Mixed-Use Development Portfolio
2810 SW 37th Ave Miami, FL 33133
For Sale
$15,000,000
Portfolio of seven assembled corner lots on Douglas Rd with approved floor plans for an 8-story mixed-use build.
Property Size42,000 SF
Price / SF$357.14
Days on Market117
Property Features for 2810 SW 37th Ave
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Property subtype
- Commercial
Listing Agency:
(786) 200-4509
Listed By:
Roger Pardo
(786) 200-4509
Source:
Elliman
Added: Mar 29
Changed: Jul 23
Last Checked: Jul 23 at 7:55AM
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 Roger Pardo
Investment Insights
Based on property information with market context.
This offering presents a seven-property portfolio comprising assembled corner lots with substantial frontage on Douglas Rd. The sale includes approved floor plans for development of an 8-story mixed-use building, with 3 stories dedicated to parking and 5 stories containing 135 condo apartments.
The portfolio includes the following parcels: 3700 SW 28th St; 2810 SW 37th Ave; 2814 SW 37th Ave; 2816 SW 37th Ave; 2828 SW 37th Ave; 2824 SW 37th Ave; and 2828 SW 37h Ave. The properties are described as being perfectly located along Douglas Rd, across from a renovated “Douglas Park.”
Zoning is listed as T5-0 +3, authorized for 8 stories. The remarks also note the site is positioned between Coral Gables, Coconut Grove, and Miami International Airport.
The portfolio includes the following parcels: 3700 SW 28th St; 2810 SW 37th Ave; 2814 SW 37th Ave; 2816 SW 37th Ave; 2828 SW 37th Ave; 2824 SW 37th Ave; and 2828 SW 37h Ave. The properties are described as being perfectly located along Douglas Rd, across from a renovated “Douglas Park.”
Zoning is listed as T5-0 +3, authorized for 8 stories. The remarks also note the site is positioned between Coral Gables, Coconut Grove, and Miami International Airport.
Key Highlights
- 7‑property portfolio with assembled corner lots on Douglas Rd
- Zoning T5‑0 +3 authorizes an 8‑story development
- Site totals 42,000 SF with large frontage on Douglas Rd
Financial Insights For Mixed Use
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 | $1.76M | $42.00 |
| − Vacancy | −$176.4k | −$4.20 |
| EGI | $1.59M | $37.80 |
| − OpEx | −$595.4k | −$14.18 |
| NOI | $992.3k | $23.63 |
42,000 SF · lease $42.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$14.17M
$12.40M – $16.54M
NOI $992,250 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$11.08M
$9.70M – $12.93M
NOI $775,883 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$28.35M
$24.81M – $33.08M
NOI $1,984,519 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
FAQs
What type of property is this?
Apartment building - Portfolio of seven assembled corner lots on Douglas Rd with approved floor plans for an 8-story mixed-use build.
Where is this apartment building located?
The property is located at 2810 SW 37th Ave Miami, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: 7‑property portfolio with assembled corner lots on Douglas Rd; Zoning T5‑0 +3 authorizes an 8‑story development; Site totals 42,000 SF with large frontage on Douglas Rd
