Flex Industrial Building with
625 NW 121st St North Miami, FL 33168
For Sale
$2,850,000
LAND - North Miami, FL
Property Size6,020 SF
Lot Size0.16 Acres
Price / SF$473.42
Days on Market92
Property Features for 625 NW 121st St
General Information
Property type
Land
Property subtype
Other
Standard status
Active
APN
06-21-25-018-1190
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
25 52 41 ALHAMBRA HGTS PB 17-54 LOT 28 BLK 16 LOT SIZE 50.000 X 135 OR 21073-4096 0203 1 COC 24602-0972 06 2006 5
Tax Annual Amount
21506
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Silmar Realty
(786) 673-2880
Listed By:
Leor Fidler · License #3502040
(516) 580-2329
Added: Apr 30
Changed: Jun 30
Last Checked: Jul 30 at 1:06AM
MLS# A12010078
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
625 NW 121st St, North Miami, FL presents a flex industrial building designed with office space above and warehouse space below, supporting a range of industrial, showroom, and service-oriented uses. The property includes a +/-6,020 SF building on a +/-6,750 SF lot. A portion of the space is currently leased, while additional area remains available for lease or for immediate owner-user occupancy. The asset’s configuration provides a practical split between administrative space and functional warehouse space.
The property has direct frontage along I-95 and is described as being positioned for high exposure along one of South Florida’s heavily trafficked corridors. Public remarks state visibility to over 250,000 vehicles per day.
For tenants and buyers seeking a flex setup, this building offers in-place occupancy alongside remaining space that may be leased at $25.00 PSF NNN or used immediately by an owner-operator. The combination of street-level warehouse utility and second-floor office layout can fit companies that want on-site administration while maintaining dedicated warehouse functionality.
The property has direct frontage along I-95 and is described as being positioned for high exposure along one of South Florida’s heavily trafficked corridors. Public remarks state visibility to over 250,000 vehicles per day.
For tenants and buyers seeking a flex setup, this building offers in-place occupancy alongside remaining space that may be leased at $25.00 PSF NNN or used immediately by an owner-operator. The combination of street-level warehouse utility and second-floor office layout can fit companies that want on-site administration while maintaining dedicated warehouse functionality.
Key Highlights
- +/-6,020 SF flex/industrial building with direct I‑95 frontage and exposure to 250,000+ vehicles per day
- +/-6,750 SF lot size with I‑95 direct frontage
- +/-2,500 SF currently leased for in‑place income; +/-3,520 SF available for lease or owner‑user occupancy
Financial Insights For Flex RnD
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 | $216.7k | $36.00 |
| − Vacancy | −$13.0k | −$2.16 |
| EGI | $203.7k | $33.84 |
| − OpEx | −$71.3k | −$11.84 |
| NOI | $132.4k | $22.00 |
6,020 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.89M
$1.66M – $2.21M
NOI $132,416 @ 7.0% cap · market cap 4.65%
Second Best
Warehouse
$1.13M
$986.5K – $1.32M
NOI $78,916 @ 7.0% cap · market cap 2.77%
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
- BONGU KITCHEN — 765 NW 127th St, Miami, FL 33168
- Bar Chefs Houston — 1401 NW 119th St, North Miami, FL 33167
- Taste Good Miami — 12351 NW 7th Ave, North Miami, FL 33168
- Smoove Caribbean — 12351 NW 7th Ave, North Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office-over-warehouse flex building with I-95 frontage and space available for owner-user or lease.
Where is this flex space located?
The property is located at 625 NW 121st St 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 flex/industrial building with direct I‑95 frontage and exposure to 250,000+ vehicles per day; +/-6,750 SF lot size with I‑95 direct frontage; +/-2,500 SF currently leased for in‑place income; +/-3,520 SF available for lease or owner‑user occupancy
