16155 SW 117th Ave # 15 Miami, FL 33177
Two-story flex space with office and warehouse areas.
Property Features for 16155 SW 117th Ave # 15
General Information
- Standard status
- Active
- Size
- 3,050 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing office Compass Florida LLC (786) 399-9278
Listing date Jan 14, 2026
Source Crexi
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.
Key Highlights
- Strategic location: close to FL Turnpike, main highways, and Tamiami Executive Airport.
- Flexible office/warehouse space suitable for multiple business types.
- Spacious 3,050 sqft layout with 9 office areas, conference room, reception, lunchroom, and warehouse.
Local Financial Insights For Warehouse
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 | $49.8k | $16.32 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $47.0k | $15.42 |
| − OpEx | −$7.1k | −$2.31 |
| NOI | $40.0k | $13.11 |
Alternative Uses
Property Analytics
Current Use by Public Records
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