16155 SW 117th Avenue #B21 Miami, FL 33177
Two adjacent flex units combine office space with rear street-level loading for light industrial and logistics users.
Property Features for 16155 SW 117th Avenue #B21
General Information
- Standard status
- Active
- Size
- 4,100 SF
Building Details
- Year Built
- 1989
Listing office Fairchild Partners, Inc. (305) 606-2097
Listing date Jun 12, 2026
Source Laerrealty
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 Fairchild Partners, Inc.
Investment Insights
Based on property information with market context.
Access is designed for tenants who need both customer-facing entry and straightforward deliveries. The units are located at 16155 SW 117th Avenue, right off the Turnpike, with easy highway access. The property is also described as being close to Miami Executive Airport. Parking includes four dedicated spaces in front of the units, with additional parking throughout the business park.
The flexible layout and loading provisions support a range of office, warehouse, and light industrial uses, including companies that may benefit from combining administrative space with operational areas such as logistics, e-commerce inventory activities, HVAC/plumbing/electrical contractors, and light manufacturing or food preparation/catering operations where permitted. This configuration can support single-tenant occupancy or two separate businesses given the option to sell together or separately.
Key Highlights
- Two adjacent office/flex units totaling 4,100 SF (2,050 SF each), can be sold together or separately
- Includes office space with pass‑through area that can be closed, currently used as one occupant
- Rear street‑level overhead doors plus 18‑foot clear ceilings for warehouse/loading use
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 | $66.9k | $16.32 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $63.2k | $15.42 |
| − OpEx | −$9.5k | −$2.31 |
| NOI | $53.7k | $13.11 |
Alternative Uses
Property Analytics
Current Use by Public Records
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