Flex Industrial Building with
625 NW 121st Street North Miami, FL 33168
For Sale
$2,850,000
Two-story office-over-warehouse with direct I-95 frontage and space available for immediate leasing or owner use.
Property Size6,020 SF
Lot Size0.16 Acres
Price / SF$473.42
Days on Market25
Property Features for 625 NW 121st Street
General Information
Standard status
Active
Size
6,020 SF
Lot size
0.16 Acres
Property subtype
Land
Listing Agency:
Silmar Realty
(516) 580-2329
Listed By:
Leor Fidler · License #3502040
(516) 580-2329
Source:
Laerrealty
Added: Jul 6
Changed: Jul 10
Last Checked: Jul 29 at 4:03AM
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 Silmar Realty
Investment Insights
Based on property information with market context.
625 NW 121st Street is a two-story flex/industrial facility configured with office space above and warehouse space below. The property includes a building of 6,020 square feet on a 6,750 square foot lot and is positioned for businesses needing both operational space and dedicated office functionality. Currently, 2,500 square feet is leased, and an additional 3,520 square feet remains available for lease or can support immediate owner-user occupancy.
The building offers direct frontage along I-95, providing high-visibility exposure to over 250,000 vehicles per day. That access profile can support showroom, service, and industrial uses that benefit from drivers passing the site.
With existing income from the leased portion and additional space available for lease or for an owner to occupy, the property can fit a range of tenants and buyers, including industrial operators seeking office support and businesses that want a flexible layout for showroom or service-oriented operations. The combination of office/warehouse separation and prominent corridor frontage is designed to support daily operations while maintaining a distinct work-and-client space relationship.
The building offers direct frontage along I-95, providing high-visibility exposure to over 250,000 vehicles per day. That access profile can support showroom, service, and industrial uses that benefit from drivers passing the site.
With existing income from the leased portion and additional space available for lease or for an owner to occupy, the property can fit a range of tenants and buyers, including industrial operators seeking office support and businesses that want a flexible layout for showroom or service-oriented operations. The combination of office/warehouse separation and prominent corridor frontage is designed to support daily operations while maintaining a distinct work-and-client space relationship.
Key Highlights
- 6,020 SF two‑story office‑over‑warehouse building with direct frontage along I‑95
- Frontage provides visibility to 250,000+ vehicles per day
- 6,750 SF lot with direct I‑95 access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $274.5k | $45.60 |
| − Vacancy | −$61.8k | −$10.26 |
| EGI | $212.7k | $35.34 |
| − OpEx | −$53.2k | −$8.84 |
| NOI | $159.6k | $26.51 |
6,020 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,560 @ 7.0% cap · market cap 5.60%
Second Best
Flex RnD
$1.89M
$1.66M – $2.21M
NOI $132,416 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,794 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Publix Catering at 127th Street Shopping Center — 12800 Biscayne Blvd, North Miami, FL 33181
- Your Personal Chef — 12955 Biscayne Blvd, North Miami, FL 33181
- Charcoal Cowboys — 12550 Biscayne Blvd, North Miami, FL 33181
- Lolitas Lollipops and Ice Cream Stand — 2150 Sans Souci Blvd, North Miami, FL 33181
- Uncle Stan's Crispy Eats — 2224 ne 123rd st, north miami, fl 33181
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office-over-warehouse with direct I-95 frontage and space available for immediate leasing or owner use.
Where is this flex space located?
The property is located at 625 NW 121st Street North Miami, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 6,020 SF two‑story office‑over‑warehouse building with direct frontage along I‑95; Frontage provides visibility to 250,000+ vehicles per day; 6,750 SF lot with direct I‑95 access
