Versatile Flex Condominium in
16155 SW 117th Ave B20, Miami, FL 33177
Two-story flex condo with office and warehouse space.
Type:Commercial
Property size:
4,100 SFPrice / SF:
$365/SF- Added:
- May 21, 2026
- Days on Market:
- 10
- Last Refresh:
- May 21 at 4:47 pm
Property Features for 16155 SW 117th Ave B20
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agent Floriberto Puente (305) 606-2097
Listing office (305) 606-2097
Listing date May 21, 2026
Source Elliman
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 Floriberto Puente
HighLights
- Highly accessible Miami location right off the Turnpike with easy access to the highway and close to Miami Executive Airport.
- Versatile flex condominium with a combination of office and warehouse space.
- Two adjacent units totaling 4,100 sf that can be sold together or separately.
- I‑UC Industrial Conditional zoning ideal for office, warehouse, flex, or light industrial use.
- Warehouse/loading areas with 18‑foot clear ceilings and grade‑level loading doors.
- 3‑phase electrical service.
Overview
This two-story flex condominium offers a combination of office and warehouse space in a Miami location. The property consists of two office/flex units adjacent to each other, totaling 4,100 square feet. The units can be sold together or separately and are currently used as one space with a pass-through area that can be closed. Located in the South Dade Business Center, each unit features a glass front door and a rear street-level overhead door. The property includes four dedicated parking spaces, with additional parking available throughout the business park. The location on SW 117th Avenue provides easy access to the Turnpike and proximity to Miami Executive Airport. Zoned I-UC, Industrial Conditional, the property is suitable for office, warehouse, flex, or light industrial use. The warehouse/loading areas feature 18-foot clear ceilings and grade-level loading doors. The property also includes 3-phase electrical service. Potential business uses include office, medical billing, creative agencies, corporate satellite offices, food prep/catering, light manufacturing, logistics, HVAC/plumbing/electrical contractors, and e-commerce inventory operations. The property has a bike score of 34, walk score of 26, and transit score of 32.
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 | $187.0k | $45.60 |
| − Vacancy | −$42.1k | −$10.26 |
| EGI | $144.9k | $35.34 |
| − OpEx | −$36.2k | −$8.84 |
| NOI | $108.7k | $26.51 |
4,100 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,671 @ 7.0% cap · market cap 7.24%
Second Best
Warehouse
$767.8K
$671.8K – $895.8K
NOI $53,747 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,607 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
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 Places 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
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.382029
- Latitude
- 25.623247
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two-story flex condo with office and warehouse space.
Where is this flex space located?
The property is located at 16155 SW 117th Ave B20 Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Highly accessible Miami location right off the Turnpike with easy access to the highway and close to Miami Executive Airport.; Versatile flex condominium with a combination of office and warehouse space.; Two adjacent units totaling 4,100 sf that can be sold together or separately.
