Warehouse with
For Sale
$795,000
Pending
16300 SW 137th Ave 119, Miami, FL 33177
An open interior, restroom, and elevated mezzanine provide functional space for a business operation.
Property Size2,481 SF
Days on Market8
Property Features for 16300 SW 137th Ave 119
General Information
Standard status
Pending
Size
2,481 SF
Property subtype
Industrial
Building Details
Building Size
2,481 SF
Year Built
2007
Stories
2
Listing Agency:
One Sotheby's International Realty
Listed By:
Jessica Fernandez · License #A11973403
(786) 566-8572
Source:
Elliman
Added: Oct 1
Last Checked: Oct 7 at 12:23PM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 2,481 SF warehouse has an open floor area, a mezzanine, and a bathroom. The building dates to 2007 and has undergone renovation, with a contemporary interior finish. The property is near Tamiami Airport in Miami.
Key Highlights
- 2,481 SF warehouse with open floor area
- Mezzanine and bathroom included
- Renovated interior with contemporary finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,524
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,480
$650.5K
Cap Rate 7%
$464,629
$464.6K
Cap Rate 9%
$361,378
$361.4K
Market Conditions
NOI Build-Up for 2,481 SF
Gross rent
$40.5K $16.32/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$38.3K $15.42/SF
− OpEx
−$5.7K −$2.31/SF
NOI
$32.5K $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%
$650,480
Cap Rate 7%
$464,629
Cap Rate 9%
$361,378
Alternative Uses
Best Use
Warehouse
$464.6K
$406.6K – $542.1K
NOI $32,524 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,110 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - An open interior, restroom, and elevated mezzanine provide functional space for a business operation.
Where is this warehouse located?
The property is located at 16300 SW 137th Ave 119 Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,481 SF warehouse with open floor area; Mezzanine and bathroom included; Renovated interior with contemporary finishes
