Light Industrial Warehouse with
6-16225 Sw 117th Ave Miami, FL 33183
For Sale
$385,000
Gated 1,080 SF warehouse includes office, bathroom, A/C, high ceilings, and two assigned parking spaces.
Property Size1,080 SF
Price / SF$356.48
Days on Market116
Property Features for 6-16225 Sw 117th Ave
General Information
- Standard status
- Active
- Size
- 1,080 SF
Listing Agency:
Miami Brokers Group
(305) 282-2108
Listed By:
Osmany Mena
(305) 282-2108
Source:
Exprealty
Added: Mar 31
Changed: Jul 22
Last Checked: Jul 23 at 1:25PM
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 Miami Brokers Group
Investment Insights
Based on property information with market context.
This 1,080 SF warehouse is located within a secure, gated complex with 24-hour access and overnight parking. The unit includes an office and bathroom, along with A/C and high ceilings designed to support most light-industrial uses.
The property offers highway access and commercial visibility. It includes two assigned parking spaces and is currently tenant occupied on a month-to-month basis.
The space is well-maintained and versatile for contractors, storage, light manufacturing, or other business operations within a low association fee structure.
The property offers highway access and commercial visibility. It includes two assigned parking spaces and is currently tenant occupied on a month-to-month basis.
The space is well-maintained and versatile for contractors, storage, light manufacturing, or other business operations within a low association fee structure.
Key Highlights
- 1,080 SF warehouse in a secure gated complex with 24‑hour access
- Includes an office, bathroom, A/C, and high ceilings suitable for light‑industrial uses
- Two assigned parking spaces plus overnight parking
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 | $21.8k | $20.16 |
| − Vacancy | −$1.0k | −$0.97 |
| EGI | $20.7k | $19.19 |
| − OpEx | −$3.1k | −$2.88 |
| NOI | $17.6k | $16.31 |
1,080 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$251.7K
$220.2K – $293.7K
NOI $17,619 @ 7.0% cap · market cap 4.58%
Second Best
Flex RnD
$226.2K
$198.0K – $264.0K
NOI $15,837 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$729.0K
$637.9K – $850.5K
NOI $51,030 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Warehouse - Gated 1,080 SF warehouse includes office, bathroom, A/C, high ceilings, and two assigned parking spaces.
Where is this warehouse located?
The property is located at 6-16225 Sw 117th Ave Miami, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,080 SF warehouse in a secure gated complex with 24‑hour access; Includes an office, bathroom, A/C, and high ceilings suitable for light‑industrial uses; Two assigned parking spaces plus overnight parking
