Wynwood Development
For Sale
Contact for pricing
301 NW 36th St, Miami, FL 33127
21,785 SF building on over an acre in Wynwood.
Property Size21,785 SF
Lot Size1.00 Acre
Price / SF$683.96
Days on Market710
Property Features for 301 NW 36th St
General Information
Standard status
Active
Size
21,785 SF
Total Parking Spaces
204
Lot size
1.00 Acre
Property subtype
Retail
Zoning
T6-8-O
Site & Location
Neighborhood
Old San Juan
Building Details
Units
162
Listing Agency:
Chariff Realty Group Inc
Listed By:
Luis Guevara · License #3276390
(786) 487-5402
Source:
Crexi
Added: Nov 20, 2024
Changed: Oct 28
Last Checked: Oct 30 at 1:26PM
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 Chariff Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 301 NW 36th Street, Miami, FL 33127, features a 21,785-square-foot building situated on over an acre of land. Located within the Wynwood Norte NRD-2 Overlay, the property is zoned T-6-8-O. The zoning allows for the potential development of approximately 162 units by right. This makes it suitable for mixed-use development or for an owner-user seeking to capitalize on the growth and accessibility of the Wynwood Norte area.
Key Highlights
- Prime Wynwood Norte location within NRD‑2 Overlay.
- Zoned T‑6‑8‑O allowing for approximately 162 units by right.
- Ideal for mixed‑use development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$514,671
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,293,420
$10.3M
Cap Rate 7%
$7,352,443
$7.4M
Cap Rate 9%
$5,718,567
$5.7M
Market Conditions
NOI Build-Up for 21,785 SF
Gross rent
$915.0K $42.00/SF
− Vacancy
−$91.5K −$4.20/SF
EGI
$823.5K $37.80/SF
− OpEx
−$308.8K −$14.18/SF
NOI
$514.7K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,293,420
Cap Rate 7%
$7,352,443
Cap Rate 9%
$5,718,567
Alternative Uses
Best Use
Mixed Use
$7.35M
$6.43M – $8.58M
NOI $514,671 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.71M
$12.87M – $17.16M
NOI $1,029,351 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,348
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 21,785 SF building on over an acre in Wynwood.
Where is this mixed-use property located?
The property is located at 301 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Prime Wynwood Norte location within NRD‑2 Overlay.; Zoned T‑6‑8‑O allowing for approximately 162 units by right.; Ideal for mixed‑use development.
