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    Upgraded Warehouse and Office Space Title is generated by Realmo AI

    20129 NE 16th Pl, Miami, FL 33179

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    Warehouse and office space available for purchase.

    Type:Land
    Property size:
    2,000 SF
    Price / SF:
    $335/SF
    Added:
    Jun 14, 2025
    Days on Market:
    381
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 20129 NE 16th Pl

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Land

    Building Details

    Year Built
    1989

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    David Gutierrez

    Listing office Marlin Realty Inc

    Listing date Jun 14, 2025

    Source Crexi

    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 Marlin Realty Inc

    HighLights

    • Upgraded warehouse and office space, ready for your business needs.
    • Owner financing available, making ownership easier.
    • Built in 1989.
    • Equal Housing Opportunity.

    Overview

    This property features upgraded warehouse and office space. The property offers potential for various commercial uses. The property size is 2000 square feet.

    Local Financial Insights For Office B

    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 $90.0k $45.00
    − Vacancy −$13.5k −$6.75
    EGI $76.5k $38.25
    − OpEx −$19.1k −$9.56
    NOI $57.4k $28.69
    2,000 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $819.6K
    $717.2K – $956.3K (±1% cap)
    NOI $57,375 @ 7.0% cap · market cap 8.56%
    Second Best
    Warehouse
    $466.1K
    $407.8K – $543.8K (±1% cap)
    NOI $32,627 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Specialty Retail
    $1.35M
    $1.18M – $1.58M (±1% cap)
    NOI $94,501 @ 7.0% cap · market cap 14.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    B-ECOCLEAN INC. (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.168839
    Latitude
    25.962936

    FAQs

    What type of property is this?
    Warehouse - Warehouse and office space available for purchase.
    Where is this warehouse located?
    The property is located at 20129 NE 16th Pl Miami, FL.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: Upgraded warehouse and office space, ready for your business needs.; Owner financing available, making ownership easier.; Built in 1989.
    (786) 897-7482 Call to check price and availability
    More about this property
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