T5-L Zoned Development
For Sale
$950,000
5501 NW 2nd Avenue, Miami, FL 33127
T5-L zoned land totaling 4,300 sf with an existing 1,680 sf property, positioned next to a planned corner retail project.
Property Size1,680 SF
Lot Size0.10 Acres
Price / SF$565.48
Days on Market27
Property Features for 5501 NW 2nd Avenue
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.10 Acres
Property subtype
Land
Zoning
T5-L
Listing Agency:
Related General Realty, LLC.
(305) 979-6016
Listed By:
Carlos Guzon Michaels · License #3470654
(305) 979-6016
Source:
Laerrealty
Added: Jul 7
Changed: Jul 10
Last Checked: Aug 1 at 3:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Related General Realty, LLC.
Investment Insights
Based on property information with market context.
This for-sale commercial land offering is zoned T5-L and includes a 4,300 square foot lot with an existing 1,680 square foot property. The site is presented for developers or owner-users looking to establish a presence with an existing improvement already in place while planning future use.
The property sits adjacent to a major planned corner development intended to bring high-end retail, a curated café, and destination dining. It is also described as being just minutes from the Design District and Wynwood, placing the asset within an active mixed-use transformation area.
For tenants, buyers, and operators evaluating a land acquisition with an existing structure, this T5-L site offers a straightforward platform to support future planning tied to the surrounding development momentum described in the listing. With the property’s existing size profile and its location near an identified corner retail destination, it may suit owner-users aiming for a flagship setup or developers seeking a lot in an area undergoing retail and dining buildout.
The property sits adjacent to a major planned corner development intended to bring high-end retail, a curated café, and destination dining. It is also described as being just minutes from the Design District and Wynwood, placing the asset within an active mixed-use transformation area.
For tenants, buyers, and operators evaluating a land acquisition with an existing structure, this T5-L site offers a straightforward platform to support future planning tied to the surrounding development momentum described in the listing. With the property’s existing size profile and its location near an identified corner retail destination, it may suit owner-users aiming for a flagship setup or developers seeking a lot in an area undergoing retail and dining buildout.
Key Highlights
- T5‑L zoned land totaling 4,300 SF with an existing 1,680 SF property
- Adjacent to a planned corner development featuring high‑end retail, a curated café, and destination dining
- Location near the Design District and Wynwood (just minutes away)
Financial Insights For Retail
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 | $87.3k | $51.96 |
| − Vacancy | −$9.0k | −$5.35 |
| EGI | $78.3k | $46.61 |
| − OpEx | −$23.5k | −$13.98 |
| NOI | $54.8k | $32.63 |
1,680 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$783.0K
$685.1K – $913.5K
NOI $54,811 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$992.3K – $1.32M
NOI $79,381 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - T5-L zoned land totaling 4,300 sf with an existing 1,680 sf property, positioned next to a planned corner retail project.
Where is this commercial land located?
The property is located at 5501 NW 2nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: T5‑L zoned land totaling 4,300 SF with an existing 1,680 SF property; Adjacent to a planned corner development featuring high‑end retail, a curated café, and destination dining; Location near the Design District and Wynwood (just minutes away)
