7021 13Th TerMiami, FL 33144

  • Industrial properties
  • 3,301 SF
For Sale
$2,050,000 View listing

Property Details for 7021 13Th Ter

Year built
1971
Construction
CONCRETE
Lot size
0.10 AC
Property size (Sq ft)
3,301 SF
Zone code
7100:INDUSTRIAL,LIGHT MFG
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
30-4011-008-1041
APU
3040110081041

Description

This exceptional Miami-Dade County investment property, encompassing two folios (7021 & 7027 SW 13th Ter.), offers a unique blend of warehouse and office space. The 4,860 square foot building features a 1,700 square foot warehouse with an 18-foot clear ceiling height, a 1,580 square foot second-floor office area with five air-conditioned offices, and 1,580 square feet of first-floor storage, all boasting 8-foot clear ceiling heights. The property also includes a substantial 4,279 square foot paved lot, providing ample parking for up to 17 vehicles (14 spaces confirmed, with potential for more). Recent upgrades include a new roof (January 2024) with a 10-year warranty and a fresh paint job in 2021. A septic tank was installed in 2008, and a 40-year recertification was approved in 2021. The total net rentable area is 9,139 square feet. The asking price is $2,050,000 ($297/sq ft), with a land value of $140/sq ft. The property is zoned for light manufacturing and food processing (7100). The building was constructed in 1971 and renovated in 1994. It features one building with two stories and one loading dock. Seller financing is available (70%). The property is currently owner-occupied, with a business in place. The owner is in the process of legalizing the existing 1,580 square foot second-floor office space. This rare combination of warehouse, office, and extensive parking makes this a highly desirable investment opportunity in a competitive Miami market.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,071,263
    Hospitality
    $981,271
    Educational
    $816,406
    Medical
    $844,484
    Retail
    $1,269,965
7021 13Th Ter, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.7581
Longitude
-80.309
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
$6,295
$106,975
$529,025
$636,000
-
$106,975
$529,025
$636,000

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