Zoned Development Land with
For Sale
$950,000
5501 NW 2nd Ave, Miami, FL 33127
COMMERCIAL - Miami, FL
Property Size1,680 SF
Lot Size0.10 Acres
Price / SF$565.48
Days on Market101
Property Features for 5501 NW 2nd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6107
Subdivision
RAILWAY SHOPS ADDN 1ST AD
Lot features
<1 Acre
Standard status
Active
APN
01-31-13-059-0060
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RAILWAY SHOPS ADDN 1ST ADDN PB 3-200 LOT 7 LESS W13FT FOR R/W BLK 1 LOT SIZE 50.00 X 86 OR 20880-0690 1202 4
Tax Annual Amount
1200
Legal Description
RAILWAY SHOPS ADDN 1ST ADDN PB 3-200 LOT 7 LESS W13FT FOR R/W BLK 1 LOT SIZE 50.00 X 86 OR 20880-0690 1202 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Related General Realty, LLC.
(305) 932-6365
Listed By:
Carlos Guzon Michaels · License #3470654
(305) 979-6016
Added: Apr 24
Changed: Jun 30
Last Checked: Aug 2 at 4:06AM
MLS# A12005500
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.
Investment Insights
Based on property information with market context.
This for-sale development parcel is zoned T5-L and totals approximately 4,300 square feet (about 0.0987 acres). The offering also references a 1,680 square foot property, providing an existing structure within the site boundaries as you evaluate redevelopment or owner-user plans.
The site is positioned adjacent to a major planned corner development anticipated to bring high-end retail, a curated café, and destination dining. The property is located at 5501 NW 2nd Ave in Miami (Miami-Dade County), and the area is described as transitioning toward higher-density mixed-use.
For developers and owner-users, the T5-L zoning designation and mixed-use direction described in the remarks support a variety of end-use scenarios centered on integrating commercial and residential components. This land acquisition is presented as a starting point while you finalize architectural planning, with the broader 55th St and 2nd Ave corridor highlighted as undergoing an upscale transformation.
The site is positioned adjacent to a major planned corner development anticipated to bring high-end retail, a curated café, and destination dining. The property is located at 5501 NW 2nd Ave in Miami (Miami-Dade County), and the area is described as transitioning toward higher-density mixed-use.
For developers and owner-users, the T5-L zoning designation and mixed-use direction described in the remarks support a variety of end-use scenarios centered on integrating commercial and residential components. This land acquisition is presented as a starting point while you finalize architectural planning, with the broader 55th St and 2nd Ave corridor highlighted as undergoing an upscale transformation.
Key Highlights
- T5‑L zoned property with 4,300 Sq. Ft. lot
- Total property area of 1,680 Sq. Ft.
- Utilities available: cable
Financial Insights For Apartment 5plus
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 | $60.5k | $36.00 |
| − Vacancy | −$4.1k | −$2.41 |
| EGI | $56.4k | $33.59 |
| − OpEx | −$25.4k | −$15.11 |
| NOI | $31.0k | $18.47 |
1,680 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$443.4K
$387.9K – $517.3K
NOI $31,035 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$992.3K – $1.32M
NOI $79,381 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,092
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - For-sale T5-L zoned land offering a compact footprint for development or owner-use in Miami-Dade.
Where is this commercial land located?
The property is located at 5501 NW 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: T5‑L zoned property with 4,300 Sq. Ft. lot; Total property area of 1,680 Sq. Ft.; Utilities available: cable
