Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    721 21St Ct Miami, FL 33125

    Sponsored
    For Sale
    $4,900,000

    Prime Little Havana Location, High Development Potential

    Property size:
    11,284 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional multifamily property, located at 721 NW 21st Ct in Miami, Florida, presents a compelling investment opportunity. Boasting 11,284 square feet, this property, built in 1948, is currently configured as a turnkey medical facility, suitable for use as a clinic or HMO. Its strategic location in the heart of Little Havana offers significant potential for future development, particularly given its ideal position on a corner lot, encompassing an entire city block. The property includes a substantial 50-space parking lot, a rare and valuable asset in this area. Its proximity to major medical facilities like Jackson Memorial Hospital and the University of Miami Hospital, along with the new Miami Marlins stadium and the vibrant Downtown Miami and Brickell financial districts, further enhances its appeal. The asking price is $4,900,000. This property is easily accessible for viewing. The substantial size and prime location make this an excellent opportunity for an investor seeking to capitalize on the burgeoning Miami real estate market, potentially through redevelopment into a high-rise structure. The property's current use as a medical facility provides immediate income potential while offering long-term development prospects. This is a rare chance to acquire a significant piece of Miami real estate in a rapidly growing area. The zip code is 33125.

    Property Features for 721 21St Ct

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,284 SF

    Building Details

    Year Built
    1948

    HighLights

    • 11,284 SF multifamily property on a full city block corner lot in Miami's Little Havana (33125).
    • Currently operating as a turnkey medical facility with 50 parking spaces.
    • Prime location near Jackson Memorial Hospital, University of Miami Hospital, Marlins Stadium, Downtown Miami, and Brickell.
    • $4,900,000 asking price.
    • Built in 1948, offering redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vidamax Medical Center Medical Center Mega Health Center-East ... Medical Center FL Clinical Research ... Medical Laboratory Viro Medical Center Medical Center DeORLANDO INC Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.230328
    Latitude
    25.780143

    Nearby Similar for Sale

    • $2,345,000

      Miami Multifamily Short-Term Rental Property

      Boutique 5-unit apartment community in Miami's Opportunity Zone.
      1053 NW 29Th St, Miami, FL 33127
      View Details
    • $7,750,000

      Luxury Brickell Office with Terrace

      Sophisticated 4,768 sqft office with bay view terrace in Brickell.
      1300 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $1,275,000
      3,892 SF

      Miami Fourplex with Income Potential

      Residential income property in Miami, featuring a pool and gated entry.
      14500 NE 2, Miami, FL 33161
      View Details
    • $1,275,000
      7,382 SF

      Miami Multifamily Value-Add Opportunity

      Two-building multifamily property with 13 units in Miami, Florida.
      1337 NW 77Th St, Miami, FL 33147
      View Details
    • $3,775,000

      New Multifamily Investment in Miami

      Newly built 10-unit multifamily property in a growing Miami area.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,775,000
      7,000 SF

      New Multifamily Investment in Miami

      Newly built 10-unit multifamily property in a growing Miami area.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,500,000

      Remodeled Corner Office Suite, Miami

      Completely remodeled corner office suite in the heart of Miami's financial district.
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $2,100,000

      Redevelopment Opportunity in Miami, FL

      Two lots totaling 14,000 sq. ft. ideal for redevelopment.
      1750 NW 7Th St, Miami, FL 33125
      View Details
    • $1,275,000

      Miami Multifamily Value-Add Opportunity

      13-unit multifamily property in Miami, ideal for redevelopment or repositioning.
      1337 NW 77Th St, Miami, FL 33147
      View Details
    • $550,000

      Established Beauty and Aesthetics Studio

      Turnkey beauty and aesthetics studio in a high-traffic Miami location.
      5870 W Flagler St, Miami, FL 33144
      View Details
    • $3,800,000
      3,372 SF

      West Brickell Quadplex Investment Opportunity

      Income-producing quadplex near Brickell with development potential.
      364 SW 11Th St, Miami, FL 33130
      View Details
    • $5,750,000

      Miami Medical Office Building For Sale

      11,072 SF medical office building in strategic healthcare corridor.
      2901 NW 17Th Ave, Miami, FL 33142
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Little Havana Location, High Development Potential
    Where is this multifamily property located?
    The property is located at 721 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: 11,284 SF multifamily property on a full city block corner lot in Miami's Little Havana (33125).; Currently operating as a turnkey medical facility with 50 parking spaces.; Prime location near Jackson Memorial Hospital, University of Miami Hospital, Marlins Stadium, Downtown Miami, and Brickell.
    Request Owner's contact information
    721 21St Ct Miami, FL 33125
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    721 21St Ct
    Miami, FL 33125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    721 21St Ct Miami, FL 33125
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.