Wynwood Assemblage with Redevelopment
2010-2014-2020 NW Miami Court Miami, FL 33127
2010-2014-2020 NW Miami Court, Miami, FL, 33127
Contact for pricing
For Sale
Contact for pricing
Three-parcel assemblage near Wynwood's Art & Entertainment District.
Property Size26,374 SF
Price / SF$701.45
Days on Market2464
Property Features for 2010-2014-2020 NW Miami Court
General Information
- Standard status
- Active
- Size
- 26,374 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1938
Listing agency
The Corcoran Group Miami Beach
(305) 538-9711
Listed by
Frank Euler · License #3262818
Source
Crexi
Added: Oct 23, 2019 Updated: Jul 6 at 8:19AM Checked: Jul 19 at 3:48AM
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 The Corcoran Group Miami Beach
Investment Insights
Based on property information with market context.
This portfolio features a 19,650 square foot three-parcel assemblage, offering approximately 26,274 square feet of leasable space. It is situated by the southeastern gateway to Wynwood’s Art & Entertainment District. The property benefits from existing cash flow generated from leases at below-market value, presenting an opportunity to increase revenues. The location is near several new projects, including CIM Group’s Wynwood Square, which will offer approximately 87,000 square feet of office and retail space, along with 257 apartments, and Quadrum Global’s Arlo Hotel. Current tenants are in place.
Key Highlights
- Located at the south‑eastern gateway into Wynwood’s Art & Entertainment District
- 19,650 SF three‑parcel assemblage with approximately 26,274 SF leasable space
- Existing cash flow from leases
Local Financial Insights For Retail
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 | $1.37M | $51.96 |
| − Vacancy | −$141.2k | −$5.35 |
| EGI | $1.23M | $46.61 |
| − OpEx | −$368.8k | −$13.98 |
| NOI | $860.5k | $32.63 |
26,374 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$12.29M
$10.76M – $14.34M
NOI $860,470 @ 7.0% cap · market cap 4.65%
Second Best
Office B
$10.81M
$9.46M – $12.61M
NOI $756,604 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$17.80M
$15.58M – $20.77M
NOI $1,246,183 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-parcel assemblage near Wynwood's Art & Entertainment District.
Where is this mixed-use property located?
The property is located at 2010-2014-2020 NW Miami Court Miami, FL.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: Located at the south‑eastern gateway into Wynwood’s Art & Entertainment District; 19,650 SF three‑parcel assemblage with approximately 26,274 SF leasable space; Existing cash flow from leases
