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    175 NW 27Th St Miami, FL 33127

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    For Sale
    Contact for pricing

    Development site suitable for hotel, residential, restaurant, or office.

    Lot size:
    0.13 Acres

    Property Features for 175 NW 27Th St

    General Information

    Lot size
    0.13 Acres

    Source: FA Commercial Agent Fabio Faerman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land in Miami

    This development site allows for the construction of up to 8 stories with applicable bonuses. Located within a half-mile of a Transit-Oriented Development (TOD) or a quarter-mile of a transit corridor, the property qualifies for Miami 21, potentially allowing up to a 30% parking reduction. The site is suitable for residential, commercial, or hospitality projects. Potential uses include hotel, residential, restaurant, or office. There is a potential tenant/lease opportunity for the development. A Letter of Intent (LOI) exists with Krymwood Hotel for a 120-room hotel, commencing on the opening date, with an annual payment of $2 million for 20 years, guaranteed by the holding company. There is also potential for land assemblage to develop a 120-key hotel.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19842
    Latitude
    25.802393

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    FAQs

    What type of property is this?
    Land - Development site suitable for hotel, residential, restaurant, or office.
    Where is this land located?
    The property is located at 175 NW 27Th St Miami, FL.
    What are key features of this property?
    This property features: - LOI with Krymwood Hotel for 120 rooms, generating $2M annually for 20 years with a corporate guarantee.; - Potential for up to 8 stories of development with bonuses.; - Development options include residential, commercial, or hospitality projects.
    (786) 262-9966
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    175 NW 27Th 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
    175 NW 27Th St Miami, FL 33127
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