611 NW 11th St, Miami, FL 33136
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 3:06 am
Property Features for 611 NW 11th St
General Information
- Property type
- Land
- Property subtype
- Multi Family
- Zoning
- D1
- Standard status
- Active
- APN
- 01-01-01-000-1011
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15950
Utilities
- Sewer type
- Other
- Water source
- Public
Building Details
- Architectural style
- Other
Listing agent Edwin Ballon License #3232777 (786) 263-8901
Listing office Florida Realty of Miami Corp 9415 SW 72nd St, Miami, FL (305) 598-5488
Listing date Jun 5, 2026
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.
HighLights
- Water source: public
- Existing building: 7,510 SF CBS, one level
- Survey available
- Lot must be sold together with the adjacent lot at 601 NW 11 St (MLS A11985308)
- Remarks indicate potential for a mixed‑use tower subject to city zoning: 7 levels plus 37 levels total, with 40% residential as workforce housing
Overview
The site is described as being in the heart of Miami near Metro Rail and I-95. The listing indicates the location is intended for development with mixed-use compliance under applicable City of Miami standards.
According to the provided remarks, the contemplated project includes a mixed-use tower with workforce housing, with residential use restricted to 40% as part of the stated concept. Buyers evaluating the property should review zoning D1 and confirm development parameters and permitted use requirements directly with the City of Miami. The existing building may also be relevant for buyers considering interim use while plans for a coordinated two-lot redevelopment are finalized.
Local Financial Insights For Mixed Use
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 | $315.4k | $42.00 |
| − Vacancy | −$31.5k | −$4.20 |
| EGI | $283.9k | $37.80 |
| − OpEx | −$106.5k | −$14.18 |
| NOI | $177.4k | $23.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.20427
- Latitude
- 25.763212
