Creative Studio with
For Sale
Contact for pricing
209-164 Nw 20th St, Miami, FL 33127
An open loft layout includes a kitchenette, full bathroom, and one dedicated parking space.
Property Size695 SF
Price / SF$2.95
Days on Market258
Property Features for 209-164 Nw 20th St
General Information
Standard status
Active
Size
695 SF
Total Parking Spaces
1
Elevators
No
Site & Location
Neighborhood
Rainbow Village
Additional Details
Floor
Second Floor
Listing Agency:
MDS Real Estate Services, LLC
Listed By:
Marcelo daSilva · License #3153208
(954) 907-3192
Source:
Exprealty
Added: Feb 7
Changed: Oct 19
Last Checked: Oct 23 at 8:49AM
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 MDS Real Estate Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 695 SF creative studio has an open loft-style floor plan with natural light, a kitchenette, and a full bathroom. A 600 m² mural by Zepha1 is a prominent feature of the space. The studio is on the second floor and accessed by stairs; there is no elevator. One dedicated parking space is included.
Located in Wynwood, the property is suited to creative work such as photography, video production, rehearsals, and workshops. Utilities are covered in the rental rate, while internet is excluded.
Located in Wynwood, the property is suited to creative work such as photography, video production, rehearsals, and workshops. Utilities are covered in the rental rate, while internet is excluded.
Key Highlights
- 695 SF open loft‑style studio with natural light
- 600 m² mural by artist Zepha1
- Second‑floor space with stair access; no elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,938
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,760
$398.8K
Cap Rate 7%
$284,829
$284.8K
Cap Rate 9%
$221,533
$221.5K
Market Conditions
NOI Build-Up for 695 SF
Gross rent
$31.3K $45.00/SF
− Vacancy
−$4.7K −$6.75/SF
EGI
$26.6K $38.25/SF
− OpEx
−$6.6K −$9.56/SF
NOI
$19.9K $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%
$398,760
Cap Rate 7%
$284,829
Cap Rate 9%
$221,533
Alternative Uses
Best Use
Office B
$284.8K
$249.2K – $332.3K
NOI $19,938 @ 7.0% cap · market cap 972.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.1K
$410.5K – $547.3K
NOI $32,839 @ 7.0% cap · market cap 1,601.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,424
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
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Creative space - An open loft layout includes a kitchenette, full bathroom, and one dedicated parking space.
Where is this creative space located?
The property is located at 209-164 Nw 20th St Miami, FL.
What are key features of this property?
This property features: 695 SF open loft‑style studio with natural light; 600 m² mural by artist Zepha1; Second‑floor space with stair access; no elevator
