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Property profile & analytics
FOR SALE
Office buildings

721 NW 21St Ct Miami, FL 33125

11,284 SF 0.62 ac lot Built 1948
Entity Owned ~ Est. High Equity
Property ID
US18-5567946
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1948
Construction CONCRETE
Total area 11,284 SF
Lot 0.62 ac (27,061 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-3134-051-0750
UPID US18-5567946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vidamax Medical Center Medical Clinic
  • Mega Health Center-East Little Medical Clinic
  • FL Clinical Research Inst LLC Medical Laboratory
  • Viro Medical Center Medical Clinic
  • DeORLANDO INC Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.76M
CAP Approach CAP
$5.31M
Comparable Approach Comparable
$5.09M
Blend (final) Blend
$4.61M
Owner & transaction history
721 Nw 21 Court LLC
721 Nw 21 Court LLC
since 2026
Last sale
$3.8M
4 recorded transactions
2026
Price N/A
2022
$3.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $7.4M +40.3%
Retail stores $6.5M +22.8%
Commercial (general) $5.8M +9.6%
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More about this property
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