T5-L Zoned Commercial
5501 NW 2nd Ave, Miami, FL 33127
For Sale
$799,000
Land, Miami, FL
Property Size1,680 SF
Lot Size0.10 Acres
Price / SF$475.60
Days on Market132
Property Features for 5501 NW 2nd Ave
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Water source
Listing Agency:
Related General Realty, LLC.
(305) 932-6365
Listed By:
Carlos Guzon Michaels · License #3470654
(305) 979-6016
Added: Jun 30
Changed: Nov 1
Last Checked: Nov 8 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This commercial land parcel encompasses approximately 0.0987 acres, or 4,300 square feet, at 5501 NW 2nd Ave in Miami. The property carries T5-L zoning and is supported by public water and public sewer service, with cable availability also identified.
An adjacent planned corner development is described as incorporating high-end retail, a café, and destination dining. The site is positioned near Miami’s Design District and Wynwood, within the 55th St and 2nd Ave corridor. The surrounding development context and zoning designation provide a basis for evaluating future commercial or mixed-use planning, subject to applicable approvals.
An adjacent planned corner development is described as incorporating high-end retail, a café, and destination dining. The site is positioned near Miami’s Design District and Wynwood, within the 55th St and 2nd Ave corridor. The surrounding development context and zoning designation provide a basis for evaluating future commercial or mixed-use planning, subject to applicable approvals.
Key Highlights
- 4,300‑square‑foot commercial land parcel on approximately 0.0987 acres
- T5‑L zoning designation
- Public water and public sewer service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,690
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,800
$793.8K
Cap Rate 7%
$567,000
$567.0K
Cap Rate 9%
$441,000
$441.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$70.6K $42.00/SF
− Vacancy
−$7.1K −$4.20/SF
EGI
$63.5K $37.80/SF
− OpEx
−$23.8K −$14.18/SF
NOI
$39.7K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,800
Cap Rate 7%
$567,000
Cap Rate 9%
$441,000
Alternative Uses
Best Use
Mixed Use
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$992.3K – $1.32M
NOI $79,381 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
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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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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - Miami parcel with public water, public sewer, and cable availability.
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 $799,000.
What are key features of this property?
This property features: 4,300‑square‑foot commercial land parcel on approximately 0.0987 acres; T5‑L zoning designation; Public water and public sewer service
