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150 NW 21St St, Miami, FL 33127
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Property summary
AI-generated overview
This exceptional 21,200 square foot commercial land parcel is located at 150 NW 21st St, Miami, FL 33127, in the heart of Wynwood's vibrant retail district. Zoned Wynwood NRD-1 T5-O, this site allows for the construction of an eight-story building, with potential for a mixed-use development or boutique hotel. The permitted zoning allows for 73-109 units with bonus, or 146-219 keys, resulting in a total surface area of 135,000 square feet. Currently operating as an event venue and film studio, the property boasts a current assembly license, facilitating special events. Its strategic location on 21st Street, just a block from NW 2nd Avenue, places it at the center of Wynwood's dynamic growth. The asking price is $13,950,000, translating to $2,184.87 per square foot. With over 35 developments currently under construction or planned in Wynwood, including a significant pipeline of residential and retail projects, this site presents a compelling investment opportunity in a rapidly evolving neighborhood. The property's potential for upzoning under the Live Local Act further enhances its value proposition. This is a rare chance to acquire a substantial development site in one of Miami's most sought-after areas.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1947
Construction
CONCRETE
Total area
5,950 SF
Lot
0.49 ac (21,200 SF)
Zoning code
6101
APN
01-3125-054-0490
UPID
US18-2772884
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Resort
-
Community Center
-
Film Production Television Studio
-
Film Production Television Studio
-
Community Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
since 2020
4 recorded transactions
Zoning & alternative use
6101 · Miami, FL
Top alternative use upside
Restaurant
$965,000
+42.5%
Industrial (general)
$830,000
+22.7%
Retail stores
$815,000
+20.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$700k
Value range
$630k – $770k
±10% around blend
Estimated value / SF
$118 / SF
Confidence
Property data
100
Comparable evidence
60
$630k
blend $700k
$770k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,950 SF
Lot area
0.49 ac
Year built
1947
Stories
1
APN
01-3125-054-0490
Zoning
6101
Assessed value
$6,460,667
Annual tax
$59,950
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$700k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+43%
vs current-use indication
Industrial (general)
Retail Stores
Nightclub (cocktail Lounge) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.46M
Move the market yield to see immediate price impact.
Value / SF
$1,086
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$407k
$8.14M
$5.81M
$4.52M
$452k
$9.04M
$6.46M
$5.02M
$497k
$9.95M
$7.11M
$5.53M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,950
Tax year 2023
Assessed value
$6,460,667
Assessed 2023
Previous assessed
$5,930,667
+8.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$6,360,000
Assessed improvement
$100,667
Land market value
$6,360,000
Improvement market value
$100,667
Total market value
$6,460,667
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
For Sale
Year built
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,950 SF
Lot
0.49 ac (21,200 SF)
Zoning code
6101
APN
01-3125-054-0490
UPID
US18-2772884
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FLZoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6101
Jurisdiction
Miami, FL
Recorded code
6101
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6101 in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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