20157 NE 16th Pl Miami, FL 33179
7,244 SF flex-office condo available near I-95.
Property Features for 20157 NE 16th Pl
General Information
- Standard status
- Active
- Size
- 7,244 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing office Berger Commercial Realty
Listing date Oct 1, 2024
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 Berger Commercial Realty
Investment Insights
Based on property information with market context.
Key Highlights
- 7,244 SF flex‑office condo, potentially expandable to 8,754 SF with adjacent unit
- Located within Ives Dairy Commerce Center at I‑95 & Ives Dairy Road
- Minutes to Aventura, Sunny Isles, Hollywood, FLL International Airport
Local 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 | $146.0k | $20.16 |
| − Vacancy | −$7.0k | −$0.97 |
| EGI | $139.0k | $19.19 |
| − OpEx | −$20.9k | −$2.88 |
| NOI | $118.2k | $16.31 |
Alternative Uses
Property Analytics
Current Use by Public Records
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