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    15221 21 Ave North Miami Beach, FL 33162

    Sponsored
    For Sale
    $5,999,999

    Prime Flex Warehouse, Film Studio Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,909 square foot industrial property, situated on nearly half an acre (19,250 sq ft) of land in North Miami Beach, Florida (33162), presents a unique investment opportunity. The property, located just one block from Biscayne Boulevard, boasts a prime location within a rapidly growing area. The building, a two-story structure, is currently configured as a film studio, offering versatile flex space adaptable to various uses. Its B-4 Light Industrial zoning allows for a range of potential developments. The property recently underwent a 50-year building recertification in May 2023, ensuring structural integrity and minimizing future maintenance concerns. This turnkey operation is ideal for both end-users seeking a functional space and investors looking to capitalize on the area's growth potential and redevelopment opportunities. The asking price is $5,999,999. This property offers a rare combination of location, size, and recent upgrades, making it a highly desirable asset in the competitive North Miami Beach commercial real estate market. Its proximity to Biscayne Boulevard provides excellent access to major transportation routes, enhancing its logistical advantages. The substantial land area also presents possibilities for future expansion or redevelopment, further increasing its long-term value. Don't miss this chance to acquire a high-quality industrial property in a thriving location.

    Property Features for 15221 21 Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • 10,909 SF industrial building on a 19,250 SF lot in North Miami Beach (33162).
    • Prime location one block from Biscayne Boulevard in a rapidly growing area.
    • Two‑story building, currently configured as a film studio, offering flexible space.
    • B‑4 Light Industrial zoning allows for diverse uses.
    • Recently (May 2023) completed 50‑year building recertification.
    • Asking price: $5,999,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Expendables Store Video Production Service Great Southern Studios Video Production Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1578439
    Latitude
    25.9164026

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    FAQs

    What type of property is this?
    Distribution property - Prime Flex Warehouse, Film Studio Potential
    Where is this distribution property located?
    The property is located at 15221 21 Ave North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $5,999,999.
    What are key features of this property?
    This property features: 10,909 SF industrial building on a 19,250 SF lot in North Miami Beach (33162).; Prime location one block from Biscayne Boulevard in a rapidly growing area.; Two-story building, currently configured as a film studio, offering flexible space.
    Request Owner's contact information
    15221 21 Ave North Miami Beach, FL 33162
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    North Miami Beach, FL 33162
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    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
    15221 21 Ave North Miami Beach, FL 33162
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