High-Exposure Flex Industrial/Retail
16355 NW 27th Ave, Miami Gardens, FL 33054
Versatile property with industrial functionality and strong retail component.
Type:Commercial
Property size:
8,000 SFLot size:
0.56 AcresPrice / SF:
$262/SF- Added:
- Apr 1, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 1 at 4:33 am
Property Features for 16355 NW 27th Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.56 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agent Darious White License #3508013 (305) 747-0260
Listing office Trustpoint realty llc (305) 747-0260
Listing date Apr 1, 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 Trustpoint realty llc
HighLights
- High‑exposure location on NW 27th Ave with 75,000–100,000+ vehicles passing daily.
- Anchored by Cricket Wireless, providing immediate in‑place income and tenant stability.
- Versatile 8,000 SF flex industrial/retail building on over 0.56 acres with grade‑level doors and 20’ ceilings.
- Excess land ideal for outdoor storage, fleet use, or future expansion.
- Strategic location with immediate access to I‑95 and the Florida Turnpike.
- Located in a densely populated area with over 500,000 residents within a 5‑mile radius.
Overview
This flex industrial/retail asset is positioned on a signalized corner along NW 27th Ave, a corridor with a high traffic volume. The property combines industrial functionality with a retail component, anchored by Cricket Wireless. The 8,000 square foot building sits on over 0.56 acres and features grade-level doors and 20-foot ceilings. Excess land is available for outdoor storage, fleet use, or future expansion. The flexible configuration is suited for automotive, contractor, logistics, or service-based owner-users. The property has access to I-95 and the Florida Turnpike and is surrounded by a dense residential population. The location benefits from consumer demand and traffic flow. The property allows a new owner to increase rents, occupy the space, or reposition the asset to maximize returns. The bike score is 52, making it bikeable. The walk score is 51, indicating it is somewhat walkable. The transit score is 34, suggesting some transit options are available.
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 | $146.9k | $18.36 |
| − Vacancy | −$8.1k | −$1.01 |
| EGI | $138.8k | $17.35 |
| − OpEx | −$20.8k | −$2.60 |
| NOI | $118.0k | $14.75 |
8,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.69M
$1.47M – $1.97M
NOI $117,981 @ 7.0% cap · market cap 5.62%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,581 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,720 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Miami Gardens
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.243968
- Latitude
- 25.923834
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Versatile property with industrial functionality and strong retail component.
Where is this flex space located?
The property is located at 16355 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High‑exposure location on NW 27th Ave with 75,000–100,000+ vehicles passing daily.; Anchored by Cricket Wireless, providing immediate in‑place income and tenant stability.; Versatile 8,000 SF flex industrial/retail building on over 0.56 acres with grade‑level doors and 20’ ceilings.
