Permit-Ready Mixed-Use Development
145 Northwest 30th Street Miami, FL 33127
For Sale
Contact for pricing
Three-parcel assemblage with 150 feet of street frontage and plans for 70 mixed-use units plus four retail bays.
Property Size20,700 SF
Lot Size0.48 Acres
Price / SF$384.06
Days on Market46
Property Features for 145 Northwest 30th Street
General Information
- Standard status
- Active
- Size
- 20,700 SF
- Lot size
- 0.48 Acres
- Property subtype
- Land
Listing Agency:
DWNTWN Realty Advisors
(305) 909-7343
Listed By:
Devlin Marinoff · License #3401802
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 24 at 6:13AM
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 DWNTWN Realty Advisors
Investment Insights
Based on property information with market context.
Wynwood One is a 20,700 SF three-parcel assemblage totaling 0.475 acres with 150 feet of street frontage. The property is zoned T5-L / NRD-2 under the Wynwood Norte overlay and is approved for a 70-unit mixed-use vertical project with four ground-floor retail bays delivered in warm vanilla shell. The plan also includes 37 parking spaces and by-right STR capability. The site is fully assembled and currently contains two small single-family structures on the west portion. Ownership has invested approximately $7.5 million to bring the property to its current near-permit-ready posture, with schematic and design development by GGR Architects and MKDA serving as architect of record. General contractor Grycon is near GMP-ready at approximately $21.5 million in direct hard costs, with remaining pre-permit items described as primarily administrative and expected to be resolved within a few months of closing.
The property is positioned within Wynwood Norte, a 207-acre multi-generational neighborhood centrally located within the Downtown Miami boundary. The site is described as being within minutes of the Wynwood Arts District, Miami Design District, Edgewater, and the Shops at Midtown Miami, with access context noted via Northwest 2nd Avenue.
This site supports multiple execution paths including a multifamily build-to-hold approach as the primary strategy, with by-right STR as a secondary option and condo sell-out as a tertiary option. Reported materials also reference a 70-unit condo program supported by a January 2026 pricing matrix and, for the multifamily path, an NOI estimate and associated buyer yield-on-cost and projected five-year levered IRR.
The property is positioned within Wynwood Norte, a 207-acre multi-generational neighborhood centrally located within the Downtown Miami boundary. The site is described as being within minutes of the Wynwood Arts District, Miami Design District, Edgewater, and the Shops at Midtown Miami, with access context noted via Northwest 2nd Avenue.
This site supports multiple execution paths including a multifamily build-to-hold approach as the primary strategy, with by-right STR as a secondary option and condo sell-out as a tertiary option. Reported materials also reference a 70-unit condo program supported by a January 2026 pricing matrix and, for the multifamily path, an NOI estimate and associated buyer yield-on-cost and projected five-year levered IRR.
Key Highlights
- 20,700 SF three‑parcel assemblage at 145 NW 30th Street in Wynwood Norte with 150 ft of street frontage
- 0.475‑acre site zoned T5‑L / NRD‑2 under the Wynwood Norte overlay
- Approved for a 70‑unit mixed‑use vertical project with four ground‑floor retail bays delivered in warm vanilla shell
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 | $1.08M | $51.96 |
| − Vacancy | −$110.8k | −$5.35 |
| EGI | $964.8k | $46.61 |
| − OpEx | −$289.4k | −$13.98 |
| NOI | $675.4k | $32.63 |
20,700 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.65M
$8.44M – $11.26M
NOI $675,352 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$6.99M
$6.11M – $8.15M
NOI $489,038 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$13.97M
$12.23M – $16.30M
NOI $978,084 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Three-parcel assemblage with 150 feet of street frontage and plans for 70 mixed-use units plus four retail bays.
Where is this apartment building located?
The property is located at 145 Northwest 30th Street Miami, FL.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 20,700 SF three‑parcel assemblage at 145 NW 30th Street in Wynwood Norte with 150 ft of street frontage; 0.475‑acre site zoned T5‑L / NRD‑2 under the Wynwood Norte overlay; Approved for a 70‑unit mixed‑use vertical project with four ground‑floor retail bays delivered in warm vanilla shell
