Two-Story Office Flex
100-10900 Nw 21st St, Sweetwater, FL 33172
For Sale
Contact for pricing
Industrial condominium with office space, loading access, assigned parking, and connections to three regional expressways.
Property Size4,000 SF
Price / SF$2.00
Days on Market16
Property Features for 100-10900 Nw 21st St
General Information
Standard status
Size
Total Parking Spaces
Warehouse & Industrial
Clear Height
Office Build-Out
Dock-High Doors
Additional Details
Highway Access
Property Use
Listing Agency:
Smith Commercial Real Estate Group, LLC
(305) 359-6119
Listed By:
Angela Prada · License #FL 3069174
(305) 215-4500
Source:
Exprealty
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 6 at 3:47PM
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 Smith Commercial Real Estate Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex condominium contains approximately 4,000 SF, including 1,600 SF of office space arranged across two stories. The warehouse area has 24’ clear ceiling height, one double-loading door, and one dock-high door. Two restrooms serve the space, with six assigned parking spaces split between the front and rear of the property.
The property is in Sweetwater, about 6.0 miles from Miami International Airport. Access is available to the Palmetto Expressway (SR-826), Florida’s Turnpike, and the Dolphin Expressway (SR-836).
The property is in Sweetwater, about 6.0 miles from Miami International Airport. Access is available to the Palmetto Expressway (SR-826), Florida’s Turnpike, and the Dolphin Expressway (SR-836).
Key Highlights
- Approximately 4,000 SF industrial condominium
- 1,600 SF of office space across two stories
- 24’ clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,183
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,660
$863.7K
Cap Rate 7%
$616,900
$616.9K
Cap Rate 9%
$479,811
$479.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$65.3K $16.32/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$61.7K $15.42/SF
− OpEx
−$18.5K −$4.63/SF
NOI
$43.2K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,660
Cap Rate 7%
$616,900
Cap Rate 9%
$479,811
Alternative Uses
Best Use
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,984 @ 7.0% cap · market cap 1,099.80%
Second Best
Warehouse
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 655.45%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,056 @ 7.0% cap · market cap 1,775.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,883
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33172, FL
43,911
Population
16,103
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
6,861
Density / Sq Mi
$61,733
Median Household Income
$35,061
Median Earnings
$1,926
Median Rent
$260,200
Median Home Value
Market
Average Price Trend$/SF for Flex space in Miami-Dade County, FL
Properties on Market for Flex space in Miami-Dade County
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with office space, loading access, assigned parking, and connections to three regional expressways.
Where is this flex space located?
The property is located at 100-10900 Nw 21st St Sweetwater, FL.
What are key features of this property?
This property features: Approximately 4,000 SF industrial condominium; 1,600 SF of office space across two stories; 24’ clear ceiling height
