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    Miami Warehouse with Cold Storage Title is generated by Realmo AI

    1217 NW 21st Street, Miami, FL 33142

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    For Lease
    $25,000 SF/Yr $17,377,083/Mo (calc)

    Industrial - Miami, FL

    Type:Industrial
    Property size:
    8,341 SF
    Lot size:
    8.30 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    49
    Last Refresh:
    May 14 at 5:06 am

    Property Features for 1217 NW 21st Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Standard status
    Active
    Size
    8,341 SF
    Lot size
    8.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Suarez

    Listing agent Joseph Suarez License #3366522

    Listing office Trustpoint Realty, LLC. 15207 NW 60th Ave, Miami Lakes, FL

    Listing date Mar 27, 2026

    MLS# A11986545 Listing URL

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

    HighLights

    • 8,341 SF warehouse featuring a mix of cold storage, warehouse, and office space.
    • Benefit from 5,400 SF of refrigerated (cold) storage space.
    • Clear heights approaching 23 feet.
    • Prime industrial location in Miami's Produce District with immediate access to I‑95, SR‑836, and the Port of Miami.
    • One dock‑high loading bay and efficient truck circulation.
    • Two private offices (±150 SF downstairs and ±800 SF upstairs).

    Overview

    Located in Miami's Produce District, this 8,341 SF warehouse offers a mix of cold storage, warehouse, and office functionality. Approximately 5,400 SF is refrigerated. There are two private offices, with approximately 150 SF downstairs and approximately 800 SF upstairs. The property features one dock-high loading bay, efficient truck circulation, and clear heights approaching 23 feet, which are slightly lower at cooler entrances. Its industrial location provides access to I-95, SR-836, and the Port of Miami, with proximity to Downtown, Brickell, and Miami International Airport. Surrounded by produce and distribution businesses, this facility offers functionality, visibility, and access in one of Miami-Dade’s active industrial submarkets. The lot size is 8.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nickey Gregory Co ... Food Market Ecoproduce Grocery & Convenience Store Fresh time Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Austral Marina — 2190 NW N River Dr, Miami, FL 33125
    • CubeSmart Self Storage — 2545 NW 20th St, Miami, FL 33142
    • Premier Car Storage — 1851 Delaware Pkwy, Miami, FL 33125
    • A+ Storage — 1851 Delaware Pkwy, Miami, FL 33125
    • Hurricane Cove Marina & Boatyard — 1884 NW N River Dr, Miami, FL 33125

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.215328
    Latitude
    25.795989

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    FAQs

    What type of property is this?
    Warehouse - 8,341 SF warehouse with cold storage and office space.
    Where is this warehouse located?
    The property is located at 1217 NW 21st Street Miami, FL.
    What is the lease rate?
    The lease rate is $25,000.
    What are key features of this property?
    This property features: 8,341 SF warehouse featuring a mix of cold storage, warehouse, and office space.; Benefit from **5,400 SF of refrigerated (cold) storage space.**; **Clear heights approaching 23 feet.**
    (305) 200-0348
    We can help!
    Listing Contact
    Joseph Suarez
    Real Estate License ID: 3366522
    Learn More
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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
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