Two-Story Flex-Space Industrial
For Sale
$728,000
16115 SW 117th Ave A13, Miami, FL 33177
2,050 SF flex-space condo in South Dade Business Centre.
Property Size2,050 SF
Price / SF$355.12
Days on Market149
Property Features for 16115 SW 117th Ave A13
General Information
Standard status
Active
Size
2,050 SF
Building Details
Year Built
1989
Listing Agency:
The Canero Group
Listed By:
Maria Bolanos · License #3278607
(305) 588-1826
Source:
Mymiahomes
Added: May 19
Changed: Sep 13
Last Checked: Oct 7 at 5:32PM
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 The Canero Group
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,049
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,980
$481.0K
Cap Rate 7%
$343,557
$343.6K
Cap Rate 9%
$267,211
$267.2K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$39.4K $19.20/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$37.0K $18.05/SF
− OpEx
−$12.9K −$6.32/SF
NOI
$24.0K $11.73/SF
Area
ZIP 33177
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,980
Cap Rate 7%
$343,557
Cap Rate 9%
$267,211
Alternative Uses
Best Use
Flex RnD
$343.6K
$300.6K – $400.8K
NOI $24,049 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$316.2K
$276.6K – $368.9K
NOI $22,131 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.04M
$910.1K – $1.21M
NOI $72,804 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Similar Off Market Nearby
- Boni's Paella Party — 16155 SW 117th Ave STE B8, Miami, FL 33177
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Frequently Asked Questions
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 $728,000.
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.
