Wynwood Retail and Restaurant
For Sale
Contact for pricing
250 NW 24th St, Miami, FL 33127
Fully occupied retail building with two F&B tenants and a weighted average lease term of 7.88 years.
Property Size3,523 SF
Price / SF$1,567
Days on Market237
Property Features for 250 NW 24th St
General Information
Standard status
Active
Size
3,523 SF
Property subtype
Retail
Zoning
T5-O
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$301,756
Site & Location
Neighborhood
Edgewater
Building Details
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
DWNTWN Realty Advisors
Listed By:
Tony Arellano · License #FL SL3132321
(786) 333-7199
Source:
Crexi
Added: Mar 6
Changed: Oct 25
Last Checked: Oct 28 at 8:18AM
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 DWNTWN Realty Advisors
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Investment Insights
Based on property information with market context.
This for-sale retail property is 100% occupied and leased to two food-and-beverage tenants. The portfolio has a 7.88-year weighted average lease term, with contractual base rent in place. For 2027, the NOI is listed at $303,656 in contractual base rent in place.
The property is described as being in the core Wynwood area, positioned within Miami’s arts district.
The offering is structured as a retail and restaurant-focused building with active tenancy and in-place base rent under the current leases.
The property is described as being in the core Wynwood area, positioned within Miami’s arts district.
The offering is structured as a retail and restaurant-focused building with active tenancy and in-place base rent under the current leases.
Key Highlights
- 100% occupied retail building with two F&B tenants
- 7.88‑year weighted average lease term
- 2027 NOI of $303,656 supported by contractual base rent in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,463
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,329,260
$3.3M
Cap Rate 7%
$2,378,043
$2.4M
Cap Rate 9%
$1,849,589
$1.8M
Market Conditions
NOI Build-Up for 3,523 SF
Gross rent
$225.3K $63.96/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$222.0K $63.00/SF
− OpEx
−$55.5K −$15.75/SF
NOI
$166.5K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,329,260
Cap Rate 7%
$2,378,043
Cap Rate 9%
$1,849,589
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,463 @ 7.0% cap · market cap 3.02%
Second Best
Retail
$1.64M
$1.44M – $1.92M
NOI $114,940 @ 7.0% cap · market cap 2.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
6,248
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied retail building with two F&B tenants and a weighted average lease term of 7.88 years.
Where is this retail space located?
The property is located at 250 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $5,521,000.
What are key features of this property?
This property features: 100% occupied retail building with two F&B tenants; 7.88‑year weighted average lease term; 2027 NOI of $303,656 supported by contractual base rent in place
