T4-Zoned Commercial
For Sale
$2,400,000
800 NW 36th St, Miami, FL 33127
Miami commercial land with redevelopment potential under current T4 zoning and access to established urban transportation options.
Property Size6,600 SF
Days on Market56
Property Features for 800 NW 36th St
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Retail
Building Details
Building Size
6,600 SF
Year Built
1924
Listing Agency:
RE/MAX Advance Realty II
Listed By:
Phillip Delgado · License #3058962
(305) 989-3200
Source:
Miamibrokersgroup
Added: Aug 14
Changed: Sep 26
Last Checked: Oct 7 at 4:59PM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This commercial land offering is located at 800 NW 36th St in Miami’s Buena Vista district. The property is identified with T4 zoning, and the current zoning is described as allowing development of up to 65 units per acre. The site is positioned for redevelopment rather than continued reliance on the existing improvements, which date to 1924.
The surrounding area records a walk score of 68, a bike score of 53, and a transit score of 60. These ratings reflect a somewhat walkable, bikeable setting with good transit access. The property is also described as being within an Opportunity Zone market.
The surrounding area records a walk score of 68, a bike score of 53, and a transit score of 60. These ratings reflect a somewhat walkable, bikeable setting with good transit access. The property is also described as being within an Opportunity Zone market.
Key Highlights
- T4 zoning described as allowing development of up to 65 units per acre
- Commercial land at 800 NW 36th St, Miami, FL 33127
- Existing improvements date to 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,330
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,306,600
$4.3M
Cap Rate 7%
$3,076,143
$3.1M
Cap Rate 9%
$2,392,556
$2.4M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$342.9K $51.96/SF
− Vacancy
−$35.3K −$5.35/SF
EGI
$307.6K $46.61/SF
− OpEx
−$92.3K −$13.98/SF
NOI
$215.3K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,306,600
Cap Rate 7%
$3,076,143
Cap Rate 9%
$2,392,556
Alternative Uses
Best Use
Retail
$3.08M
$2.69M – $3.59M
NOI $215,330 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.46M
$3.90M – $5.20M
NOI $311,853 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,320
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Commercial land - Miami commercial land with redevelopment potential under current T4 zoning and access to established urban transportation options.
Where is this commercial land located?
The property is located at 800 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: T4 zoning described as allowing development of up to 65 units per acre; Commercial land at 800 NW 36th St, Miami, FL 33127; Existing improvements date to 1924
