Flex Industrial Retail
16355 NW 27th Ave Miami Gardens, FL 33054
16355 NW 27th Ave, Miami Gardens, FL, 33054
$2,100,000
For Sale
$2,100,000
COMMERCIAL - Miami Gardens, FL
Property Size8,000 SF
Lot Size0.57 Acres
Price / SF$262.50
Days on Market29
Property Features for 16355 NW 27th Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 34-21-15-002-0500
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Description
- NW 27TH AVE HEIGHTS PB 47-55 LOT 5 & 20FT ALLEY W & ADJ & N84.8FT & E25FT OF S20FT OF LOT 7 BLK 5 PR ADD 16355 NW 27 AVE LOT SIZE IRREGULAR
Building Details
- Year built
- 1961
Listing Agency
Trustpoint Realty, LLC.
(305) 200-0348
15207 NW 60th Ave, Miami Lakes, FL
Listed by
Darious White · License #3508013
(305) 747-0260
Added: Jun 19 Checked: Jul 17 at 2:06 pm
MLS# A11989966
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex industrial/retail building is positioned on a signalized corner and combines functional warehouse space with a retail component. The structure includes grade-level doors, 20-foot ceilings, and a layout designed to support a service- and operations-oriented tenant. An on-site retail anchor tenant is identified in the remarks as Cricket Wireless. The property also includes excess land, which can support outdoor storage, fleet use, or potential reconfiguration within the existing footprint.
The asset is located along NW 27th Ave in Miami Gardens, described in the remarks as a high-exposure corridor with significant daily vehicle traffic. The location is presented as providing immediate access to I-95 and the Florida Turnpike. The surrounding area is described as dense residential, with over 500,000 residents within a 5-mile radius.
For buyers or owner-users seeking a versatile property, the combination of industrial functionality, retail presence, and exterior space can fit a range of automotive, contractor, logistics, or service-based operations. The ability to occupy and operate from a grade-level facility, along with outdoor space for equipment storage or fleet needs, may be particularly useful where visibility and practical on-site utility matter. The remarks also note in-place income associated with the existing retail tenant.
The asset is located along NW 27th Ave in Miami Gardens, described in the remarks as a high-exposure corridor with significant daily vehicle traffic. The location is presented as providing immediate access to I-95 and the Florida Turnpike. The surrounding area is described as dense residential, with over 500,000 residents within a 5-mile radius.
For buyers or owner-users seeking a versatile property, the combination of industrial functionality, retail presence, and exterior space can fit a range of automotive, contractor, logistics, or service-based operations. The ability to occupy and operate from a grade-level facility, along with outdoor space for equipment storage or fleet needs, may be particularly useful where visibility and practical on-site utility matter. The remarks also note in-place income associated with the existing retail tenant.
Key Highlights
- 8,000 SF flex industrial/retail building built in 1961 on 0.56+ acres at a signalized corner on NW 27th Ave.
- Grade‑level doors and 20' ceilings for versatile industrial use.
- Excess land on‑site suitable for outdoor storage, fleet use, or future expansion.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $18.36 |
| − Vacancy | −$8.1k | −$1.01 |
| EGI | $138.8k | $17.35 |
| − OpEx | −$20.8k | −$2.60 |
| NOI | $118.0k | $14.75 |
8,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.69M
$1.47M – $1.97M
NOI $117,981 @ 7.0% cap · market cap 5.62%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,581 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,720 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Grade-level flex setup with 20-foot ceilings and excess land for outdoor storage or fleet use.
Where is this flex space located?
The property is located at 16355 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,000 SF flex industrial/retail building built in 1961 on 0.56+ acres at a signalized corner on NW 27th Ave.; Grade‑level doors and 20' ceilings for versatile industrial use.; Excess land on‑site suitable for outdoor storage, fleet use, or future expansion.
