16115 SW 117th Ave A6 Miami, FL 33177
Remodeled two-story flex condo with showroom, upstairs offices, and rear-loading street-level door.
Property Features for 16115 SW 117th Ave A6
General Information
- Standard status
- Active
- Size
- 2,050 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1982
Listing office (305) 588-1826
Listing date Jul 14, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The property is located within the South Dade Business Centre and is zoned I-UC (Industrial District Conditional, Miami-Dade). Electric, water, and sewer are independently metered. Parking is first-come, first-served with guest spaces available, and association approval is required. The monthly association fee is $330 and covers exterior maintenance, building insurance, management, and capital reserves.
Key Highlights
- Remodeled 2,050 SF two‑story flex industrial condo with redesigned showroom on the ground floor and upstairs office layout.
- Dual climate control with two separate A/C units—one for offices/showroom and a second dedicated to fully climate‑controlling the warehouse.
- Warehouse access includes one 10' x 12' rear‑loading street‑level door and 16'-18' clear ceiling height.
Local 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 | $93.5k | $45.60 |
| − Vacancy | −$21.0k | −$10.26 |
| EGI | $72.4k | $35.34 |
| − OpEx | −$18.1k | −$8.84 |
| NOI | $54.3k | $26.51 |
Alternative Uses
Property Analytics
Current Use by Public Records
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