721 NW 21St Ct Miami, FL 33125
For Sale
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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.
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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
6100:COMMERCIAL,NEIGHBRHD · Miami, FLMiami. Always verify with local authorities before improvements.
Costs & 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.