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Property profile & analytics
FOR LEASE
Office buildings

215 NW 24Th St Miami, FL 33127

70,984 SF 0.2 ac lot Built 2020
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-3867475
Property summary
AI-generated overview

This exceptional 3,000 square foot office sublease opportunity is located on the 5th floor of The Annex, a flagship Class A creative office building in the heart of Wynwood, Miami-Dade County. The space is part of a larger 60,000 square foot, eight-story building offering multiple tenancy options. The Annex boasts a highly visible location within Wynwood's vibrant arts district, providing excellent exposure and accessibility. The building features 12-foot floor-to-ceiling heights, creating a spacious and modern work environment. Ample parking is available with a 322-car garage and valet parking services. Enjoy convenient access to a full-scale on-site gym and a shared rooftop common area, including an outdoor conference space, perfect for team gatherings or client meetings. This sublease provides a unique chance to establish a presence in a sought-after location, close to popular Wynwood destinations such as Panther Coffee, Zak the Baker, 1-800 Lucky, KYU, and Le Chick. The space is ideal for businesses seeking a bespoke office experience in a thriving and dynamic neighborhood. This is a rare opportunity to secure a highly desirable office space in one of Miami's most coveted areas.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2020
Construction CONCRETE
Total area 70,984 SF
Lot 0.2 ac (8,750 SF)
Zoning code 6101
APN 01-3125-034-0020
UPID US18-3867475
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Annex Business Service Center Corporate Office
  • Atomic Venture Capital Company
  • Parqueo wynwood Parking Lot & Garage
  • Solana Embassy Department Store
  • Livewell Design (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$33.42M
Comparable Approach Comparable
$29.15M
Blend (final) Blend
$41.57M
Owner & transaction history
Bat Wynwood LLC · 4 yrs held
Bat Wynwood LLC
since 2022
Last sale
$49.0M
7 recorded transactions
2022
$49.0M
2019
Price N/A
2017
Price N/A
2014
$10,000
2013
Price N/A
2012
$5.7M
2003
$3.3M
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $57.5M +18.7%
Restaurant $52.6M +8.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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