Two-Story Flex Industrial
A13-16115 Sw 117th Ave Miami, FL 33183
A13-16115 Sw 117th Ave, Miami, FL, 33183
$780,000
For Sale
$780,000
A 2,050 SF two-story flex industrial condo with professional office finishes and a rear-loading street-level door.
Property Size2,050 SF
Price / SF$380.49
Days on Market66
Property Features for A13-16115 Sw 117th Ave
General Information
- Standard status
- Active
- Size
- 2,050 SF
Listing agency
The Canero Group
(305) 588-1826
Listed by
Maria P Bolanos · License #3278607
(305) 588-1826
Source
Exprealty
Added: May 18 Updated: Jul 22 at 12:31AM Checked: Jul 22 at 12:31AM
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 The Canero Group
Investment Insights
Based on property information with market context.
This two-story flex-space industrial condominium offers a total of 2,050 SF within the South Dade Business Centre. Built in 1989, the unit is described as “Class B” CBS construction and includes professional office finishes alongside polished concrete floors in the warehouse area. A newly remodeled modern bathroom supports the office component of the space. The logistics are designed around a single 10’ x 12’ rear-loading, street-level door and a high clear ceiling height of 16’–18’. The property is zoned I-UC (Industrial District Conditional, Miami-Dade County) and is independently metered for electricity, water, and sewer.
Within the business park setting, the monthly association fee of $330 covers exterior maintenance, building insurance, management, and capital reserves. Parking is available on a first-come, first-served basis, and additional guest parking is provided. Association approval is required for residency.
Within the business park setting, the monthly association fee of $330 covers exterior maintenance, building insurance, management, and capital reserves. Parking is available on a first-come, first-served basis, and additional guest parking is provided. Association approval is required for residency.
Key Highlights
- 2,050 SF two‑story flex‑space industrial condominium built in 1989
- Class B CBS construction with professional office finishes and a newly remodeled modern bathroom
- Warehouse includes polished concrete floors, with high clear ceiling height of 16'-18'
Local Financial Insights For Office B
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 | $92.3k | $45.00 |
| − Vacancy | −$13.8k | −$6.75 |
| EGI | $78.4k | $38.25 |
| − OpEx | −$19.6k | −$9.56 |
| NOI | $58.8k | $28.69 |
2,050 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$840.1K
$735.1K – $980.2K
NOI $58,809 @ 7.0% cap · market cap 7.54%
Second Best
Warehouse
$477.8K
$418.0K – $557.4K
NOI $33,443 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,863 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Catering Chef Conny — 6401 SW 116th Ct APT G, Miami, FL 33173
- Maestros De Ceremonia — 6746 sw 115th ct suite 216, miami, fl 33173
FAQs
What type of property is this?
Flex space - A 2,050 SF two-story flex industrial condo with professional office finishes and a rear-loading street-level door.
Where is this flex space located?
The property is located at A13-16115 Sw 117th Ave Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 2,050 SF two‑story flex‑space industrial condominium built in 1989; Class B CBS construction with professional office finishes and a newly remodeled modern bathroom; Warehouse includes polished concrete floors, with high clear ceiling height of 16'-18'
