Flex-Office Condo for
20157 NE 16th Pl Miami, FL 33179
For Sale
Contact for pricing
7,244 SF flex-office condo available near I-95.
Property Size7,244 SF
Price / SF$303.70
Days on Market667
Property Features for 20157 NE 16th Pl
General Information
Standard status
Active
Size
7,244 SF
Property subtype
Office
Building Details
Year Built
1989
Listing Agency:
Berger Commercial Realty
Listed By:
Calder Alfano · License #SL3608925
Source:
Crexi
Added: Oct 1, 2024
Changed: Jul 6
Last Checked: Jul 29 at 5:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berger Commercial Realty
Investment Insights
Based on property information with market context.
This 7,244 square foot flex-office condo is available for sale. The property features one 10' x 10' grade-level loading door and is fully air conditioned. The two-story hybrid layout includes first-floor loading and storage space, with second-floor offices, a conference room, a reception area, and a bullpen area. The property is located within Ives Dairy Commerce Center at I-95 and Ives Dairy Road, offering convenient access to Aventura, Sunny Isles, Hollywood, and FLL International Airport. The unit can be purchased individually or together with the adjacent unit #20149, which is a 1,510 SF industrial condo, for a combined total of 8,754 square feet.
Key Highlights
- 7,244 SF flex‑office condo, potentially expandable to 8,754 SF with adjacent unit
- Located within Ives Dairy Commerce Center at I‑95 & Ives Dairy Road
- Minutes to Aventura, Sunny Isles, Hollywood, FLL International Airport
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 | $146.0k | $20.16 |
| − Vacancy | −$7.0k | −$0.97 |
| EGI | $139.0k | $19.19 |
| − OpEx | −$20.9k | −$2.88 |
| NOI | $118.2k | $16.31 |
7,244 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.46M
NOI $207,812 @ 7.0% cap · market cap 9.45%
Second Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,175 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$4.89M
$4.28M – $5.70M
NOI $342,282 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Gusto bites — 1620 NE 205th Terrace, Miami, FL 33179
- Rinat's Catering — 2385 NE 199th St, Miami, FL 33180
- Molly's Gourmet Meals — 19593 NE 10th Ave, Miami, FL 33179
- Gavriel Event Catering — IVES I-95 Business Center, North Miami Beach, FL 33179
- Empalicious — 1620 NE 205th Terrace, Miami, FL 33179
Frequently Asked Questions
What type of property is this?
Flex space - 7,244 SF flex-office condo available near I-95.
Where is this flex space located?
The property is located at 20157 NE 16th Pl Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,244 SF flex‑office condo, potentially expandable to 8,754 SF with adjacent unit; Located within Ives Dairy Commerce Center at I‑95 & Ives Dairy Road; Minutes to Aventura, Sunny Isles, Hollywood, FLL International Airport
