Land Parcel with Existing One-Level
611 NW 11th St Miami, FL 33136
For Sale
$3,400,000
LAND - Miami, FL
Property Size7,510 SF
Lot Size0.22 Acres
Price / SF$452.73
Days on Market38
Property Features for 611 NW 11th St
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 01-01-01-000-1011
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MIAMI NORTH PB B-41 LOT 3 BLK 10 LESS BEG NE COR OF LOT 3 TH W99.97FT S 02 DEG E 10.21FT ELY77.62FT E22.40FT N 02 DEG W 7.06FT TO POB LOT SI
- Tax Annual Amount
- 15950
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# A11985331
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 offering is for a land parcel in Miami, FL that includes an existing 7,510 SF CBS one-level building. The seller’s remarks also indicate survey availability, supporting due diligence for any redevelopment planning.
According to the listing, this lot must be sold together with the adjacent lot located at 601 NW 11 St (MLS A11985308). The property is described as being in the heart of Miami near the Metro Rail station and I-95.
For buyers considering redevelopment, the remarks describe a development concept that includes a seven-level building plus a mixed-use tower with 40% residential use structured as workforce housing, subject to City of Miami zoning codes and standards. As presented, this makes the site relevant for investors or developers looking to evaluate a multi-phase or combined-lot approach, while accounting for required compliance and approvals before proceeding.
According to the listing, this lot must be sold together with the adjacent lot located at 601 NW 11 St (MLS A11985308). The property is described as being in the heart of Miami near the Metro Rail station and I-95.
For buyers considering redevelopment, the remarks describe a development concept that includes a seven-level building plus a mixed-use tower with 40% residential use structured as workforce housing, subject to City of Miami zoning codes and standards. As presented, this makes the site relevant for investors or developers looking to evaluate a multi-phase or combined-lot approach, while accounting for required compliance and approvals before proceeding.
Key Highlights
- Utilities available: public water and public sewer.
- Existing building on‑site: 7,510 SF CBS, one level.
- Survey is available.
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 | $151.4k | $20.16 |
| − Vacancy | −$7.3k | −$0.97 |
| EGI | $144.1k | $19.19 |
| − OpEx | −$21.6k | −$2.88 |
| NOI | $122.5k | $16.31 |
7,510 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,514 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.07M
$4.44M – $5.91M
NOI $354,851 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vitral Steel Corp
Factory
Insurance RE Miami ...
Insurance Agency
Similar Off Market Nearby
- Nannybag Luggage Storage — 1199 W Flagler St Suitte 17, Miami, FL 33130
- Stasher Luggage Storage — 1199 W Flagler St, Miami, FL 33130
- Bounce Luggage Storage - Marlins Park — 1199 W Flagler St #17, Miami, FL 33130
- Stasher Luggage Storage — 17 W Flagler St, Miami, FL 33130
- SunCycling Cycle and Fitness Shop — 240 w flagler st, miami, fl 33131
FAQs
What type of property is this?
Warehouse - Buildable Miami parcel sold with an adjacent lot, featuring an existing one-level CBS building.
Where is this warehouse located?
The property is located at 611 NW 11th St Miami, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Utilities available: public water and public sewer.; Existing building on‑site: 7,510 SF CBS, one level.; Survey is available.
