Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3125 NW 21St Ct, Unit 02 Miami, FL 33142

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,950 /Mo

    Renovated 1/1 multifamily unit in Allapattah, centrally located.

    Lot size:
    0.13 Acres

    Property Features for 3125 NW 21St Ct

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Raul Barrero
    Source: Elliman

    Listing Agent: Raul Barrero

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Allapattah Renovated Multifamily Unit

    This is a renovated 1/1 multifamily unit located in Allapattah. The property is centrally located and includes one assigned parking space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.230576
    Latitude
    25.805206

    Nearby Similar for Lease

    • New
      $6,500 /Mo

      Remodeled Warehouse Space Near Airport

      Remodeled warehouse with high ceilings, mezzanine, and modern amenities.
      13500 SW 134Th Ave, Miami, FL 33186
      View Details
    • New
      $2,500 /Mo

      Miami Office Space For Rent

      Well-maintained office space with modern amenities, ready for immediate occupancy.
      10769 SW 104Th St, Miami, FL 33176
      View Details
    • $3,150 /Mo

      Miami Warehouse/Flex Space For Lease

      Versatile warehouse/flex industrial unit in Miami's Airport West corridor.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • $2,000 /Mo

      Retail Space in Miami Mart

      Prime retail space in a vibrant Miami commercial hub.
      777 NW 72Nd Ave, Miami, FL 33126
      View Details
    • $1,400 /Mo

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront district available for lease.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $2,700 /Mo

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront Four Ambassadors building.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $3,200 /Mo

      Kendall Office Condo For Lease

      1,088 SF office condo in Kendall available for lease.
      13380 SW 128Th St, Miami, FL 33186
      View Details
    • $2,900 /Mo

      Kendall Office Space For Rent

      Professional office space in Kendall, 1,088 SF, ready for occupancy.
      13406 SW 128Th St, Miami, FL 33186
      View Details
    • $3,500 /Mo

      Calle Ocho Retail Space Available

      750 SF retail space on Calle Ocho for lease.
      3401 SW 8Th St, Miami, FL 33135
      View Details
    • $3,000 /Mo

      Calle Ocho Office Space Available

      3,400 SF office space in the heart of Miami.
      3465 SW 8Th St, Miami, FL 33135
      View Details
    • New
      $1,500 /Mo

      Modern Office Space in Brickell

      Elegant office space for rent in the heart of Brickell.
      175 SW 7Th St, Miami, FL 33130
      View Details
    • New
      $8,000 /Mo

      Versatile Commercial Space in Miami

      Adaptable space for manufacturing, storage, distribution, or office use.
      7025 NW 7Th Ave, Miami, FL 33150
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Renovated 1/1 multifamily unit in Allapattah, centrally located.
    Where is this multifamily property located?
    The property is located at 3125 NW 21St Ct, Unit 02 Miami, FL.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: - Renovated condition makes this multifamily unit move-in ready.; - Centrally located in Allapattah.; - Modern design throughout.
    (786) 357-9106
    Request Owner's contact information
    3125 NW 21St Ct, Unit 02 Miami, FL 33142
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3125 NW 21St Ct, Unit 02
    Miami, FL 33142
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3125 NW 21St Ct, Unit 02 Miami, FL 33142
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Raul Barrero
    Real Estate License ID: 3120802
    (786) 357-9106
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!