Warehouse with Outside
For Sale
Contact for pricing
7051 SW 21st Pl, Davie, FL 33317
The property includes warehouse space, outside storage, and access to major regional routes.
Property Size10,886 SF
Price / SF$445.53
Days on Market519
Property Features for 7051 SW 21st Pl
General Information
Standard status
Active
Size
10,886 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
Berger Commercial Realty Corp - Fort Lauderdale
(954) 652-2048
Listed By:
Joseph P. Byrnes · License #BK490013
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 31
Last Checked: Aug 13 at 9:31AM
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 Berger Commercial Realty Corp - Fort Lauderdale
Investment Insights
Based on property information with market context.
Located at 7051 SW 21st Pl in Davie, this 10,886-square-foot warehouse property includes outside storage. The asset offers a functional commercial setting for warehouse operations and related storage needs.
Regional access includes I-595, I-95, I-75, and Florida's Turnpike. The property also provides access to Port Everglades and Fort Lauderdale-Hollywood International Airport, connecting the site with major transportation and business hubs across the region.
Regional access includes I-595, I-95, I-75, and Florida's Turnpike. The property also provides access to Port Everglades and Fort Lauderdale-Hollywood International Airport, connecting the site with major transportation and business hubs across the region.
Key Highlights
- 10,886‑square‑foot warehouse property
- Includes outside storage
- Located in Davie, FL
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,889,500
$2.9M
Cap Rate 7%
$2,063,929
$2.1M
Cap Rate 9%
$1,605,278
$1.6M
Market Conditions
NOI Build-Up for 10,886 SF
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.
Gross rent
$175.0K $16.08/SF
− Vacancy
−$5.1K −$0.47/SF
EGI
$170.0K $15.61/SF
− OpEx
−$25.5K −$2.34/SF
NOI
$144.5K $13.27/SF
Area
Davie, FL
Vacancy
2.90%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,889,500
Cap Rate 7%
$2,063,929
Cap Rate 9%
$1,605,278
Alternative Uses
Best Use
Warehouse
$2.06M
$1.81M – $2.41M
NOI $144,475 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33317, FL
37,590
Population
13,625
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
3,916
Density / Sq Mi
$84,239
Median Household Income
$43,317
Median Earnings
$1,986
Median Rent
$449,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- ARTEX FINE ARTS SERVICES and STORAGE — 3350 S.W Davie Road |, #202, Davie, FL 33314
- Davie Commerce Center — 2031 SW 70th Ave, Davie, FL 33317
- Allied Van Lines — 2405 College Ave Unit #109-A, Davie, FL 33317
- Extra Space Storage — 6550 W State Rd 84, Davie, FL 33317
- Access Self Storage of Davie — 7000 SW 22nd Ct, Davie, FL 33317
Frequently Asked Questions
What type of property is this?
Warehouse - The property includes warehouse space, outside storage, and access to major regional routes.
Where is this warehouse located?
The property is located at 7051 SW 21st Pl Davie, FL.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 10,886‑square‑foot warehouse property; Includes outside storage; Located in Davie, FL
