Mixed-Use Property with
For Sale
Contact for pricing
50 NW 21st Road, Miami, FL 33129
A gated corner facility combines private offices, meeting space, inventory storage, and grade-level loading.
Property Size10,000 SF
Price / SF$0.00
Days on Market32
Property Features for 50 NW 21st Road
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
15
Property subtype
Mixed Use
Site & Location
Neighborhood
Brickell Residential District
Corner Location
Yes
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Amenities
gated
private offices
showroom area
conference/meeting room
warehouse and inventory storage space
grade-level roll-up door
Building Details
Year Built
1973
Buildings
1
Building Size
10,000 SF
Listing Agency:
Compass Florida, LLC
(305) 697-2904
Listed By:
Alexa E Martinez · License #3384536
(305) 305-3135
Source:
Wycliffecommunityrealty
Added: Oct 5
Changed: Nov 4
Last Checked: Nov 5 at 7:30PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Built in 1973, this 10,000-square-foot gated corner property brings together showroom and warehouse areas with private offices and a conference room. A grade-level roll-up door serves the storage area, and 15 on-site parking spaces are provided.
The property is directly across from Gymshark’s headquarters and has signage opportunities. Its Miami location offers access to Wynwood, Midtown, the Design District, and I-95.
The property is directly across from Gymshark’s headquarters and has signage opportunities. Its Miami location offers access to Wynwood, Midtown, the Design District, and I-95.
Key Highlights
- 10,000 SF building constructed in 1973
- Showroom, warehouse and inventory storage areas, private offices, and a conference room
- 15 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,135
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,262,700
$3.3M
Cap Rate 7%
$2,330,500
$2.3M
Cap Rate 9%
$1,812,611
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$201.6K $20.16/SF
− Vacancy
−$9.7K −$0.97/SF
EGI
$191.9K $19.19/SF
− OpEx
−$28.8K −$2.88/SF
NOI
$163.1K $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%
$3,262,700
Cap Rate 7%
$2,330,500
Cap Rate 9%
$1,812,611
Alternative Uses
Best Use
Retail
$4.66M
$4.08M – $5.44M
NOI $326,257 @ 7.0% cap · market cap 858,571.05%
Second Best
Mixed Use
$3.37M
$2.95M – $3.94M
NOI $236,250 @ 7.0% cap · market cap 621,710.53%
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,505 @ 7.0% cap · market cap 1,243,434.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,896
Businesses Nearby
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Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - A gated corner facility combines private offices, meeting space, inventory storage, and grade-level loading.
Where is this mixed-use property located?
The property is located at 50 NW 21st Road Miami, FL.
What are key features of this property?
This property features: 10,000 SF building constructed in 1973; Showroom, warehouse and inventory storage areas, private offices, and a conference room; 15 on‑site parking spaces
