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Versatile Flex Space with Warehouse

15-16155 Sw 117th Ave Miami, FL 33172

15-16155 Sw 117th Ave, Miami, FL, 33172

$1,195,000

For Sale

$1,195,000

Two-story flex space combining office and warehouse areas.

Property Size3,050 SF

Price / SF$391.80

AddedMay 25

Days on Market53

Last RefreshJul 14 at 4:52 am

Property Features for 15-16155 Sw 117th Ave

General Information

Standard status: Active
Size: 3,050 SF

Listing office Compass Florida, LLC

Listing date May 25, 2026

Source Exprealty

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 Compass Florida, LLC

Investment Insights

Based on property information with market context.

This two-story flex space property offers a combination of office and warehouse functionalities, totaling 3,050 square feet. The layout features abundant natural light, a glass conference room, a reception area, two bathrooms, and a lunchroom. There are three additional offices and a spacious warehouse area on the first floor. The second floor includes a sitting room with three offices and a large open space suitable for various purposes. In total, the property provides nine areas suitable for office spaces. The warehouse area is easily accessible from the back, facilitating loading operations. The property includes two assigned parking spaces, with additional guest parking available. The property's layout and features make it suitable for a variety of businesses, including med spas, clinical offices, insurance companies, and law offices, as well as any business requiring spacious office areas. The property is strategically located near the Florida Turnpike, major highways, and Tamiami Executive Airport.

Key Highlights

Strategic location close to FL Turnpike, main highways, and Tamiami Executive Airport.
Multiple‑purpose flex space combining office and warehouse.
Spacious layout with 9 areas for office spaces.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.5k	$20.16
− Vacancy	−$3.0k	−$0.97
EGI	$58.5k	$19.19
− OpEx	−$8.8k	−$2.88
NOI	$49.8k	$16.31

3,050 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$710.8K

$622.0K – $829.3K (±1% cap)

NOI $49,756 @ 7.0% cap · market cap 4.16%

Second Best

Flex RnD

$638.9K

$559.1K – $745.4K (±1% cap)

NOI $44,725 @ 7.0% cap · market cap 3.74%

Theoretical Best

Specialty Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,114 @ 7.0% cap · market cap 12.06%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
FL
Miami
33172
15-16155 Sw 117th Ave

What type of property is this?

Flex space - Two-story flex space combining office and warehouse areas.

Where is this flex space located?

The property is located at 15-16155 Sw 117th Ave Miami, FL.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: Strategic location close to FL Turnpike, main highways, and Tamiami Executive Airport.; Multiple‑purpose flex space combining office and warehouse.; Spacious layout with 9 areas for office spaces.