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    Wynwood Repositioning Opportunity Title is generated by Realmo AI

    61 NW 25th St, Miami, FL 33127

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    Freestanding industrial building in Wynwood's thriving commercial corridor.

    Type:Vacant-User
    Property size:
    5,734 SF
    Lot size:
    0.24 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:55 am

    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

    We can help!

    Listing Contact
    Scott C. Sandelin

    Listing agent Scott C. Sandelin License #FL: SL636794

    Listing office Miami Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Miami Office

    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.
    • Significant residential growth in Wynwood driving demand.
    • Rare repositioning opportunity.
    • Building recertification completed in 2025.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.196175
    Latitude
    25.80104

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    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 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.
    (786) 522-7009
    We can help!
    Listing Contact
    Scott C. Sandelin
    Real Estate License ID: FL: SL636794
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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