Flex Space with Covered Industrial
550 NW 29th St, Miami, FL 33127
For Sale
Contact for pricing
The covered area supports office and production-oriented use within Miami’s Wynwood district.
Property Size7,000 SF
Price / SF$0.01
Days on Market254
Property Features for 550 NW 29th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Warehouse Space
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Jordan Karp LLC
Listed By:
Jordan Karp · License FL #3303306
(305) 610-1688
Source:
Casacollectiongroup
Added: Mar 4
Changed: Nov 11
Last Checked: Nov 12 at 4:33PM
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 Jordan Karp LLC
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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 flex property at 550 NW 29th St includes 7,000 square feet of covered industrial space. The building dates to 1981, and the covered area offers space for office or production-related uses.
The property is in Wynwood, Miami, at 550 NW 29th St.
The property is in Wynwood, Miami, at 550 NW 29th St.
Key Highlights
- 7,000 square feet of covered industrial space
- Located at 550 NW 29th St in Miami’s Wynwood district
- Year built: 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,042
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,840
$1.9M
Cap Rate 7%
$1,343,457
$1.3M
Cap Rate 9%
$1,044,911
$1.0M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$141.1K $20.16/SF
− Vacancy
−$6.8K −$0.97/SF
EGI
$134.3K $19.19/SF
− OpEx
−$40.3K −$5.76/SF
NOI
$94.0K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,840
Cap Rate 7%
$1,343,457
Cap Rate 9%
$1,044,911
Alternative Uses
Best Use
Flex RnD
$1.47M
$1.28M – $1.71M
NOI $102,648 @ 7.0% cap
Second Best
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,042 @ 7.0% cap
Theoretical Best
Specialty Retail
$4.73M
$4.13M – $5.51M
NOI $330,753 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,003
Businesses Nearby
Well-served
Demand for This Use
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
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
- GROAK CATERING — 1900 NE Miami Ct, Miami, FL 33132
- Dadaillecatering — 428 NW 22nd St, Miami, FL 33127
- Constellation Culinary Group — 2151 NW 1st Ct, Miami, FL 33127
- Potions in Motion — 318 NW 23rd St, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Flex space - The covered area supports office and production-oriented use within Miami’s Wynwood district.
Where is this flex space located?
The property is located at 550 NW 29th St Miami, FL.
What are key features of this property?
This property features: 7,000 square feet of covered industrial space; Located at 550 NW 29th St in Miami’s Wynwood district; Year built: 1981
