Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2210 1St Ct Miami, FL 33127

    • Commercial land
    • 0.12 lot acres
    For Sale
    View listing
    $8,400,000
    Last Sale
    Dec 19, 2022
    $62,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3178649
    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

    • Commercial land

    Property Details for 2210 1St Ct

    Lot size
    0.12 lot acres
    Zone code
    6101
    Property type
    Commercial land
    APN
    01-3125-050-0060
    APU
    131250500060

    Description

    This exceptional 16,430-square-foot commercial land parcel presents a remarkable infill development opportunity in Miami's vibrant Wynwood neighborhood. Located at 2210 NW 1st Ct, Miami, FL 33127, this property is zoned Wynwood NRD T5-O, allowing for a variety of high-density development options. Currently operating as a parking lot, the site is ideally suited for mixed-use construction, potentially including multi-family residential units (57-85 units with bonus, or up to 94 units with the Live Local Act), or a hotel (113-170 keys). The existing parking stackers must remain accessible. The site benefits from its strategic location directly adjacent to the Wynhouse, a 308-unit project slated for completion in Q1 2025, and just two blocks east of NW 2nd Avenue, a major Wynwood thoroughfare with 8,000 vehicles per day. This location places the property within a dynamic area experiencing significant growth, with 28 ongoing development projects totaling over 3,200 residential units, nearly 200 hotel rooms, and substantial office and retail space. The Live Local Act presents an opportunity for increased density and the development of affordable housing, further enhancing the property's potential. This is a rare chance to acquire a prime development site in one of Miami's most sought-after neighborhoods. The asking price is $8,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.198
    Latitude
    25.7983
    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
    $33,533
    $1,590,000
    $0.00
    $1,590,000
    -
    $1,590,000
    $0.00
    $1,590,000

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      798 25th St

      VACANT COMMERCIAL LAND • 0.04 Acres
      798 25th St, Miami, FL 33127-4024
      View Details
    • Value Estimation by Request
      0.18 Acres

      96 54th St

      VACANT COMMERCIAL LAND • 0.18 Acres
      96 54th St, Miami, FL 33127-1714
      View Details
    • Value Estimation by Request
      0.30 Acres

      5303 5th Ave

      VACANT COMMERCIAL LAND • 0.30 Acres
      5303 5th Ave, Miami, FL 33127-1913
      View Details
    • Value Estimation by Request
      0.12 Acres

      420 37th St

      VACANT COMMERCIAL LAND • 0.12 Acres
      420 37th St, Miami, FL 33127-3142
      View Details
    • Value Estimation by Request
      0.11 Acres

      21 39th St

      VACANT COMMERCIAL LAND • 0.11 Acres
      21 39th St, Miami, FL 33127-2909
      View Details
    • Value Estimation by Request
      0.17 Acres

      188 44th St

      VACANT COMMERCIAL LAND • 0.17 Acres
      188 44th St, Miami, FL 33127-2614
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Developable Land on N Miami

      Vacant land available on N Miami Avenue.
      4444 N Miami Ave, Miami, FL 33127
      View Details
    • $3,890,000

      Wynwood Multifamily Development Opportunity

      Multifamily property in Wynwood with development potential.
      118 NW 24Th St, Miami, FL 33127
      View Details
    • $750,000

      Industrial Land For Sale

      Industrial land available for sale, no setback, 3000 sqft.
      21 NW 12Th Ave, Miami, FL 33127
      View Details
    • $1,900,000

      Wynwood Norte T5-O Assemblage

      Prime 6,874 SF assemblage in Miami's Wynwood Norte.
      3413 NW 6Th Ave, Miami, FL 33127
      View Details
    • $2,500,000

      Corner Lot in Miami

      Multi-use corner lot with easy highway access in Miami.
      5141 NW 2Nd Ave, Miami, FL 33127
      View Details
    • New
      $1,700,000
      1,987 SF

      Miami Triplex with Development Potential

      Rare income property near Wynwood with development opportunities.
      675 NW 34Th St, Miami, FL 33127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,483 SF

      Allapattah Industrial Warehouse

      Miami warehouse, 32,483 SF, 2.5 acres
      2055 7Th Ave, Miami, FL 33127
      View Details
    • $7 SF/Yr
      800 SF

      Allapattah Commercial Land Opportunity

      Prime Miami land, ideal for various uses.
      3121 7Th Ave, Miami, FL 33127
      View Details
    • $12 SF/Yr

      Land Available For Rent

      Land available for rent at 1027 NW 36th St, Miami, FL.
      1027 NW 36Th St, Miami, FL 33127
      View Details
    • $11 SF/Yr
      32,921 SF

      Wynwood Commercial Land Opportunity

      Prime Wynwood lot, 32,921 sq ft.
      282 36Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      4,845 SF

      Wynwood Retail Space - Miami, FL

      Prime Wynwood Retail Opportunity. Multiple Tenancy Available.
      2312 Miami Ave, Miami, FL 33127
      View Details
    • $16,572 /Mo
      1,774 SF

      Wynwood Flex Space: Miami Investment

      Prime Wynwood Flex Space, 1774 sq ft.
      136 26Th St, Miami, FL 33127
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2210 1St Ct
    Miami, FL 33127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.