Furnished Flex Space with
For Sale
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301 NW 37th St Unit CU2, Miami, FL 33127
Furnished two-bedroom, one-bath property with an updated kitchen and adaptable office or operational space.
Property Size800 SF
Price / SF$2.75
Days on Market189
Property Features for 301 NW 37th St Unit CU2
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
5
Property subtype
Flex Space
Site & Location
Neighborhood
Old San Juan
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Furnished
Yes
Amenities
updated kitchen
outdoor area
Building Details
Building Size
800 SF
Year Built
1939
Listing Agency:
LX Realty LLC
Listed By:
Aleksandar Ilic · License #3462037
(312) 933-7055
Source:
Casacollectiongroup
Added: Apr 21
Changed: Oct 25
Last Checked: Oct 25 at 12:08AM
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 LX Realty LLC
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Investment Insights
Based on property information with market context.
This flex space combines a furnished two-bedroom, one-bath layout with an updated kitchen and additional office or operational areas. The property includes parking for up to 5 vehicles and an approximately 1,600 SF yard that may accommodate 2-3 food trucks, subject to applicable zoning, permits, and approvals. Built in 1939, the property offers a commercial configuration with live-work characteristics and outdoor operating area.
The property is located at 301 NW 37th St Unit: CU1 in Miami, near Wynwood and the Design District. South Beach, Brickell, and Downtown Miami are approximately 10 minutes away, with quick access to I-95.
The property is located at 301 NW 37th St Unit: CU1 in Miami, near Wynwood and the Design District. South Beach, Brickell, and Downtown Miami are approximately 10 minutes away, with quick access to I-95.
Key Highlights
- Furnished two‑bedroom, one‑bath layout with updated kitchen
- Adaptable office and operational areas
- Parking for up to 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,748
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,960
$215.0K
Cap Rate 7%
$153,543
$153.5K
Cap Rate 9%
$119,422
$119.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$16.1K $20.16/SF
− Vacancy
−$774 −$0.97/SF
EGI
$15.4K $19.19/SF
− OpEx
−$4.6K −$5.76/SF
NOI
$10.7K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,960
Cap Rate 7%
$153,543
Cap Rate 9%
$119,422
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 1,043.18%
Second Best
Mixed Use
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 859.09%
Theoretical Best
Specialty Retail
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 1,718.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,348
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Market
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Tom's Lemonade — 2562 NW 2nd Ave, Miami, FL 33127
- Planet Kids Indoor Playground and Cafe — 2403 NE 2nd Ave Local 107 - 108, Miami, FL 33137
- Piacere Pizza Catering — 156 NE 27th St, Miami, FL 33137
- CONSCIOUSBITE — 753 NW 28th St, Miami, FL 33127
- Caserita Fusion — 226 NE 28th St, Miami, FL 33137
Frequently Asked Questions
What type of property is this?
Flex space - Furnished two-bedroom, one-bath property with an updated kitchen and adaptable office or operational space.
Where is this flex space located?
The property is located at 301 NW 37th St Unit CU2 Miami, FL.
What are key features of this property?
This property features: Furnished two‑bedroom, one‑bath layout with updated kitchen; Adaptable office and operational areas; Parking for up to 5 vehicles
