Food Grade Warehouse For
1785 Northwest 21st Terrace Miami, FL 33142
1785 Northwest 21st Terrace, Miami, FL, 33142
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For Sale
Contact for pricing
4,500 SF food grade warehouse with 3-phase power.
Property Size4,500 SF
Price / SF$377.78
Days on Market66
Property Features for 1785 Northwest 21st Terrace
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Industrial
Listing Agency
CBI Real Estate
Listed by
Victor Jaramillo · License #FL BK3303126
Source
Crexi
Added: May 12 Checked: Jul 15 at 10:09 pm
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 CBI Real Estate
Investment Insights
Based on property information with market context.
This 4,500 square foot property is a food grade warehouse. It features 3-phase 400 amp electrical service, a grease trap, and twin-T construction.
Key Highlights
- Food Grade
- 3PH 400 Amps
- Features a Grease Trap
Local Financial Insights For Warehouse
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 | $90.7k | $20.16 |
| − Vacancy | −$4.4k | −$0.97 |
| EGI | $86.4k | $19.19 |
| − OpEx | −$13.0k | −$2.88 |
| NOI | $73.4k | $16.31 |
4,500 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,627 @ 7.0% cap · market cap 12.51%
Second Best
Warehouse
$1.05M
$917.6K – $1.22M
NOI $73,411 @ 7.0% cap · market cap 4.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bubba Rose Biscuit ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Austral Marina — 2190 NW N River Dr, Miami, FL 33125
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- A-Accessible | Near Perfect Storage Units — 2035 NW 20th St, Miami, FL 33142
- Hurricane Cove Marina & Boatyard — 1884 NW N River Dr, Miami, FL 33125
FAQs
What type of property is this?
Warehouse - 4,500 SF food grade warehouse with 3-phase power.
Where is this warehouse located?
The property is located at 1785 Northwest 21st Terrace Miami, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Food Grade; 3PH 400 Amps; Features a Grease Trap
