Corner Block Retail Space with
For Sale
Contact for pricing
721 NW 21st Ct, Miami, FL 33125
Two retail suites are available in a corner-block facility with 50 parking spaces near Downtown and Brickell.
Property Size111,284 SF
Price / SF$0.00
Days on Market98
Property Features for 721 NW 21st Ct
General Information
Standard status
Active
Size
111,284 SF
Total Parking Spaces
50
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$67,064
Building Details
Building Size
111,284 SF
Year Built
1948
Listing Agency:
North America Realty Advisors
Listed By:
Enrique Enriquez · License #0473986
(305) 229-2070
Source:
Batrare
Added: Jul 16
Changed: Oct 14
Last Checked: Oct 19 at 2:46PM
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 North America Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner-block retail property occupies the whole block and includes 50 parking spaces. Two retail spaces are currently available, approximately 1,250 and 750 square feet. The facility is configured for a retail tenant seeking direct presence within a larger corner-block setup.
The property is located in Little Havana directly on NW 7th Street between 21 Ave and 21 Ct. It sits just west of the Downtown Business District and the Brickell financial district, with Jackson Memorial Hospital and the University of Miami nearby. The New Marlins Baseball Stadium is also located in the area.
The spaces are available for sale, and the property is described as easy to show. Please contact the listing agent for details and scheduling.
The property is located in Little Havana directly on NW 7th Street between 21 Ave and 21 Ct. It sits just west of the Downtown Business District and the Brickell financial district, with Jackson Memorial Hospital and the University of Miami nearby. The New Marlins Baseball Stadium is also located in the area.
The spaces are available for sale, and the property is described as easy to show. Please contact the listing agent for details and scheduling.
Key Highlights
- Two retail suites available in a corner‑block facility (Year built 1948) in Little Havana
- Facility occupies the whole corner block with 50 parking spaces on site
- Suite sizes available: approx. 1,250 sq. ft. and 750 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,630,717
Suggested Prices Based on Cap Rates
Cap Rate 5%
$72,614,340
$72.6M
Cap Rate 7%
$51,867,386
$51.9M
Cap Rate 9%
$40,341,300
$40.3M
Market Conditions
NOI Build-Up for 111,284 SF
Gross rent
$5.78M $51.96/SF
− Vacancy
−$595.6K −$5.35/SF
EGI
$5.19M $46.61/SF
− OpEx
−$1.56M −$13.98/SF
NOI
$3.63M $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$72,614,340
Cap Rate 7%
$51,867,386
Cap Rate 9%
$40,341,300
Alternative Uses
Best Use
Retail
$51.87M
$45.38M – $60.51M
NOI $3,630,717 @ 7.0% cap · market cap 12,966,846.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$75.12M
$65.73M – $87.64M
NOI $5,258,219 @ 7.0% cap · market cap 18,779,353.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,631
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Zen Floral Design — 2248 SW 1st St, Miami, FL 33135
- Minudi Flowers — 2485 W Flagler St Suite 8, Miami, FL 33135
- Lety Botanica — NW 25th Ave, Miami, FL 33125
- Rhynardys Flowers — 2010 W Flagler St, Miami, FL 33135
- Unique Flowers And Wedding — 1714 W Flagler St, Miami, FL 33135
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail suites are available in a corner-block facility with 50 parking spaces near Downtown and Brickell.
Where is this storefront property located?
The property is located at 721 NW 21st Ct Miami, FL.
What are key features of this property?
This property features: Two retail suites available in a corner‑block facility (Year built 1948) in Little Havana; Facility occupies the whole corner block with 50 parking spaces on site; Suite sizes available: approx. 1,250 sq. ft. and 750 sq. ft.
