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Property profile & analytics
FOR SALE
Commercial land

2210 NW 1St Ct Miami, FL 33127

0.12 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-3178649
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.12 ac (5,300 SF)
Zoning code 6101
APN 01-3125-050-0060
UPID US18-3178649
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$59.91M
Owner & transaction history
24th Street Wynwood Tower LLC · 3 yrs held
24th Street Wynwood Tower LLC
since 2022
Last sale
$62.0M
7 recorded transactions
2022
$62.0M
2021
Price N/A
2021
$1.0M
2018
Price N/A
2018
Price N/A
2016
$17.0M
2016
Price N/A
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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