Flex Office/Warehouse
16155 SW 117th Ave Miami, FL 33177
New
For Sale
$1,195,000
COMMERCIAL - Miami, FL
Property Size3,050 SF
Lot Size0.05 Acres
Price / SF$391.80
Days on Market1
Property Features for 16155 SW 117th Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 30-50-30-019-0420
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- SOUTH DADE BUSINESS CENTRE CONDO UNIT B15 UNDIV 1.852 INT IN COMMON ELEMENTS OFF REC 14258-1080 OR 17234-4186 0696 1
- Tax Annual Amount
- 6158
Building Details
- Year built
- 1989
Listing Agency:
Compass Florida, LLC
(305) 315-2396
Listed By:
Jorge Lopez · License #3247936
(786) 399-9278
Added: Jul 26
Last Checked: Jul 26 at 10:06PM
MLS# A11921205
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story flex property combines office and warehouse space in a single, multi-purpose layout. The entry level includes reception space, an elegant glass conference room, multiple offices, a lunchroom, and two bathrooms, along with a spacious warehouse. Upstairs provides a sitting room, three additional offices, and another large area suitable for flexible use.
The property offers easy warehouse access on the back for loading. Parking includes two assigned spaces plus additional guest parking.
The building is configured with nine separate office areas across both levels and includes warehouse space for operational needs that require both work and storage under one roof.
The property offers easy warehouse access on the back for loading. Parking includes two assigned spaces plus additional guest parking.
The building is configured with nine separate office areas across both levels and includes warehouse space for operational needs that require both work and storage under one roof.
Key Highlights
- 2‑story flex space built in 1989 with 3,050 total SF combining office and warehouse
- Office layout includes reception area, glass conference room, lunchroom, and 2 bathrooms
- Warehouse access at the rear with easy loading for business operations
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 | $139.1k | $45.60 |
| − Vacancy | −$31.3k | −$10.26 |
| EGI | $107.8k | $35.34 |
| − OpEx | −$26.9k | −$8.84 |
| NOI | $80.8k | $26.51 |
3,050 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,840 @ 7.0% cap · market cap 6.76%
Second Best
Warehouse
$571.2K
$499.8K – $666.4K
NOI $39,983 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,318 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MS Technik Egineering ...
Industrial Manufacturer
Cooling Engineering Group ...
Engineering Consultant
M & S
Construction Company
The Cookie Bandit
(Bike/Boat/Book/etc) Store
Andar International
Medical Supply Store
Similar Off Market Nearby
- Nets Girls Catering & Social Club — 14501 Jefferson St, Miami, FL 33176
- Boni's Paella Party — 16155 SW 117th Ave STE B8, Miami, FL 33177
- Delmar Paella — 11101 SW 161st St, Miami, FL 33157
FAQs
What type of property is this?
Flex space - Two-story flex building combines office areas and warehouse space with back loading access and assigned parking.
Where is this flex space located?
The property is located at 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: 2‑story flex space built in 1989 with 3,050 total SF combining office and warehouse; Office layout includes reception area, glass conference room, lunchroom, and 2 bathrooms; Warehouse access at the rear with easy loading for business operations
