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    The Largest CRE Database in the US with Over 1 Million Listings

    21571 SW 110Th Ave Miami, FL 33189

    Sponsored
    For Sale
    $1,500,000

    Special Purpose - Miami, FL

    Property size:
    6,800 SF
    Lot size:
    0.97 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 25 at 8:06 am

    Property Features for 21571 SW 110Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    0100
    APN
    30-60-07-001-0220
    Size
    6,800 SF
    Lot size
    0.97 Acres

    Building Details

    Building materials
    Block
    Roof type
    Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Mionsha Gay

    South Florida Real Estate Group (786) 303-4144

    Listing agent Mionsha Gay (786) 303-4144 License #3301111

    Listing date Jan 23, 2026

    MLS# A11951388 Listing URL

    Copyright © 2026 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Development Opportunity in Miami, FL

    This property presents a development opportunity in South Dade, featuring an under-constructed structure of approximately 6,800 square feet on a combined 42,300 square foot corner lot in Goulds. The property is composed of four folios joined by a Unity of Title, which allows for redevelopment or adaptive reuse. The unfinished place of worship requires completion and the issuance of a Certificate of Use. After obtaining the Certificate of Use, redevelopment under Florida's Live Local Act may be pursued, subject to county approval, potentially allowing for a 200-unit multifamily development with affordable housing incentives. Faith-based organizations can complete the structure for worship purposes and potentially expand into a school or faith-based affordable housing campus. Alternatively, a buyer may seek a Unity of Title release and develop single-family homes, as the property is zoned RU-1. Located at the corner of SW 216 St and SW 110 Ave, the site benefits from visibility, traffic exposure, and proximity to the new South Dade Transit Busway, which is 3 minutes away. The property is also 4 minutes from the $1.5 billion Southplace City Center redevelopment at Southland Mall. This property is suited for developers, religious organizations, educational institutions, or investors seeking long-term growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.369982
    Latitude
    25.565815

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    FAQs

    What type of property is this?
    Church & religious facility - Under-constructed structure on a corner lot, ideal for redevelopment.
    Where is this church & religious facility located?
    The property is located at 21571 SW 110Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime development opportunity on a large 42,300 SF corner lot with high visibility and traffic exposure.; - Potential for significant redevelopment under Florida's Live Local Act (SB 1730), possibly allowing for a 200-unit multifamily development.; - Includes four folios joined by a Unity of Title, offering flexibility for various development options.
    (786) 303-4144
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    21571 SW 110Th Ave Miami, FL 33189
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    Miami, FL 33189
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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.

    More about this property
    21571 SW 110Th Ave Miami, FL 33189
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    We can help!
    Listing Contact
    Mionsha Gay
    Real Estate License ID: 3301111
    (786) 303-4144
    Learn more
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