845 12Th St Miami, FL 33136
This exceptional 0.5-acre (22,066 square foot) development site in Miami's Health District presents a unique investment opportunity. Located at 845 NW 12th St, Miami, FL 33136, this vacant corner lot sits at the intersection of NW 12th Street and NW 8th Avenue, offering convenient access to major highways and proximity to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, LoanDepot Park, and Miami International Airport. The property is zoned T6-8-O, permitting dense mixed-use development. Construction drawings are fully permitted for a 73,000 square foot, 79-unit rental project (61,602 square feet of rentable space and 72,944 square feet under air conditioning), with ASPR approval already secured. The site benefits from its location near the Culmer Metrorail station and the future Underdeck Project, a mile-long linear public space slated for completion in 2026, enhancing community connectivity. The allowed uses are residential and commercial, with a floor lot ratio of 5 (plus a 25% bonus), allowing for a maximum density of 1,000 units per acre. The asking price for this shovel-ready opportunity is $6,900,000. The APN is 01-3135-019-2300.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.