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    Miami Commercial Site for Development Title is generated by Realmo AI

    3270 NW 36th St, Miami, FL 33142

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    For Sale
    $2,500,000

    Commercial - Miami, FL

    Lot size:
    0.47 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    59
    Last Refresh:
    May 14 at 5:06 am

    Property Features for 3270 NW 36th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    6100
    Standard status
    Active
    APN
    01-31-28-013-0790
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    13232

    Utilities

    Sewer type
    Other
    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Carter PA

    Listing agent Brian Carter PA License #3022095

    Listing office Douglas Elliman 5555 Biscayne Blvd, Palm Beach, FL

    Listing date Mar 17, 2026

    MLS# A11865931 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Development opportunity: Zoned T6‑8‑O, allowing for construction of up to 46 apartment units and 8 stories on 13,500 SF of land.
    • Existing income potential: Includes two office buildings currently used as medical and rehab centers, providing immediate rental income.
    • Additional residential unit: Features a 2/1 house zoned RU‑3/duplex on 6,850 SF, offering further income or development options.
    • Prime location: Fronts NW 36th St in Miami, with access to NW 35th St.
    • Ample parking: Half of the lot fronting NW 35th St is paved parking for the offices.
    • Flexible usage: Can be redeveloped for apartments, retail, or office space, or used as‑is.

    Overview

    This versatile site in Miami, FL, is suitable for apartment development and existing office or medical use. It fronts NW 36th St with access to NW 35th St. Currently, there are two office buildings used as medical and rehab centers, but they may also be used as standard offices. An additional 2/1 house is located in the back, fronting NW 35th St, where half of the lot is used as paved parking for the offices. Land developers can build up to 46 units and up to 8 stories on the 13,500 SF of land zoned T6-8-O. The extra 2/1 in the back is zoned RU-3/duplex in Miami-Dade County on 6,850 SF, bringing the total land area to 20,350 SF. The property is sold as an assemblage of three folios encompassing single-story medical facilities, laid out as: 1) examination, x-rays, office, and treatment room; and 2) a rehabilitation center. The site can be redeveloped for apartments, retail, or office space, or used as-is. The property is sold as a package/assembly.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goals Plastic Surgery Physician Occupational Medical Center Medical Clinic Lab Testing 4U Std Testing Service Ryon Thomas N ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Shipping Port Veterinarian — 4703 NW 27th Ave, Miami, FL 33142

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.249373
    Latitude
    25.80853

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile site for development or existing office/medical use.
    Where is this medical office space located?
    The property is located at 3270 NW 36th St 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: Development opportunity: Zoned T6‑8‑O, allowing for construction of up to 46 apartment units and 8 stories on 13,500 SF of land.; Existing income potential: Includes two office buildings currently used as medical and rehab centers, providing immediate rental income.; Additional residential unit: Features a 2/1 house zoned RU‑3/duplex on 6,850 SF, offering further income or development options.
    (305) 695-6300
    We can help!
    Listing Contact
    Brian Carter PA
    Real Estate License ID: 3022095
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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