Wynwood Office
For Sale
Contact for pricing
150 NW 29th St # 160, Miami, FL 33127
The office space is in a Miami district with nearby retail, restaurants, galleries, and creative workplaces.
Property Size9,663 SF
Price / SF$0.00
Days on Market253
Property Features for 150 NW 29th St # 160
General Information
Standard status
Active
Size
9,663 SF
Property subtype
Office
Site & Location
Neighborhood
Wynwood Industrial District
Highway Access
Yes
Additional Details
Property Use
Office
Building Details
Building Size
9,663 SF
Year Built
1960
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Feb 16
Changed: Oct 27
Last Checked: Oct 27 at 3:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Emporio Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is at 150 NW 29th St in Miami. The building dates to 1960.
The property is in Wynwood, with retail businesses, restaurants, art galleries, and creative office spaces in the surrounding area. I-95 and I-195 provide access to major expressways across Miami-Dade County.
The property is in Wynwood, with retail businesses, restaurants, art galleries, and creative office spaces in the surrounding area. I-95 and I-195 provide access to major expressways across Miami-Dade County.
Key Highlights
- Located at 150 NW 29th St in Miami’s Wynwood district
- Building constructed in 1960
- Nearby retail, restaurants, art galleries, and creative office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,207
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,544,140
$5.5M
Cap Rate 7%
$3,960,100
$4.0M
Cap Rate 9%
$3,080,078
$3.1M
Market Conditions
NOI Build-Up for 9,663 SF
Gross rent
$434.8K $45.00/SF
− Vacancy
−$65.2K −$6.75/SF
EGI
$369.6K $38.25/SF
− OpEx
−$92.4K −$9.56/SF
NOI
$277.2K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,544,140
Cap Rate 7%
$3,960,100
Cap Rate 9%
$3,080,078
Alternative Uses
Best Use
Office B
$3.96M
$3.47M – $4.62M
NOI $277,207 @ 7.0% cap · market cap 577,514.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.52M
$5.71M – $7.61M
NOI $456,581 @ 7.0% cap · market cap 951,210.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The office space is in a Miami district with nearby retail, restaurants, galleries, and creative workplaces.
Where is this office unit located?
The property is located at 150 NW 29th St # 160 Miami, FL.
What are key features of this property?
This property features: Located at 150 NW 29th St in Miami’s Wynwood district; Building constructed in 1960; Nearby retail, restaurants, art galleries, and creative office spaces
