Commercial Kitchen
For Sale
$1,750,000
1785 NW 21st Ter, Miami, FL 33142
Fully permitted food-production facility with hood systems, grease trap, and walk-in freezer.
Property Size4,500 SF
Days on Market99
Property Features for 1785 NW 21st Ter
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Industrial
Site & Location
Neighborhood
Shenandoah South
Additional Details
Cold Storage
Yes
Building Details
Building Size
4,500 SF
Year Built
1973
Construction
Twin-T concrete
Listing Agency:
STL Advisors, LLC
Listed By:
Alexandros Tsoulfas · License #3444839
(305) 972-7217
Source:
Marcelosteinmander
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 3 at 10:46AM
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 STL Advisors, LLC
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Investment Insights
Based on property information with market context.
This 1973 warehouse is fully permitted and built out for commercial kitchen use. The facility includes a grease trap, two hood systems measuring 14 and 22 feet, and a walk-in freezer. Twin-T concrete construction and a recently completed 50-year recertification add to the property’s documented physical profile.
The property is in Allapattah, Miami, with proximity to Wynwood and the Downtown Core. The surrounding area is supported by walkable and transit-accessible conditions, with a walk score of 78, bike score of 59, and transit score of 57. The configuration is suited to commercial food users requiring dedicated kitchen infrastructure and cold storage.
The property is in Allapattah, Miami, with proximity to Wynwood and the Downtown Core. The surrounding area is supported by walkable and transit-accessible conditions, with a walk score of 78, bike score of 59, and transit score of 57. The configuration is suited to commercial food users requiring dedicated kitchen infrastructure and cold storage.
Key Highlights
- Fully permitted and built out for commercial kitchen use
- Two hood systems measuring 14 and 22 feet
- Includes a grease trap and walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,411
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,220
$1.5M
Cap Rate 7%
$1,048,729
$1.0M
Cap Rate 9%
$815,678
$815.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$90.7K $20.16/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$86.4K $19.19/SF
− OpEx
−$13.0K −$2.88/SF
NOI
$73.4K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,220
Cap Rate 7%
$1,048,729
Cap Rate 9%
$815,678
Alternative Uses
Best Use
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,627 @ 7.0% cap · market cap 12.15%
Second Best
Warehouse
$1.05M
$917.6K – $1.22M
NOI $73,411 @ 7.0% cap · market cap 4.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Fully permitted food-production facility with hood systems, grease trap, and walk-in freezer.
Where is this commercial kitchen located?
The property is located at 1785 NW 21st Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully permitted and built out for commercial kitchen use; Two hood systems measuring 14 and 22 feet; Includes a grease trap and walk‑in freezer
