15221 21st Ave North Miami Beach, FL 33162-6003
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami Beach, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.