2828 SW 37th Ave Miami, FL 33133
Development portfolio site authorized for 8 stories mixed-use building.
Property Features for 2828 SW 37th Ave
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing office (786) 200-4509
Listing date Apr 15, 2026
Source Elliman
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.
Key Highlights
- Development portfolio site of 7 properties with corner lots and large frontage on Douglas Rd.
- Zoning T5‑0 +3 authorizes construction of an 8‑story building.
- Approved floor plans included for an 8‑story mixed‑use building with 3 stories of parking and 5 stories (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 |
