Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16190 21st Ave North Miami Beach, FL 33162-4908

    • Warehouses
    • 1,446 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US18-3320877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 16190 21st Ave

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    1,446 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Warehouses
    APN
    07-2216-012-0260
    APU
    722160120260

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $395,000
      6.5%
      $365,000
      7%
      $335,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $430,000
      Current use
      RETAIL STORES
      $675,000
      Change: +57% Conversion: Moderate
      MEDICAL BUILDING
      $635,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $475,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $410,000
      Change: -4% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1582
    Latitude
    25.9249
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,795
    $1,154,560
    $334,504
    $1,489,064
    -
    $1,154,560
    $334,504
    $1,489,064

    Comparable in this City

    • Value Estimation
      $485,000
      10,500 SF

      99 166th St

      WAREHOUSE, STORAGE • 10,500 SF
      99 166th St, Miami, FL 33162-3439
      View Details
    • Value Estimation
      $420,000
      4,750 SF

      15255 Dixie Hwy

      WAREHOUSE, STORAGE • 4,750 SF
      15255 Dixie Hwy, North Miami Beach, FL 33162-6027
      View Details
    • Value Estimation
      $570,000
      18,673 SF

      280 181st St

      WAREHOUSE, STORAGE • 18,673 SF
      280 181st St, Miami, FL 33162-1005
      View Details
    • Value Estimation
      $14,405,000
      59,696 SF

      200 181st St

      WAREHOUSE, STORAGE • 59,696 SF
      200 181st St, Miami, FL 33162-1005
      View Details
    • Value Estimation
      $12,330,000
      60,084 SF

      18101 2nd Ct

      WAREHOUSE, STORAGE • 60,084 SF
      18101 2nd Ct, Miami, FL 33162
      View Details
    • Value Estimation
      $380,000
      5,951 SF

      2041 160th St

      WAREHOUSE, STORAGE • 5,951 SF
      2041 160th St, North Miami Beach, FL 33162-4913
      View Details

    Similar Nearby for Sale

    • $3,759,000

      North Miami Beach Warehouse - $3.76M

      High-traffic location, development potential.
      15150 Dixie Hwy, North Miami Beach, FL 33162
      View Details
    • $5,650,000

      Versatile Warehouse/Flex Space Opportunity

      Warehouse/flex space in prime North Miami Beach location.
      15221 NE 21St Ave, Miami, FL 33162
      View Details
    • $2,700,000

      Prime Corner Property For Sale

      9,875 SF corner property in North Miami Beach.
      1410 NE 163 St, North Miami Beach, FL 33162
      View Details
    • $5,999,999

      North Miami Beach Industrial Flex Space

      Prime Flex Warehouse, Film Studio Potential
      15221 21 Ave, North Miami Beach, FL 33162
      View Details
    • Contact for pricing
      10,000 SF

      Functional Industrial Property For Sale

      10,000 SF industrial property with excellent connectivity and functionality.
      17401 NW 2Nd Ave, Miami, FL 33162
      View Details
    • Contact for pricing
      440,000 SF

      North Miami Beach Multifamily Redevelopment

      380-unit complex, prime location, high occupancy.
      0 163 St, North Miami Beach, FL 33162
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,000 SF

      Industrial Warehouse with Truck Court

      64,000 SF industrial property featuring office space and truck court.
      1365 NW 159Th St, Miami, FL 33162
      View Details
    • Contact for pricing
      62,000 SF

      18227-18243 NE 4th Court - North Miami Warehouse

      Distribution properties • 62,000 SF
      18227 4Th Ct, Miami, FL 33162
      View Details
    • $0.02 SF/Yr
      13,240 SF

      North Miami Flex Warehouse Space

      Prime Flex Space, Ideal Location
      1926 154 St, North Miami Beach, FL 33162
      View Details
    • Contact for pricing
      10,800 SF

      Miami Warehouse Space Available

      10,800 SF warehouse space for lease in Miami.
      1600 NW 159Th St, Miami, FL 33162
      View Details
    • $12 SF/Yr
      4,450 SF

      Miami Flex Space: Prime Location

      1,600 sq ft Flex Space - Newly Renovated
      500 167Th St, Miami, FL 33162
      View Details
    • $1,700 /Mo

      Renovated Apartment Near Amenities

      Cozy, renovated 1/1 apartment in a convenient location.
      17175 NE 19Th Ave, Miami, FL 33162
      View Details
    Request Owner's contact information
    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.
    16190 21st Ave
    North Miami Beach, FL 33162-4908
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.