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Industrial Flex Office/Warehouse Condo

B2-16155 Sw 117th Ave Miami, FL 33183

B2-16155 Sw 117th Ave, Miami, FL, 33183

$1,078,000

For Sale

$1,078,000

Class B condo unit with office and warehouse space.

Property Size2,800 SF

Price / SF$385

AddedMay 22

Days on Market56

Last RefreshJul 15 at 9:57 am

Property Features for B2-16155 Sw 117th Ave

General Information

Standard status: Active
Size: 2,800 SF

Listing office The Katsikos Group, Inc.

Listing date May 22, 2026

Source Exprealty

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 Katsikos Group, Inc.

Investment Insights

Based on property information with market context.

This is a Class B industrial flex office/warehouse condo unit in great condition, located within the South Dade Business Centre Condo. Constructed in 1989, the two-story CBS building features built-up roofing over concrete slab panels and an integrated fire alarm system. The unit offers a total of 2,800 square feet, including 1,800 square feet of office space spread across the first and second floors, and 1,000 square feet of warehouse/storage area. The office area is finished with ceramic tile and wood trimmings, while the warehouse area has polished concrete floors. The unit includes one 10 x 12 rear loading street level door, CBS construction, and impact glass windows and doors. It features a 16' clear ceiling height. The property is zoned I-UC, Industrial District Conditional (Miami-Dade County).

Key Highlights

1,800 SF of Office Space & 1,000 SF of Warehouse/Storage
Impact Glass Windows and Doors
Benefit from the 16' Clear Ceiling Height

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.4k	$20.16
− Vacancy	−$2.7k	−$0.97
EGI	$53.7k	$19.19
− OpEx	−$8.1k	−$2.88
NOI	$45.7k	$16.31

2,800 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$652.5K

$571.0K – $761.3K (±1% cap)

NOI $45,678 @ 7.0% cap · market cap 4.24%

Second Best

Flex RnD

$586.6K

$513.2K – $684.3K (±1% cap)

NOI $41,059 @ 7.0% cap · market cap 3.81%

Theoretical Best

Specialty Retail

$1.89M

$1.65M – $2.21M (±1% cap)

NOI $132,301 @ 7.0% cap · market cap 12.27%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
FL
Miami
33183
B2-16155 Sw 117th Ave

What type of property is this?

Flex space - Class B condo unit with office and warehouse space.

Where is this flex space located?

The property is located at B2-16155 Sw 117th Ave Miami, FL.

What is the asking price?

The asking price for this property is $1,078,000.

What are key features of this property?

This property features: 1,800 SF of Office Space & 1,000 SF of Warehouse/Storage; Impact Glass Windows and Doors; Benefit from the 16' Clear Ceiling Height