Versatile Warehouse in Gated
For Sale
$385,000
16225 SW 117th Ave 6, Miami, FL 33177
1,080 SF warehouse with office, A/C, and highway access.
Property Size1,080 SF
Price / SF$356.48
Days on Market204
Property Features for 16225 SW 117th Ave 6
General Information
Standard status
Active
Size
1,080 SF
Building Details
Year Built
2003
Listing Agency:
Miami Brokers Group
Listed By:
Osmany Mena
(305) 357-5550
Source:
Mymiahomes
Added: Apr 1
Changed: Oct 2
Last Checked: Oct 7 at 2:55PM
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 Miami Brokers Group
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Investment Insights
Based on property information with market context.
This 1,080 square-foot warehouse unit is located within a secure, gated complex that offers 24-hour access. The unit features an office, a bathroom, and air conditioning. High ceilings accommodate a variety of light-industrial uses. The property is suitable for contractors, storage, light manufacturing, or general business operations. The location provides highway access and commercial visibility. The property is currently tenant-occupied on a month-to-month basis. Assigned parking is available. The association fee is $175 per month.
Key Highlights
- Versatile 1,080 SF warehouse suitable for various light‑industrial uses.
- Secure, gated complex with 24‑hour access.
- Low $175/month association fee.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,158
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,160
$283.2K
Cap Rate 7%
$202,257
$202.3K
Cap Rate 9%
$157,311
$157.3K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$17.6K $16.32/SF
− Vacancy
−$969 −$0.90/SF
EGI
$16.7K $15.42/SF
− OpEx
−$2.5K −$2.31/SF
NOI
$14.2K $13.11/SF
Area
ZIP 33177
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,160
Cap Rate 7%
$202,257
Cap Rate 9%
$157,311
Alternative Uses
Best Use
Warehouse
$202.3K
$177.0K – $236.0K
NOI $14,158 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.9K
$479.4K – $639.3K
NOI $38,355 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Miami, FL
Similar Off Market Nearby
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- New building — 15983 SW 117th Ave, Miami, FL 33177
- Public Storage — 16001 SW 117th Ave, Miami, FL 33177
Frequently Asked Questions
What type of property is this?
Warehouse - 1,080 SF warehouse with office, A/C, and highway access.
Where is this warehouse located?
The property is located at 16225 SW 117th Ave 6 Miami, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Versatile 1,080 SF warehouse suitable for various light‑industrial uses.; Secure, gated complex with 24‑hour access.; Low $175/month association fee.
