5501 NW 2nd Avenue, Miami, FL 33127
T5-L zoned land totaling 4,300 sf with an existing 1,680 sf property, positioned next to a planned corner retail project.
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 3:30 am
Property Features for 5501 NW 2nd Avenue
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.10 Acres
- Property subtype
- Land
Listing office Related General Realty, LLC. (305) 979-6016
Listing date Jul 7, 2026
Source Laerrealty
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 Related General Realty, LLC.
HighLights
- T5‑L zoned land totaling 4,300 SF with an existing 1,680 SF property
- Adjacent to a planned corner development featuring high‑end retail, a curated café, and destination dining
- Location near the Design District and Wynwood (just minutes away)
Overview
The property sits adjacent to a major planned corner development intended to bring high-end retail, a curated café, and destination dining. It is also described as being just minutes from the Design District and Wynwood, placing the asset within an active mixed-use transformation area.
For tenants, buyers, and operators evaluating a land acquisition with an existing structure, this T5-L site offers a straightforward platform to support future planning tied to the surrounding development momentum described in the listing. With the property’s existing size profile and its location near an identified corner retail destination, it may suit owner-users aiming for a flagship setup or developers seeking a lot in an area undergoing retail and dining buildout.
Local Financial Insights For Retail
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 | $87.3k | $51.96 |
| − Vacancy | −$9.0k | −$5.35 |
| EGI | $78.3k | $46.61 |
| − OpEx | −$23.5k | −$13.98 |
| NOI | $54.8k | $32.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.199879
- Latitude
- 25.826446
