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333 NE 24th St - Gallery Art Condominiums 650 SF Office Condo Unit Offered at $460,149 CAD in Miami, FL 33137
Investment Highlights
- EDGEWATER LOCATION NEAR MIDTOWN AND WYNWOOD
- OPEN PLAN
- 4% Annual Rent Escalations Rent grows to $3,393/mo by Year 5
- 10' FROM DOWNTOWN MIAMI
- Fully Leased — Day-1 Cash Flow $2,900/month | $34,800 gross / Year 1
- 5-Year Lease Term Mar 1, 2026 through Feb 28, 2031
Executive Summary
Gallery Art Condominium, Unit #312 is a boutique commercial office condo situated on the third floor of the Gallery Art building at 333 NE 24th Street, Miami, FL 33137. The unit is delivered fully leased and income-producing, with a long-term tenant in place under a five-year Commercial Lease Agreement commencing March 1, 2026 and expiring February 28, 2031. The Gallery Art Condominium is a distinctive, design-forward mixed-use building located at the intersection of the Wynwood Arts District and the Edgewater neighborhood — two of Miami's most dynamic and rapidly appreciating urban submarkets. The building attracts creative professionals, tech firms, and boutique service businesses seeking a high-identity address in one of South Florida's most walkable, amenity-rich corridors. The unit is zoned exclusively for office use and includes one dedicated parking space as a limited common element. Its third-floor position provides privacy and separation from street-level activity, typical of premium office layouts within the building.
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 1 |
| Cap Rate | 6.40% | APN/Parcel ID | 01-3230-087-1870 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.40% |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 01-3230-087-1870 |
Sale Notes
Rare stabilized office condo investment in the heart of Miami's Wynwood/Edgewater corridor. Unit #312 at Gallery Art Condominium offers investors a turn-key, income-producing asset with zero lease-up risk — the property is fully leased to an established office tenant at $2,900/month with a 5-year term commencing March 1, 2026 and expiring February 28, 2031.
The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.
Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.
Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.
The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.
Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.
Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 312 | 650 SF | Office | $460,149 CAD ($707.92 CAD/SF) | $29,441.15 CAD |
Unit 312
| Unit Size |
| 650 SF |
| Condo Use |
| Office |
| Price |
| $460,149 CAD ($707.92 CAD/SF) |
| NOI |
| $29,441.15 CAD |
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Unit 312
| Unit Size | 650 SF |
| Condo Use | Office |
| Price | $460,149 CAD ($707.92 CAD/SF) |
| NOI | $29,441.15 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.40% |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 01-3230-087-1870 |
| Sale Notes | |
| Rare stabilized office condo investment in the heart of Miami's Wynwood/Edgewater corridor. Unit #312 at Gallery Art Condominium offers investors a turn-key, income-producing asset with zero lease-up risk — the property is fully leased to an established office tenant at $2,900/month with a 5-year term commencing March 1, 2026 and expiring February 28, 2031.<br> The lease includes 4% annual rent escalations, growing gross rent from $34,800 in Year 1 to over $40,700 by Year 5. Year 1 Net Operating Income is approximately $21,115, representing a 6.4% cap rate on the listed price of $330,000. Operating expenses include a modest condo fee, property tax, and management fee — all currently stable and capped.<br> Strategically located at 333 NE 24th Street, the property sits at the intersection of Wynwood and Edgewater — two of Miami's most in-demand submarkets driven by tech companies, design firms, and creative agencies. The Gallery Art Condominium building offers a design-forward environment that consistently attracts quality, long-term tenants.<br> Following Florida's elimination of the Business Rent Tax (effective June 2024), 100% of rent collected is free of state sales tax — a meaningful structural advantage for cash flow. The unit includes one dedicated parking space and is zoned exclusively for office use. An exceptional opportunity for private investors, family offices, or 1031 exchange buyers seeking reliable, growing income in a supply-constrained Miami submarket.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Bus Line
- Security System
- Air Conditioning
- Balcony
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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333 NE 24th St - Gallery Art Condominiums
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