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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Manufacturing properties
16115 117th Ave Ste A1 Miami, FL 33177-1625
Individually Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1514506
Property summary
AI-generated overview
This exceptional 3,800 square foot office condo is located at 16115 SW 117th Ave #A3 in Miami, Florida, zip code 33177. Situated within the South Dade Business Centre, this single-tenant property offers a highly functional and well-appointed space. The two-story building features a thoughtfully designed layout including a welcoming reception area, several private offices perfect for individual work or team collaboration, a dedicated conference room ideal for meetings and presentations, and a full kitchen for employee convenience. Three private restrooms ensure ample facilities for staff and visitors. Multiple entrances and exits provide convenient access and egress. The property is zoned 7700 and its APN is 30-50-30-019-0030. Ample parking is available, addressing a key concern for employees and clients. This turnkey office space presents a fantastic opportunity for businesses seeking a well-maintained and strategically located commercial property in Miami. The property is a single-suite office within a larger building with a total of one suite. This presents a unique opportunity for a business seeking a self-contained and private office environment.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
1,850 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5030-019-0010
UPID
US18-1514506
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marenco International Trading Department Store
-
Feral Cat Control Garden Center
-
Kwik Kool Air Conditioning Inc Hardware & Home Improvement HVAC Service
-
Charme International Cosmetic Store
-
Unitech Builders Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$505k
Owner & transaction history
BYRON SHARP
BYRON SHARP
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning and Zoning
Top alternative use upside
Medical building
$810,000
+62.6%
Warehouse, storage
$550,000
+10.1%
Neighborhood: shopping center
$525,000
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$500,000
Current use
MEDICAL BUILDING
$810,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$273 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,589
Tax year 2023
Assessed value
$370,000
Assessed 2023
Previous assessed
$212,750
+73.9% YoY
Effective rate
1.24%
On assessed value
Total market value
$370,000
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Heating
NONE
Total area
1,850 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5030-019-0010
UPID
US18-1514506
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FLZoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$500,000
MEDICAL BUILDING
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Current owner
From public records · entity-resolved
BYRON SHARP
Individual
Free & Clear · 0 yrs held
Mailing address
10364 SW 128TH TER, MIAMI, FL 33176-5520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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