Air-Conditioned Flex
20149 NE 16th Pl #20149, Miami, FL 33179
For Sale
$550,000
A second-story office, full-building air conditioning, and a grade-level door serve the property's flex layout.
Property Size1,510 SF
Price / SF$364.24
Days on Market8
Property Features for 20149 NE 16th Pl #20149
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Conditioned Warehouse
Additional Details
Highway Access
Property Use
Amenities
Commercial Park
Parcel Number: 30-12-32-026-0130, Public Survey Range: 12, Public Survey Section: 32, Public Survey Township: 12, Annual Amount: $4,487, Legal Description: IVES DAIRY COMMERCE CENTER CONDO UNIT 20149 UNDIV 1.746649 INT IN COMMON ELEMENTS OFF REC 14328-402 OR 14793-0878 1190 1, Year: 2025, Zoning: 7300
Listing ID: A12120366, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, On market as of 2026-11-07, 4 days on market, Special Conditions: Sale
Built in 1989, Living area: 1510, Living area units: Square Feet, 2 stories
County/Parish: Miami-Dade County
Leasable area units: Square Feet
1 units in community
Association Fee: $419, Fee Frequency: Monthly
Building Details
Year Built
Listing Agency:
RISE Realty
Listed By:
Keith Alan Darby · License FL #3085829
(305) 720-7925
Source:
Riserealty
Added: Nov 7
Changed: Nov 13
Last Checked: Nov 12 at 6:03AM
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 RISE Realty
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Investment Insights
Based on property information with market context.
This 1,510-square-foot flex condominium at Ives Dairy Commerce Center includes approximately 450 square feet of second-story office space. The unit has 21.5-foot clear height, full air conditioning, recently replaced HVAC, and a 10-by-10-foot grade-level door.
Located just off I-95 near Ives Dairy Road, the property is minutes from Aventura, Hollywood, and Fort Lauderdale-Hollywood International Airport.
Located just off I-95 near Ives Dairy Road, the property is minutes from Aventura, Hollywood, and Fort Lauderdale-Hollywood International Airport.
Key Highlights
- 1,510‑square‑foot flex condominium
- Approximately 450 square feet of second‑story office space
- 21.5‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,633
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,660
$492.7K
Cap Rate 7%
$351,900
$351.9K
Cap Rate 9%
$273,700
$273.7K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$30.4K $20.16/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$29.0K $19.19/SF
− OpEx
−$4.3K −$2.88/SF
NOI
$24.6K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,660
Cap Rate 7%
$351,900
Cap Rate 9%
$273,700
Alternative Uses
Best Use
Warehouse
$351.9K
$307.9K – $410.6K
NOI $24,633 @ 7.0% cap · market cap 4.48%
Second Best
Flex RnD
$316.3K
$276.8K – $369.1K
NOI $22,143 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$1.02M
$891.9K – $1.19M
NOI $71,348 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33179, FL
48,088
Population
21,249
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
9,618
Density / Sq Mi
$61,526
Median Household Income
$37,555
Median Earnings
$1,736
Median Rent
$281,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - A second-story office, full-building air conditioning, and a grade-level door serve the property's flex layout.
Where is this flex space located?
The property is located at 20149 NE 16th Pl #20149 Miami, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,510‑square‑foot flex condominium; Approximately 450 square feet of second‑story office space; 21.5‑foot clear height
