Freestanding Warehouse with Clear
For Sale
$2,144,000
1835 NW 21st Terrace, Miami, FL 33142
Freestanding industrial space offers full air conditioning and D2 industrial zoning.
Property Size5,360 SF
Lot Size0.16 Acres
Price / SF$400
Days on Market92
Property Features for 1835 NW 21st Terrace
General Information
Standard status
Active
Size
5,360 SF
Lot size
0.16 Acres
Property subtype
Industrial
Zoning
D2 Industrial
Site & Location
Neighborhood
Shenandoah South
Warehouse & Industrial
Clear Height
18.5 ft
Conditioned Warehouse
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1969
Buildings
1
Building Size
5,360 SF
Listing Agency:
Central Commercial Real Estate
(786) 577-4974
Listed By:
Ari K Dispenza · License #3085357
(786) 556-8998
Source:
Lehmannflorida
Added: Aug 1
Changed: Oct 31
Last Checked: Oct 30 at 3:47PM
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 Central Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial building contains 5,360 SF on a 7,085 SF site and was built in 1969. The property features 18' 6" clear ceilings and full air conditioning, providing a functional base for warehouse and industrial operations. D2 industrial zoning supports its commercial-industrial positioning.
The building is located in Miami's Allapattah submarket, within the Allapattah Community Redevelopment Agency area. Santa Clara Metrorail Station is approximately 0.8 miles away, while Miami International Airport is approximately 5 miles from the property. The site also carries Qualified Opportunity Zone, SBA Qualified, and HUBZone designations.
The building is located in Miami's Allapattah submarket, within the Allapattah Community Redevelopment Agency area. Santa Clara Metrorail Station is approximately 0.8 miles away, while Miami International Airport is approximately 5 miles from the property. The site also carries Qualified Opportunity Zone, SBA Qualified, and HUBZone designations.
Key Highlights
- 5,360 SF freestanding industrial building on a 7,085 SF site
- 18' 6" clear ceilings
- Fully air‑conditioned industrial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,440
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,800
$1.7M
Cap Rate 7%
$1,249,143
$1.2M
Cap Rate 9%
$971,556
$971.6K
Market Conditions
NOI Build-Up for 5,360 SF
Gross rent
$108.1K $20.16/SF
− Vacancy
−$5.2K −$0.97/SF
EGI
$102.9K $19.19/SF
− OpEx
−$15.4K −$2.88/SF
NOI
$87.4K $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%
$1,748,800
Cap Rate 7%
$1,249,143
Cap Rate 9%
$971,556
Alternative Uses
Best Use
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,440 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.22M
NOI $253,262 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Balanced
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial space offers full air conditioning and D2 industrial zoning.
Where is this warehouse located?
The property is located at 1835 NW 21st Terrace Miami, FL.
What is the asking price?
The asking price for this property is $2,144,000.
What are key features of this property?
This property features: 5,360 SF freestanding industrial building on a 7,085 SF site; 18' 6" clear ceilings; Fully air‑conditioned industrial building
