Wynwood Repositioning
61 NW 25th St Miami, FL 33127
61 NW 25th St, Miami, FL, 33127
$4,950,000
For Sale
$4,950,000
Freestanding industrial building in Wynwood's thriving commercial corridor.
Property Size5,734 SF
Lot Size0.24 Acres
Price / SF$863.27
Days on Market110
Property Features for 61 NW 25th St
General Information
- Standard status
- Active
- Size
- 5,734 SF
- Lot size
- 0.24 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1974
Listing agency
Marcus & Millichap - Miami
(786) 522-7009
Listed by
Scott C. Sandelin · License #License(s): FL: SL636794
(786) 522-7009
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:03AM
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 Marcus & Millichap - Miami
Investment Insights
Based on property information with market context.
This property presents a repositioning opportunity, featuring an existing approximately 5,734-square-foot freestanding industrial building situated on a 10,600-square-foot gated lot. The structure is in sound condition and includes a durable twin-tee concrete roof and approximately 12-foot clear ceiling heights. The building’s recertification was completed in 2025. The asset is located on NW 25th Street between North Miami Avenue and NW 2nd Avenue, in the heart of Wynwood’s creative and commercial corridor. This location offers access to Wynwood’s mix of restaurants, galleries, retail, and entertainment venues and connectivity to surrounding neighborhoods such as Midtown, the Design District, and Downtown Miami. Over 900 residential units have been developed along NW 25th Street within the past five years, while more than 2,000 units have been delivered across Wynwood and an additional 2,500 units are currently under construction. The property is zoned T5-O, allowing for a range of uses including retail, office, hospitality, and residential, with base heights of approximately five to eight stories and densities of roughly 36 units per acre. Developers have the opportunity to increase height and density in exchange for community contributions.
Key Highlights
- Prime Wynwood location in a thriving commercial and creative corridor.
- T5‑O zoning allows for flexible redevelopment options.
- Existing ±5,734‑square‑foot industrial building suitable for adaptive reuse.
Local Financial Insights For 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 | $297.9k | $51.96 |
| − Vacancy | −$30.7k | −$5.35 |
| EGI | $267.3k | $46.61 |
| − OpEx | −$80.2k | −$13.98 |
| NOI | $187.1k | $32.63 |
5,734 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $187,076 @ 7.0% cap · market cap 3.78%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,083 @ 7.0% cap · market cap 1.70%
Theoretical Best
Specialty Retail
$3.87M
$3.39M – $4.52M
NOI $270,934 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Fig & Brie — 1900 N Bayshore Dr, Miami, FL 33132
- GROAK CATERING — 1900 NE Miami Ct, Miami, FL 33132
- The Lobsta Guy — 1750 N Bayshore Dr, Miami, FL 33132
- Cafe Los Gauchitos II — 1717 N Bayshore Dr # 111, Miami, FL 33132
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
FAQs
What type of property is this?
Flex space - Freestanding industrial building in Wynwood's thriving commercial corridor.
Where is this flex space located?
The property is located at 61 NW 25th St Miami, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime Wynwood location in a thriving commercial and creative corridor.; T5‑O zoning allows for flexible redevelopment options.; Existing ±5,734‑square‑foot industrial building suitable for adaptive reuse.
