Two-Story Office
New
For Sale
$670,000
16155 SW 117th Ave # B24, Miami, FL 33177
The vacant suite has five private offices, a reception area, a conference room, and storage.
Property Size1,800 SF
Days on Market4
Property Features for 16155 SW 117th Ave # B24
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,106
Building Details
Building Size
1,800 SF
Year Built
1989
Stories
2
Listing Agency:
GG International Realty
Listed By:
Gysenia Gonzalez · License #3064707
(786) 344-8524
Source:
Miamibrokersgroup
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 11:17AM
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 GG International Realty
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Investment Insights
Based on property information with market context.
This two-level office condominium at South Dade Business Centre was built in 1989. Its interior includes a reception area, five private offices, a conference room, and storage. The unit is vacant and available for occupancy, with the existing office layout already in place.
Located at 16155 SW 117th Avenue in Miami, the property is near major highways, providing access across Miami-Dade County. The condominium’s two-story configuration and combination of private work areas, meeting space, and reception functions define the available layout.
Located at 16155 SW 117th Avenue in Miami, the property is near major highways, providing access across Miami-Dade County. The condominium’s two-story configuration and combination of private work areas, meeting space, and reception functions define the available layout.
Key Highlights
- Five private offices, plus a reception area
- Dedicated conference room and storage
- Two‑story office condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,709
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,180
$954.2K
Cap Rate 7%
$681,557
$681.6K
Cap Rate 9%
$530,100
$530.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$82.1K $45.60/SF
− Vacancy
−$18.5K −$10.26/SF
EGI
$63.6K $35.34/SF
− OpEx
−$15.9K −$8.84/SF
NOI
$47.7K $26.51/SF
Area
ZIP 33177
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,180
Cap Rate 7%
$681,557
Cap Rate 9%
$530,100
Alternative Uses
Best Use
Office B
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,925 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 33177, FL
56,331
Population
17,124
Households
3.3
Avg Household Size
41
Median Age
23%
College-Educated
84%
High-School Grad
12.6 sq mi
ZIP Area
4,471
Density / Sq Mi
$77,297
Median Household Income
$36,347
Median Earnings
$2,080
Median Rent
$399,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The vacant suite has five private offices, a reception area, a conference room, and storage.
Where is this office unit located?
The property is located at 16155 SW 117th Ave # B24 Miami, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Five private offices, plus a reception area; Dedicated conference room and storage; Two‑story office condominium
