2311 NW 22nd Ave, Miami, FL 33142

Building Details

Building Size 40,199 SF More

Year Built 2023 More

Listing Agency: A & D Group Realty LLC

Listed By: Americo Dagostini · License FL #3014532 Show Phone

Source: Vanessafrankmiami

Added: Apr 11 Changed: Nov 4 Last Checked: Nov 8 at 3:08PM

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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 A & D Group Realty LLC

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Investment Insights

Based on property information with market context.

Offered for sale, this income-focused multifamily property is presented with supporting NOI proforma figures for both traditional multifamily and short-term rental use. The provided multifamily NOI proforma is US$493,860 with a 4.53% cap rate. A separate Airbnb NOI proforma range is shown at US$740,439–US$1,028,387, with cap rate range of 6.79% to 9.43%, reflecting the owner’s stated strategy of capital preservation and exposure to a major market.

The property is located at 2311 NW 22nd Ave, Miami, FL 33142, and the remarks describe its proximity to Jackson Memorial Hospital plus nearby Miami destinations including Brickell, Wynwood, the Design District, Downtown, museums, and beaches.

Key Highlights

• Multifamily income property near Jackson Memorial Hospital in Miami
• Close to Brickell, Wynwood, Design District, Downtown, museums, and beaches
• Multifamily NOI proforma: US$493,860 with a 4.53% cap rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$742,612

Cap Rate

7.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,852,240 $14.9M

Cap Rate 7%

$10,608,743 $10.6M

Cap Rate 9%

$8,251,244 $8.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 40,199 SF

Gross rent

$1.45M $36.00/SF

− Vacancy

−$97.0K −$2.41/SF

EGI

$1.35M $33.59/SF

− OpEx

−$607.6K −$15.11/SF

NOI

$742.6K $18.47/SF

Area

Miami, FL

Vacancy

6.70%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,852,240

Cap Rate 7%

$10,608,743

Cap Rate 9%

$8,251,244

Alternative Uses

Best Use

Apartment 5plus

$10.61M

$9.28M – $12.38M (±1% cap)

NOI $742,612 @ 7.0% cap · market cap 7.82%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$27.13M

$23.74M – $31.66M (±1% cap)

NOI $1,899,421 @ 7.0% cap · market cap 19.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

2,595

Businesses Nearby

Explore this area Business Placement

Demographics for 33142, FL

55,425

Population

22,275

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

69%

High-School Grad

10.9 sq mi

ZIP Area

5,085

Density / Sq Mi

$37,900

Median Household Income

$29,109

Median Earnings

$1,289

Median Rent

$298,000

Median Home Value

Market

Average Price Trend$/SF for Short term rental properties in Miami, FL

$562 Jul

$571 Aug

$583 Sep

$525 Oct

Properties on Market for Short term rental properties in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Short term rental property - Multifamily income property near Jackson Memorial Hospital and other Miami destinations.

Where is this short term rental property located?

The property is located at 2311 NW 22nd Ave Miami, FL.

What is the asking price?

The asking price for this property is $9,500,000.

What are key features of this property?

This property features: Multifamily income property near Jackson Memorial Hospital in Miami; Close to Brickell, Wynwood, Design District, Downtown, museums, and beaches; Multifamily NOI proforma: US$493,860 with a 4.53% cap rate