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    20157 16Th Pl Miami, FL 33179

    Sponsored
    For Sale
    $2,400,000

    7,244 SF Industrial Condo, Vacant

    Property size:
    7,244 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,244 square foot Class B industrial/office condo is available for purchase at $2,400,000. Located in the Ives Dairy Commerce Center at 20157 NE 16th Pl, Miami, FL 33179 (APN 30-1232-026-0140), this two-story property boasts a desirable flex/warehouse subtype and IU-2 zoning. Built in 1989, the building features one drive-in door and is fully air-conditioned. The interior layout includes two executive offices, seven private offices, and four restrooms (two per floor), along with two kitchenettes (one per floor). Currently vacant, this property presents a unique opportunity for immediate occupancy and customization. The spacious layout is ideal for a variety of businesses seeking a blend of office and warehouse space. This offering provides a strong investment opportunity in a thriving Miami location. While offered individually, it's worth noting that an adjacent 1,510 square foot condo is also available for purchase. This presents a potential for expansion or a combined investment strategy. The property's strategic location in Miami-Dade County offers excellent access to major transportation routes and a robust business community. Serious inquiries are encouraged to explore this compelling investment prospect.

    Property Features for 20157 16Th Pl

    General Information

    Property type
    Distribution properties
    Square Feet
    7,244 SF
    Class
    B

    Building Details

    Year Built
    1989
    Stories
    2

    HighLights

    • 7,244 SF Class B industrial/office condo for sale at $2,400,000.
    • Located at 20157 NE 16th Pl, Miami, FL 33179 (APN 30‑1232‑026‑0140) in the Ives Dairy Commerce Center.
    • Flex/warehouse space with IU‑2 zoning.
    • Built in 1989, featuring one drive‑in door and full air conditioning.
    • Includes two executive offices, seven private offices, four restrooms, and two kitchenettes.
    • Currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palm Optical Optician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.168463125299
    Latitude
    25.961538677838

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    FAQs

    What type of property is this?
    Distribution property - 7,244 SF Industrial Condo, Vacant
    Where is this distribution property located?
    The property is located at 20157 16Th Pl Miami, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 7,244 SF Class B industrial/office condo for sale at $2,400,000.; Located at 20157 NE 16th Pl, Miami, FL 33179 (APN 30-1232-026-0140) in the Ives Dairy Commerce Center.; Flex/warehouse space with IU-2 zoning.
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    20157 16Th Pl Miami, FL 33179
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    Miami, FL 33179
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20157 16Th Pl Miami, FL 33179
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