lots.
The listing describes an intended development concept that includes up to seven levels plus a mixed-use tower with 37 levels, with 40% residential use. It further notes that workforce housing or another type of investment with similar compliance would be required, subject to the zoning codes and standards of the City of Miami. For buyers and developers, the combination of an existing one-story CBS structure and the described mixed-use redevelopment framework may support planning for an infill project within the constraints of city approvals.
The property is located at 601 NW 11th St in Miami, positioned near the Metro Rail station and I-95, according to the listing remarks. The offering is structured around the combined ownership and development of both lots.
The listing describes an intended development concept that includes up to seven levels plus a mixed-use tower with 37 levels, with 40% residential use. It further notes that workforce housing or another type of investment with similar compliance would be required, subject to the zoning codes and standards of the City of Miami. For buyers and developers, the combination of an existing one-story CBS structure and the described mixed-use redevelopment framework may support planning for an infill project within the constraints of city approvals.
Key Highlights
- Price reduced—motivated seller (per public remarks).
- Utilities available: public water and public sewer; survey available.
- Existing building: 11,923 SF CBS, one level.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.4k | $20.16 |
| − Vacancy | −$11.5k | −$0.97 |
| EGI | $228.8k | $19.19 |
| − OpEx | −$34.3k | −$2.88 |
| NOI | $194.5k | $16.31 |
11,923 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,506 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.05M
$7.04M – $9.39M
NOI $563,367 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CEU Studio
Production Facility
Sucargo Downtown Miami
Shipping Company
KitchenCorp Modern Design
Hardware & Home Improvement
Ticorp
Building Supply
CNC Nanos
IT Consulting Firm
FAQs
What type of property is this?
Commercial land - Land parcel with a CBS one-story building and planned mixed-use development subject to city zoning compliance.
Where is this commercial land located?
The property is located at 601 NW 11th St Miami, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Price reduced—motivated seller (per public remarks).; Utilities available: public water and public sewer; survey available.; Existing building: 11,923 SF CBS, one level.
