Wynwood Development
301 NW 36th St Miami, FL 33127
For Sale
Contact for pricing
21,785 SF building on over an acre in Wynwood.
Property Size21,785 SF
Lot Size1.00 Acre
Price / SF$683.96
Days on Market611
Property Features for 301 NW 36th St
General Information
- Standard status
- Active
- Size
- 21,785 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail
Listing Agency:
Chariff Realty Group Inc
(305) 576-7474
Listed By:
Luis Guevara · License #3276390
Source:
Crexi
Added: Nov 20, 2024
Changed: Jul 10
Last Checked: Jul 23 at 9:08AM
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 For Mixed Use
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 | $915.0k | $42.00 |
| − Vacancy | −$91.5k | −$4.20 |
| EGI | $823.5k | $37.80 |
| − OpEx | −$308.8k | −$14.18 |
| NOI | $514.7k | $23.63 |
21,785 SF · lease $42.00/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
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.
