Warehouse with Office
16723 SW 117th Ave 6F, Miami, FL 33177
For Sale
Contact for pricing
An office component adds workspace within this warehouse property.
Property Size1,400 SF
Days on Market48
Property Features for 16723 SW 117th Ave 6F
General Information
Standard status
Size
Property subtype
Additional Details
Clear Height
Building Details
Building Size
Year Built
Listing Agency:
Jasal Int'l Realty
Listed By:
Vincenzo Gugliotta Cassia · License FL A11944356
(305) 773-3635
Source:
Elliman
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 12 at 8:33AM
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 Jasal Int'l Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this warehouse includes office space and a 20-foot clear ceiling height. The configuration combines warehouse and office areas in one property.
The property is on SW 117th Ave in Miami, with access to the Turnpike and 826.
The property is on SW 117th Ave in Miami, with access to the Turnpike and 826.
Key Highlights
- 20‑foot clear ceiling height
- Warehouse includes office space
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,353
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,060
$367.1K
Cap Rate 7%
$262,186
$262.2K
Cap Rate 9%
$203,922
$203.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.8K $16.32/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$21.6K $15.42/SF
− OpEx
−$3.2K −$2.31/SF
NOI
$18.4K $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%
$367,060
Cap Rate 7%
$262,186
Cap Rate 9%
$203,922
Alternative Uses
Best Use
Warehouse
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.3K
$621.5K – $828.7K
NOI $49,720 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
406
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
$399,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - An office component adds workspace within this warehouse property.
Where is this warehouse located?
The property is located at 16723 SW 117th Ave 6F Miami, FL.
What are key features of this property?
This property features: 20‑foot clear ceiling height; Warehouse includes office space; Built in 2006
