Flex Warehouse Development
2900 Northwest 11th Avenue Miami, FL 33127
2900 Northwest 11th Avenue, Miami, FL, 33127
$2,500,000
For Sale
$2,500,000
Zoned T4-O and includes warehouse, manufacturing areas, offices, meeting rooms, plus kitchen and bathrooms.
Property Size4,500 SF
Price / SF$555.56
Days on Market365
Property Features for 2900 Northwest 11th Avenue
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Land & Docks / Unimproved Land
Listing agency
Dezer Platinum Realty LLC
(786) 205-0525
Listed by
Jeanette Pressman · License #3308517
(786) 205-0525
Source
Compass
Added: Jul 24, 2025 Updated: Jul 22 at 5:37PM Checked: Jul 22 at 5:37PM
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 Dezer Platinum Realty LLC
Investment Insights
Based on property information with market context.
The property is being sold as a development-oriented package, with a lot that zones retail and residential, and parking sold together with the building next door (MLS A11894519). The existing building includes warehouse space, a kitchen, two bathrooms, manufacturing areas, and numerous reception, office, and meeting rooms.
Public remarks indicate the site is zoned T4-O and discuss potential mixed-use multi-family development incentives. Those remarks also reference a possible density of 36 units per acre (for a total of 9 units) and the concept of erecting a building with 9 units above the parking. The remarks further cite proximity to SW 12 Ave. as a potential Transit Corridor and note that density bonuses and parking reductions may be available under workforce housing and other programs.
The property is located at 2900 Northwest 11th Avenue in Miami, FL, and is described as within walking distance to Wynwood.
Public remarks indicate the site is zoned T4-O and discuss potential mixed-use multi-family development incentives. Those remarks also reference a possible density of 36 units per acre (for a total of 9 units) and the concept of erecting a building with 9 units above the parking. The remarks further cite proximity to SW 12 Ave. as a potential Transit Corridor and note that density bonuses and parking reductions may be available under workforce housing and other programs.
The property is located at 2900 Northwest 11th Avenue in Miami, FL, and is described as within walking distance to Wynwood.
Key Highlights
- Zoned T4‑O and includes warehouse, manufacturing areas, offices, meeting rooms, plus a kitchen and bathrooms
- Zoned for retail, residential, and parking (sold together with the adjacent building)
- Building includes warehouse space, kitchen, 2 bathrooms, manufacturing areas, and numerous reception, office, and meeting rooms
Local Financial Insights For Warehouse
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 | $90.7k | $20.16 |
| − Vacancy | −$4.4k | −$0.97 |
| EGI | $86.4k | $19.19 |
| − OpEx | −$13.0k | −$2.88 |
| NOI | $73.4k | $16.31 |
4,500 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.05M
$917.6K – $1.22M
NOI $73,411 @ 7.0% cap · market cap 2.94%
Second Best
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,627 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- 11 Fye Flavors — 2412 NW 19th St, Miami, FL 33125
- Dadaillecatering — 428 NW 22nd St, Miami, FL 33127
- Potions in Motion — 318 NW 23rd St, Miami, FL 33127
- Hospitality & Culinary Collective — 1406 NW 23rd St, Miami, FL 33142
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
FAQs
What type of property is this?
Flex space - Zoned T4-O and includes warehouse, manufacturing areas, offices, meeting rooms, plus kitchen and bathrooms.
Where is this flex space located?
The property is located at 2900 Northwest 11th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Zoned T4‑O and includes warehouse, manufacturing areas, offices, meeting rooms, plus a kitchen and bathrooms; Zoned for retail, residential, and parking (sold together with the adjacent building); Building includes warehouse space, kitchen, 2 bathrooms, manufacturing areas, and numerous reception, office, and meeting rooms
