Boutique Live-Work Office
250 NW 24th Street Unit 2B Miami, FL 33127
250 NW 24th Street Unit 2B, Miami, FL, 33127
$690,000
For Sale
$690,000
Boutique live-work unit with 10-foot ceilings, floor-to-ceiling windows, and an oversized private balcony.
Property Size720 SF
Price / SF$958.33
Days on Market48
Property Features for 250 NW 24th Street Unit 2B
General Information
- Standard status
- Active
- Size
- 720 SF
- Property subtype
- Office
Building Details
- Year Built
- 2015
Listing agency
Coldwell Banker Realty
(410) 980-7931
Listed by
Elaine Atkins · License #R11165434
(410) 980-7931
Source
Lehmannflorida
Added: Jun 5 Updated: Jul 22 at 6:55AM Checked: Jul 22 at 6:55AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
250 Wynwood is a boutique live-work building designed by New York City architect Laith Sayigh, with artwork selected by Miami gallerist Anthony Spinello. Unit 2B features 10-foot ceilings, expansive open living space, floor-to-ceiling windows, and an oversized private balcony.
The unit can be used for a range of commercial and creative applications, including office, loft, retail, gallery, or studio use. This flexible configuration is well suited to tenants looking for an open, light-filled interior with direct access to private outdoor space.
Please note the property is offered for sale. Unit size is listed as 720 (units as provided).
The unit can be used for a range of commercial and creative applications, including office, loft, retail, gallery, or studio use. This flexible configuration is well suited to tenants looking for an open, light-filled interior with direct access to private outdoor space.
Please note the property is offered for sale. Unit size is listed as 720 (units as provided).
Key Highlights
- 2015‑built boutique live‑work building unit in the Wynwood Arts District
- 10‑foot ceilings with open living space
- Floor‑to‑ceiling windows
Local Financial Insights For Office B
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 | $32.4k | $45.00 |
| − Vacancy | −$4.9k | −$6.75 |
| EGI | $27.5k | $38.25 |
| − OpEx | −$6.9k | −$9.56 |
| NOI | $20.7k | $28.69 |
720 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 2.99%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 2.47%
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Birra Bar ...
Restaurant
Namo Sanctuary
Alternative Medicine Practice
Delta Digital
Volunteer Organization
250 Wynwood
Condominium Complex
Cosmo Street Editorial
Video Editing Service
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Boutique live-work unit with 10-foot ceilings, floor-to-ceiling windows, and an oversized private balcony.
Where is this live-work space located?
The property is located at 250 NW 24th Street Unit 2B Miami, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2015‑built boutique live‑work building unit in the Wynwood Arts District; 10‑foot ceilings with open living space; Floor‑to‑ceiling windows
