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Two-Story Flex-Space Industrial Condo

16115 SW 117th Ave A13 Miami, FL 33177

16115 SW 117th Ave A13, Miami, FL, 33177

$807,000

For Sale

$807,000

2,050 SF flex-space condo in South Dade Business Centre.

Property Size2,050 SF

Price / SF$393.66

AddedMay 19

Days on Market58

Last RefreshJul 15 at 3:24 pm

Property Features for 16115 SW 117th Ave A13

General Information

Standard status: Active
Size: 2,050 SF
Property subtype: Industrial

Building Details

Year Built: 1989

Listing office

Listing date May 19, 2026

Source Elliman

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 Maria Bolanos

Investment Insights

Based on property information with market context.

This 2,050 SF two-story flex-space industrial condominium is located within the South Dade Business Centre. Constructed in 1989, this "Class B" CBS building features a layout suitable for office, warehouse, or light industrial use. The interior includes professional office finishes, a remodeled modern bathroom, and polished concrete floors in the warehouse area. Logistics are facilitated by one 10'x12' rear-loading street-level door and a high clear ceiling height between 16' and 18'. The property is zoned I-UC (Industrial District Conditional, Miami-Dade County) and is independently metered for electricity, water, and sewer. The monthly association fee of $330.00 covers exterior maintenance, building insurance, management, and capital reserves. Parking is available on a first-come, first-served basis, with guest parking also provided. Association approval is required.

Key Highlights

2,050 SF flex‑space industrial condominium in the desirable South Dade Business Centre.
Functional layout suitable for office, warehouse, or light industrial use with professional office finishes.
High clear ceiling height (16'-18') and one 10'x12' rear‑loading street‑level door for efficient logistics.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.5k	$16.32
− Vacancy	−$1.8k	−$0.90
EGI	$31.6k	$15.42
− OpEx	−$4.7k	−$2.31
NOI	$26.9k	$13.11

2,050 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$383.9K

$335.9K – $447.9K (±1% cap)

NOI $26,874 @ 7.0% cap · market cap 3.33%

Second Best

Flex RnD

$343.6K

$300.6K – $400.8K (±1% cap)

NOI $24,049 @ 7.0% cap · market cap 2.98%

Theoretical Best

Office A

$1.04M

$910.1K – $1.21M (±1% cap)

NOI $72,804 @ 7.0% cap · market cap 9.02%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Marenco International Trading Department Store Feral Cat Control Garden Center Kwik Kool Air ... Hardware & Home Improvement Charme International Cosmetic Store Unitech Builders Construction Company

Suggested Use

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For sale
Flex space
FL
Miami
33177
16115 SW 117th Ave A13

What type of property is this?

Flex space - 2,050 SF flex-space condo in South Dade Business Centre.

Where is this flex space located?

The property is located at 16115 SW 117th Ave A13 Miami, FL.

What is the asking price?

The asking price for this property is $807,000.

What are key features of this property?

This property features: 2,050 SF flex‑space industrial condominium in the desirable South Dade Business Centre.; Functional layout suitable for office, warehouse, or light industrial use with professional office finishes.; **High clear ceiling height (16'-18')** and one 10'x12' rear‑loading street‑level door for efficient logistics.