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Two-Story Office/Warehouse Flex Condo

16155 SW 117th Avenue #B21 Miami, FL 33177

16155 SW 117th Avenue #B21, Miami, FL, 33177
$750,000
For Sale
Claim this Listing
$750,000

Two adjacent flex units combine office space with rear street-level loading for light industrial and logistics users.

Property Size4,100 SF
Price / SF$182.93
AddedJun 12
Days on Market35
Last RefreshJul 15 at 7:57 pm

Property Features for 16155 SW 117th Avenue #B21

General Information

Standard status
Active
Size
4,100 SF

Building Details

Year Built
1989

Listing office Fairchild Partners, Inc.

Listing date Jun 12, 2026

Source Laerrealty

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 Fairchild Partners, Inc.


Investment Insights

Based on property information with market context.

This two-story flex condominium is set up for a combined office and warehouse operation, with two adjacent units currently used together. Each unit offers office/flex space with a pass-through area that can be easily closed, and both units feature a glass front door at the front and a rear, large street-level overhead door for practical day-to-day access. The center line configuration is part of the South Dade Business Center, a larger corporate business park. Loading and warehouse areas provide 18-foot clear ceilings, and the property includes grade-level loading doors and 3-phase electrical service.

Access is designed for tenants who need both customer-facing entry and straightforward deliveries. The units are located at 16155 SW 117th Avenue, right off the Turnpike, with easy highway access. The property is also described as being close to Miami Executive Airport. Parking includes four dedicated spaces in front of the units, with additional parking throughout the business park.

The flexible layout and loading provisions support a range of office, warehouse, and light industrial uses, including companies that may benefit from combining administrative space with operational areas such as logistics, e-commerce inventory activities, HVAC/plumbing/electrical contractors, and light manufacturing or food preparation/catering operations where permitted. This configuration can support single-tenant occupancy or two separate businesses given the option to sell together or separately.

Key Highlights

  • Two adjacent office/flex units totaling 4,100 SF (2,050 SF each), can be sold together or separately
  • Includes office space with pass‑through area that can be closed, currently used as one occupant
  • Rear street‑level overhead doors plus 18‑foot clear ceilings for warehouse/loading use

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 $66.9k $16.32
− Vacancy −$3.7k −$0.90
EGI $63.2k $15.42
− OpEx −$9.5k −$2.31
NOI $53.7k $13.11
4,100 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Office B
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,671 @ 7.0% cap · market cap 14.49%
Second Best
Warehouse
$767.8K
$671.8K – $895.8K (±1% cap)
NOI $53,747 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M (±1% cap)
NOI $145,607 @ 7.0% cap · market cap 19.41%
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

Suggested Use

Real Estate Agency Restaurant Dental Office Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Parts Store Pharmacy Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

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 adjacent flex units combine office space with rear street-level loading for light industrial and logistics users.
Where is this flex space located?
The property is located at 16155 SW 117th Avenue #B21 Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two adjacent office/flex units totaling 4,100 SF (2,050 SF each), can be sold together or separately; Includes office space with pass‑through area that can be closed, currently used as one occupant; Rear street‑level overhead doors plus 18‑foot clear ceilings for warehouse/loading use
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