305-609-4190
1031 NW 21st St, Miami FL 33127
Active Mixed Use

1031 NW 21st St, Miami FL 33127

Miami, FL, 33127

$4,850,000

—
Beds
—
Baths
—
Sq Ft
1947
Year Built
—
Lot Sq Ft
—
Garage

Photo Gallery (23 photos)

About This Property

Prime redevelopment opportunity at 1031 NW 21st St - a strategically located warehouse in Allapattah amid a surge of institutional and private investment. The neighborhood is experiencing substantial mixed-use and workforce housing activity driven by the Live Local Act; recent multistory residential and mixed-use entitlements and large refinancing transactions demonstrate strong demand. Ideal for an owner-user, conversion to residential or a higher-density Live Local redevelopment, or a value-add repositioning play. Close to transit corridors and major development nodes - rare land play. Recent activity - Live Local entitlements, refinancing and institutional interest for workforce sites - are driving land values higher and widening exit options.

Property Details

MLS #

A11869883

Status

Active

Property Type

Commercial Sale

Sub Type

Mixed Use

Year Built

1947

Days on Market

359

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$1,617/mo

Tax Amount

$48,400

Garage

—

Lot Size

—

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$33,950
Est. Monthly Rent
-0.1%
Cap Rate
-0.3%
Cash-on-Cash
$-3,091
Net Operating Income

ROI Projections (4% Annual Appreciation)

107%
5-Year ROI
Value: $5,900,767
237%
10-Year ROI
Value: $7,179,185
396%
15-Year ROI
Value: $8,734,576

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

Market Trends

Similar Homes

Properties near Miami in a similar price range

WhatsApp Call Text
Call Text Email