Turnkey Medical Center in Little
721 NW 21st Ct Miami, FL 33125
721 NW 21st Ct, Miami, FL, 33125
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For Sale
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Medical center/HMO in Little Havana with development potential.
Property Size11,284 SF
Price / SF$434.24
Days on Market626
Property Features for 721 NW 21st Ct
General Information
- Standard status
- Active
- Size
- 11,284 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing Agency
North America Realty Advisors
Listed by
Enrique Enriquez · License #0473986
Source
Crexi
Added: Nov 1, 2024 Checked: Jul 17 at 12:43 pm
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
Investment Insights
Based on property information with market context.
This property is a turnkey medical center facility, clinic, or HMO situated in Little Havana, directly on NW 7th Street from 21st Avenue to 21st Court. The facility occupies an entire corner block and includes 50 parking spaces. The location is suitable for investors interested in constructing a high-rise building, offering potential for future development. Located in the heart of Miami, the property is positioned just west of the Downtown Miami Business District and the Brickell financial district. Nearby are Jackson Memorial Hospital, the University of Miami Hospital, and the Miami Marlins stadium. The property size is 11284 square feet.
Key Highlights
- Prime location in Little Havana on NW 7th Street, occupying an entire corner block.
- High‑rise development potential for investors.
- Turn‑key medical facility suitable for a clinic or HMO.
Local Financial Insights For Healthcare Medical
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 | $338.5k | $30.00 |
| − Vacancy | −$27.1k | −$2.40 |
| EGI | $311.4k | $27.60 |
| − OpEx | −$124.6k | −$11.04 |
| NOI | $186.9k | $16.56 |
11,284 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.67M
$2.34M – $3.11M
NOI $186,863 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.66M – $8.89M
NOI $533,174 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vidamax Medical Center
Medical Clinic
Mega Health Center-East ...
Medical Clinic
FL Clinical Research ...
Medical Laboratory
Viro Medical Center
Medical Clinic
DeORLANDO INC
Hotel & Motel
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FAQs
What type of property is this?
Medical center - Medical center/HMO in Little Havana with development potential.
Where is this medical center located?
The property is located at 721 NW 21st Ct Miami, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime location in Little Havana on NW 7th Street, occupying an entire corner block.; High‑rise development potential for investors.; Turn‑key medical facility suitable for a clinic or HMO.
