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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2150 Miami Ct Miami, FL 33127

    • Warehouses
    • 14,162 SF
    • 0.54 lot acres
    For Lease
    View listing
    $75 SF/Yr
    Last Sale
    Apr 12, 2023
    Value Estimations
    $620,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5254360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Whittall & Shon / Hat Shop

    Property Details for 2150 Miami Ct

    Year built
    1951
    Construction
    CONCRETE
    Lot size
    0.54 lot acres
    Property size
    14,162 SF
    Zone code
    6101
    Property type
    Warehouses
    APN
    01-3125-048-0190
    APU
    131250480190

    Description

    Wyncatcher II, located at 2150 NW Miami Court in Miami-Dade County's Wynwood submarket, presents a unique 7,781 square foot restaurant opportunity within a brand-new Class A building (2025 construction). This single-tenant space is part of a larger 40,000 square foot complex, offering a distinctive blend of industrial heritage and modern amenities. The property boasts double corner exposure on the ground and second floors, maximizing visibility and natural light through expansive full-height white frame windows. High ceilings contribute to an open, collaborative atmosphere, ideal for creative culinary concepts. Beyond the interior space, the property includes a private garden, a rooftop area perfect for outdoor dining or events, and covered parking, accommodating large gatherings or corporate functions. This exceptional location in the vibrant Wynwood district provides unparalleled access to the area's thriving arts scene, diverse clientele, and high foot traffic. The property's design and features are tailored to create a memorable and engaging dining experience. This is a rare opportunity to establish a flagship restaurant in one of Miami's most sought-after neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1961
    Latitude
    25.7978
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $85,610
    $7,074,000
    $369,927
    $7,443,927
    -
    $7,074,000
    $369,927
    $7,443,927

    Comparable in this City

    • Value Estimation
      $485,000
      6,130 SF

      4151 2nd Ave

      WAREHOUSE, STORAGE • 6,130 SF
      4151 2nd Ave, Miami, FL 33127-2843
      View Details
    • Value Estimation
      $410,000
      20,091 SF

      576 28th St

      WAREHOUSE, STORAGE • 20,091 SF
      576 28th St, Miami, FL 33127-4138
      View Details
    • Value Estimation
      $425,000
      6,016 SF

      142 29th St

      WAREHOUSE, STORAGE • 6,016 SF
      142 29th St, Miami, FL 33127-3930
      View Details
    • Value Estimation
      $915,000
      48,532 SF

      6100 6th Ave

      WAREHOUSE, STORAGE • 48,532 SF
      6100 6th Ave, Miami, FL 33127-1104
      View Details
    • Value Estimation
      $335,000
      4,975 SF

      2324 5th Ave

      WAREHOUSE, STORAGE • 4,975 SF
      2324 5th Ave, Miami, FL 33127-4310
      View Details
    • Value Estimation
      $835,000
      47,263 SF

      550 24th St

      WAREHOUSE, STORAGE • 47,263 SF
      550 24th St, Miami, FL 33127-4328
      View Details

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      Allapattah Industrial/Cold-Storage Facility For Sale

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      Prime Miami Commercial Land Assemblage

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      Allapattah Warehouse with Large Yard

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    Similar Nearby for Lease

    • $0.19 SF/Yr
      3,000 SF

      Wynwood Warehouse: Creative Office Space

      Modern Wynwood warehouse; 3,000 sq ft, 4 parking spaces.
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    • $7,500 /Mo

      Wynwood Gallery/Showroom Space Available

      Gallery/showroom with warehouse in vibrant Wynwood neighborhood.
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      View Details
    • Contact for pricing
      32,483 SF

      Allapattah Industrial Warehouse

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    • $30 SF/Yr
      4,500 SF

      Little River Showroom/Flex Warehouse Space

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    • $34 SF/Yr
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      Wynwood Warehouse: Prime Miami Location

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      View Details
    • $12,500 /Mo

      Wynwood Industrial Space For Lease

      Industrial space in Wynwood, suitable for showroom and warehouse.
      667 NW 29Th St, Miami, FL 33127
      View Details
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    2150 Miami Ct
    Miami, FL 33127
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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