Wynwood Retail and Restaurant
250 Nw 24th St Miami, FL 33127
For Sale
Contact for pricing
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 Market42
Property Features for 250 Nw 24th St
General Information
Standard status
Active
Size
3,523 SF
Property subtype
RETAIL
Listing Agency:
DWNTWN Realty Advisors
(305) 647-0999
Listed By:
Devlin Marinoff · License #3401802
(305) 909-7343
Source:
Moodyscre
Added: Jun 19
Changed: Jul 29
Last Checked: Jul 29 at 4:53AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.3k | $63.96 |
| − Vacancy | −$3.4k | −$0.96 |
| EGI | $222.0k | $63.00 |
| − OpEx | −$55.5k | −$15.75 |
| NOI | $166.5k | $47.25 |
3,523 SF · lease $63.96/SF/yr · vacancy 1.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
