Wynwood Development
For Sale
Contact for pricing
301 NW 36th St, Miami, FL 33127
21,785 SF building on over an acre in Wynwood.
Property Size21,785 SF
Lot Size1.00 Acre
Price / SF$683.96
Days on Market657
Property Features for 301 NW 36th St
General Information
Standard status
Active
Size
21,785 SF
Total Parking Spaces
204
Lot size
1.00 Acre
Property subtype
Retail
Zoning
T6-8-O
Building Details
Units
162
Listing Agency:
Chariff Realty Group Inc
Listed By:
Luis Guevara · License #3276390
(786) 487-5402
Source:
Crexi
Added: Nov 20, 2024
Changed: Sep 5
Last Checked: Sep 8 at 7:35AM
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 Chariff Realty Group Inc
Investment Insights
Based on property information with market context.
The property at 301 NW 36th Street, Miami, FL 33127, features a 21,785-square-foot building situated on over an acre of land. Located within the Wynwood Norte NRD-2 Overlay, the property is zoned T-6-8-O. The zoning allows for the potential development of approximately 162 units by right. This makes it suitable for mixed-use development or for an owner-user seeking to capitalize on the growth and accessibility of the Wynwood Norte area.
Key Highlights
- Prime Wynwood Norte location within NRD‑2 Overlay.
- Zoned T‑6‑8‑O allowing for approximately 162 units by right.
- Ideal for mixed‑use development.
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
$514,671
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
3.45%
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%
$10,293,420
$10.3M
Cap Rate 7%
$7,352,443
$7.4M
Cap Rate 9%
$5,718,567
$5.7M
Market Conditions
NOI Build-Up for 21,785 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
$915.0K $42.00/SF
− Vacancy
−$91.5K −$4.20/SF
EGI
$823.5K $37.80/SF
− OpEx
−$308.8K −$14.18/SF
NOI
$514.7K $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 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%
$10,293,420
Cap Rate 7%
$7,352,443
Cap Rate 9%
$5,718,567
Alternative Uses
Best Use
Mixed Use
$7.35M
$6.43M – $8.58M
NOI $514,671 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.71M
$12.87M – $17.16M
NOI $1,029,351 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,348
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?
Mixed-use property - 21,785 SF building on over an acre in Wynwood.
Where is this mixed-use property located?
The property is located at 301 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Prime Wynwood Norte location within NRD‑2 Overlay.; Zoned T‑6‑8‑O allowing for approximately 162 units by right.; Ideal for mixed‑use development.
