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    2332 21St Ter Miami, FL 33142

    For Sale
    $5,000,000

    Miami industrial warehouse, 9,500 SF, high ceilings

    Property size:
    9,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,500-square-foot warehouse in Miami's Allapattah neighborhood presents a unique owner-user opportunity. Built in 1968 and extensively renovated in 2021, this single-story building boasts 18-foot ceilings, two loading docks, and one dock-high door. The property sits on a 15,500-square-foot lot, offering ample space for operations and future expansion. Currently 100% occupied since July 14, 2023, the warehouse features a combination of cooler/freezer space (4,750 sq ft) and dry storage (4,750 sq ft), all equipped with top-of-the-line, recently installed freezers and coolers. The building also includes small, built-out offices. The property is zoned D2 and benefits from its prime location, offering easy access to major transportation arteries, including the airport and seaport, as well as key Miami neighborhoods like Wynwood, Brickell, and Downtown. The land value is $322 per square foot, reflecting the significant development potential in this rapidly growing area. This is an ideal location for businesses seeking a well-maintained, strategically located warehouse with excellent logistical advantages and future growth potential.

    Property Features for 2332 21St Ter

    General Information

    Property type
    Distribution properties
    Square Feet
    9,500 SF

    Building Details

    Year Built/Renovated
    1968/2021
    Stories
    1

    HighLights

    • 9,500 SF warehouse in Miami's Allapattah neighborhood, owner‑user opportunity.
    • Single‑story building, 18' ceilings, two loading docks, one dock‑high door.
    • 15,500 SF lot, ample space for expansion.
    • 100% occupied since July 14, 2023; 4,750 SF cooler/freezer space and 4,750 SF dry storage with new equipment.
    • Includes small offices; D2 zoning.
    • Prime location with easy access to major transportation arteries; land value $322/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hardy Commercial Cleaners ... Commercial Cleaning Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2342008
    Latitude
    25.7959134

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    FAQs

    What type of property is this?
    Distribution property - Miami industrial warehouse, 9,500 SF, high ceilings
    Where is this distribution property located?
    The property is located at 2332 21St Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 9,500 SF warehouse in Miami's Allapattah neighborhood, owner-user opportunity.; Single-story building, 18' ceilings, two loading docks, one dock-high door.; 15,500 SF lot, ample space for expansion.
    Request Owner's contact information
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    Miami, FL 33142
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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
    2332 21St Ter Miami, FL 33142
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