Warehouse Office Flex
New
For Sale
$400,000
16215 SW 117th Ave 4, Miami, FL 33177
Flex space with renovated bathroom, newly installed office flooring, and fresh interior paint, zoned for light manufacturing.
Property Size1,080 SF
Price / SF$370.37
Days on Market2
Property Features for 16215 SW 117th Ave 4
General Information
Standard status
Active
Size
1,080 SF
Zoning
light manufacturing
Building Details
Year Built
2004
Listing Agency:
Florida Capital Realty
(305) 992-8999
Listed By:
Christine Jaar · License #3128224
Source:
Mymiahomes
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 8:52AM
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 Florida Capital Realty
Investment Insights
Based on property information with market context.
This warehouse/office flex space includes one bathroom, with a completely renovated bathroom, newly installed flooring in the office, and fresh interior paint throughout. The building is zoned for light manufacturing, providing a versatile option for a range of business uses. Association approval is required.
The property was built in 2004 and contains 1,080 SF of total space. The office component is set up with newly installed flooring, supporting daily operations alongside warehouse functionality.
For users seeking a light manufacturing–zoned warehouse/office configuration with recent interior updates, this flex space offers a practical layout with a renovated restroom and a refreshed interior.
The property was built in 2004 and contains 1,080 SF of total space. The office component is set up with newly installed flooring, supporting daily operations alongside warehouse functionality.
For users seeking a light manufacturing–zoned warehouse/office configuration with recent interior updates, this flex space offers a practical layout with a renovated restroom and a refreshed interior.
Key Highlights
- 1,080 SF warehouse/office flex space
- Renovated bathroom
- Newly installed office flooring
Financial Insights For Office B
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 | $49.2k | $45.60 |
| − Vacancy | −$11.1k | −$10.26 |
| EGI | $38.2k | $35.34 |
| − OpEx | −$9.5k | −$8.84 |
| NOI | $28.6k | $26.51 |
1,080 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$408.9K
$357.8K – $477.1K
NOI $28,625 @ 7.0% cap · market cap 7.16%
Second Best
Warehouse
$202.3K
$177.0K – $236.0K
NOI $14,158 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$547.9K
$479.4K – $639.3K
NOI $38,355 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33177, FL
56,331
Population
17,124
Households
3.3
Avg Household Size
41
Median Age
23%
College-Educated
84%
High-School Grad
12.6 sq mi
ZIP Area
4,471
Density / Sq Mi
$77,297
Median Household Income
$36,347
Median Earnings
$2,080
Median Rent
$399,000
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with renovated bathroom, newly installed office flooring, and fresh interior paint, zoned for light manufacturing.
Where is this flex space located?
The property is located at 16215 SW 117th Ave 4 Miami, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,080 SF warehouse/office flex space; Renovated bathroom; Newly installed office flooring
