Flex Space with Two-Story
10900 NW 21st Street #100, Sweetwater, FL 33172
For Sale
Contact for pricing
The condominium pairs warehouse capacity with office accommodation and access to several regional expressways.
Property Size66,526 SF
Price / SF$0.12
Days on Market18
Property Features for 10900 NW 21st Street #100
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Smith Commercial Real Estate Group, LLC
(305) 359-6119
Listed By:
Angela L Prada · License #3069174
(305) 215-4500
Source:
Lehmannflorida
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 7:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2006 flex condominium offers approximately 4,000 square feet, including 1,600 square feet of office space arranged across two levels. Warehouse features include 24-foot clear height, a double-loading door, and one dock-high position. The property also has two restrooms and six assigned parking spaces, divided between the front and rear of the building.
At 10900 NW 21st Street in Sweetwater, the property connects to SR-826, Florida’s Turnpike, and SR-836. Miami International Airport is approximately 6.0 miles away. The surrounding industrial area includes logistics, distribution, freight forwarding, wholesale, and import/export businesses.
At 10900 NW 21st Street in Sweetwater, the property connects to SR-826, Florida’s Turnpike, and SR-836. Miami International Airport is approximately 6.0 miles away. The surrounding industrial area includes logistics, distribution, freight forwarding, wholesale, and import/export businesses.
Key Highlights
- Approximately 4,000 SF, including 1,600 SF of two‑level office space
- 24’ clear ceiling height
- One double‑loading door and one dock‑high position
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$701,219
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,024,380
$14.0M
Cap Rate 7%
$10,017,414
$10.0M
Cap Rate 9%
$7,791,322
$7.8M
Market Conditions
NOI Build-Up for 66,526 SF
Gross rent
$1.14M $17.16/SF
− Vacancy
−$62.8K −$0.94/SF
EGI
$1.08M $16.22/SF
− OpEx
−$377.6K −$5.68/SF
NOI
$701.2K $10.54/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,024,380
Cap Rate 7%
$10,017,414
Cap Rate 9%
$7,791,322
Alternative Uses
Best Use
Warehouse
$12.48M
$10.92M – $14.56M
NOI $873,612 @ 7.0% cap · market cap 10,920.15%
Second Best
Industrial
$10.26M
$8.98M – $11.97M
NOI $718,193 @ 7.0% cap · market cap 8,977.41%
Theoretical Best
Office A
$36.33M
$31.79M – $42.38M
NOI $2,542,975 @ 7.0% cap · market cap 31,787.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Similar Off Market Nearby
- Healthy Gourmet Lunch — 1750 NW 107th Ave, Miami, FL 33172
- Bistro Team Catering — 1825 NW 112th Ave #151, Miami, FL 33172
- CSS — 2200 NW 102nd Pl, Doral, FL 33172
- Relish Miami — 2855 NW 112th Ave #7, Doral, FL 33172
Frequently Asked Questions
What type of property is this?
Flex space - The condominium pairs warehouse capacity with office accommodation and access to several regional expressways.
Where is this flex space located?
The property is located at 10900 NW 21st Street #100 Sweetwater, FL.
What are key features of this property?
This property features: Approximately 4,000 SF, including 1,600 SF of two‑level office space; 24’ clear ceiling height; One double‑loading door and one dock‑high position
