Two-Story Flex
B20-16155 Sw 117th Ave, Miami, FL 33177
Two adjacent flex units combining office and warehouse space with grade-level loading and flexible IUC zoning.
Property size:
4,100 SFPrice / SF:
$365/SF- Added:
- May 21, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 3 at 2:05 am
Property Features for B20-16155 Sw 117th Ave
General Information
- Standard status
- Active
- Size
- 4,100 SF
Listing agent Floriberto Puente (305) 606-2097
Listing office Fairchild Partners, Inc. (305) 606-2097
Listing date May 21, 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 Fairchild Partners, Inc.
HighLights
- Two adjacent office/flex units totaling 4,100 SF (2,050 SF each), sold together or separately
- Each unit includes glass front door plus a rear large street‑level overhead door for loading access
- Warehouse/loading area features 18‑foot clear ceilings and grade‑level loading doors
- 3‑phase electrical service available
- IUC zoning (Industrial Conditional) in Miami‑Dade County for office, warehouse, flex, or light industrial use
- Convenient access off the Turnpike at 16155 SW 117 Ave, near Miami Executive Airport
Overview
This two-story flex condominium offers a versatile mix of office and warehouse space within a condominium configuration. The property includes two (2) Office/Flex Units adjacent to each other for a combined 4,100 square feet, with each unit separately metered at 2,050 square feet. The current setup operates as one occupant with a pass-through area that can be closed for independent use. Each unit features a glass front door and a rear large, street-level overhead door, supporting both front office access and practical warehouse loading.
Set within the South Dade Business Center business park, the units are center line and benefit from convenient drive-up access. The address at 16155 SW 117th Ave places the property right off the Turnpike, with easy highway access and proximity to Miami Executive Airport. Dedicated parking is available in front of the units and throughout the corporate business park.
From a tenant and owner perspective, the layout and improvements are well suited for businesses that need both functional warehousing and usable office space. With 18-foot clear ceilings, grade-level loading doors, and 3-phase electrical service, the space can support a range of office, warehouse, flex, and light industrial operations. The IUC Industrial Conditional zoning offers additional flexibility for compatible business models seeking an efficient, adaptable home base.
Set within the South Dade Business Center business park, the units are center line and benefit from convenient drive-up access. The address at 16155 SW 117th Ave places the property right off the Turnpike, with easy highway access and proximity to Miami Executive Airport. Dedicated parking is available in front of the units and throughout the corporate business park.
From a tenant and owner perspective, the layout and improvements are well suited for businesses that need both functional warehousing and usable office space. With 18-foot clear ceilings, grade-level loading doors, and 3-phase electrical service, the space can support a range of office, warehouse, flex, and light industrial operations. The IUC Industrial Conditional zoning offers additional flexibility for compatible business models seeking an efficient, adaptable home base.
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 | $187.0k | $45.60 |
| − Vacancy | −$42.1k | −$10.26 |
| EGI | $144.9k | $35.34 |
| − OpEx | −$36.2k | −$8.84 |
| NOI | $108.7k | $26.51 |
4,100 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,671 @ 7.0% cap · market cap 7.24%
Second Best
Warehouse
$767.8K
$671.8K – $895.8K
NOI $53,747 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,607 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.382834
- Latitude
- 25.707909
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two adjacent flex units combining office and warehouse space with grade-level loading and flexible IUC zoning.
Where is this flex space located?
The property is located at B20-16155 Sw 117th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two adjacent office/flex units totaling 4,100 SF (2,050 SF each), sold together or separately; Each unit includes glass front door plus a rear large street‑level overhead door for loading access; Warehouse/loading area features 18‑foot clear ceilings and grade‑level loading doors
