Industrial Flex Office/Warehouse
16155 SW 117th Ave B2 Miami, FL 33177
16155 SW 117th Ave B2, Miami, FL, 33177
$1,078,000
For Sale
$1,078,000
Two-story flex condo unit with built-in fire alarm, 10x12 rear loading door, and 16' clear ceiling height.
Property Size2,800 SF
Price / SF$385
Days on Market85
Property Features for 16155 SW 117th Ave B2
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing agency
The Katsikos Group, Inc.
(305) 776-2166
Listed by
Jorge Davila · License #0678410
(305) 776-2166
Source
Elliman
Added: Apr 29 Updated: Jul 22 at 1:09AM Checked: Jul 22 at 1:09AM
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 Katsikos Group, Inc.
Investment Insights
Based on property information with market context.
Industrial “Class B” flex office/warehouse condo unit B2 is presented in great condition. The two-story CBS construction includes built-up roofing over concrete slab panels and an integrated fire alarm system. Interior configuration provides office space on the first and second floors, with an additional warehouse/storage area. The office features ceramic tile with wood trimmings, while the warehouse area has polished concrete floors.
Unit B2 includes a single 10 x 12 rear loading street-level door and impact glass windows and doors. The facility provides 16' clear ceiling height.
This unit is located within the South Dade Business Centre condo. Zoning is listed as I-UC, Industrial District Conditional (Miami-Dade County).
Unit B2 includes a single 10 x 12 rear loading street-level door and impact glass windows and doors. The facility provides 16' clear ceiling height.
This unit is located within the South Dade Business Centre condo. Zoning is listed as I-UC, Industrial District Conditional (Miami-Dade County).
Key Highlights
- Class B flex office/warehouse condo unit built in 1989 within South Dade Business Centre Condo
- 2,800 total SF: 1,800 SF office over two floors plus 1,000 SF warehouse/storage
- Rear loading street‑level door (10' x 12') for warehouse access
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 | $127.7k | $45.60 |
| − Vacancy | −$28.7k | −$10.26 |
| EGI | $99.0k | $35.34 |
| − OpEx | −$24.7k | −$8.84 |
| NOI | $74.2k | $26.51 |
2,800 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.06M
$927.7K – $1.24M
NOI $74,214 @ 7.0% cap · market cap 6.88%
Second Best
Warehouse
$524.4K
$458.8K – $611.8K
NOI $36,705 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,439 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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 Equipment Manufacturer
Similar For Sale Nearby
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 condo unit with built-in fire alarm, 10x12 rear loading door, and 16' clear ceiling height.
Where is this flex space located?
The property is located at 16155 SW 117th Ave B2 Miami, FL.
What is the asking price?
The asking price for this property is $1,078,000.
What are key features of this property?
This property features: Class B flex office/warehouse condo unit built in 1989 within South Dade Business Centre Condo; 2,800 total SF: 1,800 SF office over two floors plus 1,000 SF warehouse/storage; Rear loading street‑level door (10' x 12') for warehouse access
