Miami New Construction Investment
For Sale
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5130 - 5140 NW 5th Avenue, Miami, FL 33127
New construction duplex near Wynwood with strong rental income potential.
Property Size13,028 SF
Price / SF$259.06
Days on Market196
Property Features for 5130 - 5140 NW 5th Avenue
General Information
Standard status
Active
Size
13,028 SF
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
5700
Building Details
Year Built
2023
Stories
2
Units
4
Listing Agency:
Lokation Realty
Listed By:
AJ Vargas · License #FL 3391195
Source:
Crexi
Added: Feb 18
Changed: Aug 31
Last Checked: Jul 23 at 11:01AM
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 Lokation Realty
Investment Insights
Based on property information with market context.
This new construction investment opportunity is located minutes from Wynwood in Miami. The turnkey asset features 2 modern duplex buildings, comprising 4 luxury townhome-style units. Each unit offers 3 bedrooms and 2.5 bathrooms, and includes a private pool. The units are fully furnished and professionally curated, allowing for immediate income generation. Built with contemporary architecture, the property delivers rental appeal and cash-flow potential in a high-demand rental corridor. Premium fixtures and seamless indoor-outdoor living create a boutique hospitality experience. The property is located in a rapidly appreciating neighborhood surrounded by dining, art, and entertainment. This property represents a blend of location, design, and income potential and is suitable as a short-term or long-term rental asset. The property size is 13028 square feet.
Key Highlights
- New construction (2023) duplex buildings comprising 4 luxury townhome‑style units with private pools.
- Located in a sought‑after Miami location, minutes from Wynwood, offering proximity to dining, art, and entertainment.
- Turnkey asset: fully furnished and professionally curated units for immediate income generation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$261,284
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,225,680
$5.2M
Cap Rate 7%
$3,732,629
$3.7M
Cap Rate 9%
$2,903,156
$2.9M
Market Conditions
NOI Build-Up for 13,028 SF
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.
Gross rent
$398.7K $30.60/SF
− Vacancy
−$25.4K −$1.95/SF
EGI
$373.3K $28.65/SF
− OpEx
−$112.0K −$8.60/SF
NOI
$261.3K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,225,680
Cap Rate 7%
$3,732,629
Cap Rate 9%
$2,903,156
Alternative Uses
Best Use
Multifamily LT 5
$3.73M
$3.27M – $4.35M
NOI $261,284 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$3.44M
$3.01M – $4.01M
NOI $240,671 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$8.79M
$7.69M – $10.26M
NOI $615,579 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex near Wynwood with strong rental income potential.
Where is this duplex located?
The property is located at 5130 - 5140 NW 5th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: New construction (2023) duplex buildings comprising 4 luxury townhome‑style units with private pools.; Located in a sought‑after Miami location, minutes from Wynwood, offering proximity to dining, art, and entertainment.; Turnkey asset: fully furnished and professionally curated units for immediate income generation.
