Commercial Condo Office
For Sale
Contact for pricing
16115 SW 117th Ave, Miami, FL 33177
Two-story office suite with seven offices and snack room.
Property Size3,800 SF
Price / SF$0.01
Days on Market306
Property Features for 16115 SW 117th Ave
General Information
Standard status
Active
Size
3,800 SF
Class
B
Property subtype
Office
Lease Term
Net of Electrical and Janitorial
Building Details
Building Size
3,800 SF
Year Built
1989
Properties For Sale
at 16115 SW 117th Ave
16115 SW 117 Avenue Suite A4
Size
1,900 SF
Type
Office Condo
Term
Negotiable
Listing Agency:
NAI Miami HQ
Listed By:
Craig Merlin · License #3456212
(305) 987-4401
Source:
Naiglobal
Added: Dec 22, 2025
Changed: Oct 13
Last Checked: Oct 23 at 3:57AM
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 NAI Miami HQ
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Investment Insights
Based on property information with market context.
This commercial condo office space is located in the South Dade Business Centre. The two-story office suite A4 includes seven offices and a snack/break room. Ample parking is available. The property is in close proximity to restaurants and retailers and has easy access to Florida’s Turnpike. The property size is 3800 square feet.
Key Highlights
- Commercial condo office space in South Dade Business Centre
- Features seven offices and a snack/break room
- 2‑story office suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,719
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,380
$2.0M
Cap Rate 7%
$1,438,843
$1.4M
Cap Rate 9%
$1,119,100
$1.1M
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$173.3K $45.60/SF
− Vacancy
−$39.0K −$10.26/SF
EGI
$134.3K $35.34/SF
− OpEx
−$33.6K −$8.84/SF
NOI
$100.7K $26.51/SF
Area
ZIP 33177
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,380
Cap Rate 7%
$1,438,843
Cap Rate 9%
$1,119,100
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,719 @ 7.0% cap · market cap 402,876.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,953 @ 7.0% cap · market cap 539,812.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Two-story office suite with seven offices and snack room.
Where is this office unit located?
The property is located at 16115 SW 117th Ave Miami, FL.
What are key features of this property?
This property features: Commercial condo office space in South Dade Business Centre; Features seven offices and a snack/break room; 2‑story office suite
