Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

2120 NW 21 St

Miami, FL 33142  ·  Light Manufacturing  ·  Folio 0131271010030
Building
7,220
square feet
Lot
11,631
0.27 acres
Year built
1979
47 years old
Assessed value
$1,616,000
$224/SF assessed

Ownership and recorded sale history

Owner of recordMST CORPORATION TRS
Last recorded sale2022 — $6,377,500
At that sale$883/SF
Years since4 years
Miami-Dade County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Allapattah

Recorded transactions for industrial properties in Allapattah along NW 36th Street and NW 17th Avenue, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2022–2026
Median price/SF
$286
$139 – $442
Median size
7,515
square feet
Median vintage
1976
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $224/SF. Recorded sales of industrial properties in Allapattah since 2022 have a median of $286/SF, across a range of $139/SF to $442/SF.

Across those 8 recorded sales, the median sale price came in at 1.27× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

By footprint it sits in roughly the 62th percentile of industrial properties that have traded in this corridor — 8 of the 21 recorded sales were of larger buildings.

The assessment works out 22% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
2059 NW 24 Ave
Warehouse/Distribution
9,50019672026$2,800,000$295
2121 NW 24 Ave
Packing Plant
4,75019862025$2,100,000$442
1996 NW 22 St
Other Food Processing
5,04019662025$1,400,000$278
1846 NW 22 St + 1 more parcel
Light Manufacturing · combined 8,100 SF portfolio sale
8,10019752025$1,129,300$139
2200 NW 25 Ave
Warehouse/Distribution
9,50719672024$3,000,000$316
2140 NW 23 Ave
Light Manufacturing
10,03719772024$2,553,000$254
1918 NW 21 St
Light Manufacturing
4,41019792024$1,325,000$300
2185 NW 23 Ave
Packing Plant
6,93019852022$1,380,000$199
Recorded sale prices from Miami-Dade County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Miami-Dade County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 0131271010030." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.