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175 NE 36Th St, Miami, FL 33137
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Property summary
AI-generated overview
This exceptional freestanding property at 175 NE 36th St, Miami, FL 33137, presents a remarkable development opportunity in the heart of Miami's Design District. Boasting 114 feet of frontage, the property offers unparalleled visibility and accessibility. Currently configured as a nightclub/restaurant with a full kitchen and 13 VIP parking spaces, secured by a gated entrance, it's ideally suited for national brands. The T6-12-O zoning allows for significant expansion, with potential for 83,472 to 108,513 square feet of development across 12-20 floors, accommodating mixed-use, hotel, or residential projects. Built in 1921, this compound offers a unique chance to create a transformative project within a thriving, high-end neighborhood. Its strategic location benefits from the ongoing development of billion-dollar projects nearby, ensuring strong future growth potential. The property's walkability score is excellent, with high-end retail, dining, and shopping options within easy reach. This $15,500,000 investment offers a compelling opportunity for high returns in a prestigious and rapidly developing area. The versatile layout and features make it suitable for a wide range of businesses and activities, providing a flagship showcase opportunity for discerning investors.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1921
Construction
CONCRETE
Total area
11,056 SF
Lot
0.24 ac (10,434 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-022-0170
UPID
US18-8882845
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
-
Party Supply Store Rental Equipment Company
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
$1.17M
Owner & transaction history
since 2023
2 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Top alternative use upside
Retail stores
$1.5M
+18.9%
Restaurant
$1.5M
+16.7%
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.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.17M
Value range
$1.05M – $1.29M
±10% around blend
Estimated value / SF
$106 / SF
Confidence
Property data
100
Comparable evidence
60
$1.05M
blend $1.17M
$1.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,056 SF
Lot area
0.24 ac
Year built
1921
Stories
2
APN
01-3124-022-0170
Zoning
6110:COMM/RES-DESIGN DIST
Assessed value
$5,100,000
Annual tax
$66,411
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
$1.17M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+19%
vs current-use indication
Restaurant
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
from $99/month
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$5.10M
Move the market yield to see immediate price impact.
Value / SF
$461
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%
$321k
$6.43M
$4.59M
$3.57M
$357k
$7.14M
$5.10M
$3.97M
$393k
$7.85M
$5.61M
$4.36M
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
$66,411
Tax year 2023
Assessed value
$5,100,000
Assessed 2023
Previous assessed
$5,100,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,651,900
Assessed improvement
$1,448,100
Land market value
$3,651,900
Improvement market value
$1,448,100
Total market value
$5,100,000
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 Lease
Year built
1921
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,056 SF
Lot
0.24 ac (10,434 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-022-0170
UPID
US18-8882845
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FLZoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · 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
1921
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6110:COMM/RES-DESIGN DIST
Jurisdiction
Miami, FL
Recorded code
6110:COMM/RES-DESIGN DIST
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6110:COMM/RES-DESIGN DIST 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.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 30 · 300 reports per month.
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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