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Property profile

31 33Rd St Miami, FL 33127

OFF-MARKET
Specialty properties
Property ID
US18-1541347
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique parcel of land in the vibrant Wynwood neighborhood of Miami-Dade County, ideally situated across from the shops of Midtown. The property is designated for single-tenant use exclusively as an auto parking lot, offering a straightforward and stable income stream. The available space is highly flexible, ranging from a minimum of 10 square feet to a maximum of 10,000 square feet, catering to a variety of parking needs. This makes it suitable for both smaller-scale operations seeking supplemental parking or larger businesses requiring extensive parking capacity for their clientele or employees. Given its prime location in a high-traffic area known for its thriving retail and commercial activity, this property offers significant potential for strong returns on investment. The property's sole permitted use is for automobile parking, eliminating any complexities associated with multiple tenants or diverse operational requirements. This straightforward use case simplifies management and minimizes operational overhead, making it an attractive proposition for investors seeking a low-maintenance, high-yield asset. The property's proximity to Midtown's retail core ensures consistent demand for parking spaces, further enhancing its investment appeal. This is a rare opportunity to acquire a strategically located parking lot in one of Miami's most dynamic and sought-after neighborhoods.

Property profile

Verified
Property type Specialty properties
UPID US18-1541347

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31 33Rd St Miami, FL 33127
Miami metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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