Mixed-Use Development
2814 SW 37th Ave Miami, FL 33133
2814 SW 37th Ave, Miami, FL, 33133
$15,000,000
For Sale
$15,000,000
Seven side-by-side properties on Douglas Rd offer approved plans for an eight-story mixed-use building with condo apartments.
Property Size42,000 SF
Price / SF$357.14
Days on Market114
Property Features for 2814 SW 37th Ave
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
(786) 200-4509
Listed by
Roger Pardo
(786) 200-4509
Source
Elliman
Added: Mar 31 Updated: Jul 21 at 5:42AM Checked: Jul 21 at 5:42AM
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 sale includes a portfolio of seven side-by-side properties assembled on a corner-lot configuration with large frontage on Douglas Rd. The combined offering is described as totaling 42,000 square feet, with zoning identified as T5-0 plus 3, which is described as authorized for eight stories. Included in the sale are floor plans approved for an eight-story mixed-use building, featuring three stories of parking and five stories containing 135 condo apartments.
The portfolio is positioned on Douglas Rd, across from the renovated “Douglas Park.” The public remarks list the participating addresses as 3700 SW 28th St, 2810 SW 37th Ave, 2814 SW 37th Ave, 2816 SW 37th Ave, 2824 SW 37th Ave, 2828 SW 37th Ave, and 2812 SW 37h Ave. The surrounding area is noted between Coral Gables, Coconut Grove, and Miami International Airport.
Separately identified, each parcel is part of the assembled development site intended for a mixed-use, eight-story concept under the referenced approved plans.
The portfolio is positioned on Douglas Rd, across from the renovated “Douglas Park.” The public remarks list the participating addresses as 3700 SW 28th St, 2810 SW 37th Ave, 2814 SW 37th Ave, 2816 SW 37th Ave, 2824 SW 37th Ave, 2828 SW 37th Ave, and 2812 SW 37h Ave. The surrounding area is noted between Coral Gables, Coconut Grove, and Miami International Airport.
Separately identified, each parcel is part of the assembled development site intended for a mixed-use, eight-story concept under the referenced approved plans.
Key Highlights
- Portfolio of 7 side‑by‑side properties on Douglas Rd with approved plans for an 8‑story mixed‑use building
- Zoning T5‑0 +3 authorizes up to 8 stories for development at the assembled corner lots
- Approved structure includes 3 stories of parking and 5 stories with 135 condo apartments
Local 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
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Seven side-by-side properties on Douglas Rd offer approved plans for an eight-story mixed-use building with condo apartments.
Where is this apartment building located?
The property is located at 2814 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: Portfolio of 7 side‑by‑side properties on Douglas Rd with approved plans for an 8‑story mixed‑use building; Zoning T5‑0 +3 authorizes up to 8 stories for development at the assembled corner lots; Approved structure includes 3 stories of parking and 5 stories with 135 condo apartments
