Two-Story Flex Warehouse
B21-16155 Sw 117th Ave Miami, FL 33183
B21-16155 Sw 117th Ave, Miami, FL, 33183
$750,000
For Sale
$750,000
Two adjacent office/flex units with rear street-level overhead doors, 18-foot clear ceilings, and dedicated parking.
Property Size4,100 SF
Price / SF$182.93
Days on Market42
Property Features for B21-16155 Sw 117th Ave
General Information
- Standard status
- Active
- Size
- 4,100 SF
Listing agency
Fairchild Partners, Inc.
(305) 606-2097
Listed by
Floriberto Antonio Puente
(305) 606-2097
Source
Exprealty
Added: Jun 11 Updated: Jul 22 at 3:17AM Checked: Jul 22 at 3:17AM
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.
Investment Insights
Based on property information with market context.
Located at 16155 SW 117th Ave, this two-story flex condominium offers a flexible office-and-warehouse configuration with two adjacent units that can be sold together or separately. The property is currently operating as one occupant with a pass-through area that can be closed. Each unit features a glass front door and a rear large street-level overhead door, with warehouse/loading areas offering 18-foot clear ceilings.
The units are center line and are part of the South Dade Business Center, a larger corporate business park. Parking is available in front of the units and throughout the park, including four dedicated spaces. The site is right off the Turnpike, providing easy highway access, and is close to Miami Executive Airport.
Zoned I-UC (Industrial Conditional) by Dade County, the property is designed to support office, warehouse, flex, or light industrial use. Additional features include grade-level loading doors and 3-phase electrical service.
The units are center line and are part of the South Dade Business Center, a larger corporate business park. Parking is available in front of the units and throughout the park, including four dedicated spaces. The site is right off the Turnpike, providing easy highway access, and is close to Miami Executive Airport.
Zoned I-UC (Industrial Conditional) by Dade County, the property is designed to support office, warehouse, flex, or light industrial use. Additional features include grade-level loading doors and 3-phase electrical service.
Key Highlights
- 2 adjacent office/flex units for a combined 4,100 SF (2,050 SF each), with the option to sell together or separately
- Rear street‑level overhead doors plus front glass entry doors for both units, supporting office and warehouse/flex use
- Warehouse/loading areas feature 18‑foot clear ceilings and grade‑level loading doors
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 | $82.7k | $20.16 |
| − Vacancy | −$4.0k | −$0.97 |
| EGI | $78.7k | $19.19 |
| − OpEx | −$11.8k | −$2.88 |
| NOI | $66.9k | $16.31 |
4,100 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,619 @ 7.0% cap · market cap 15.68%
Second Best
Warehouse
$955.5K
$836.1K – $1.11M
NOI $66,885 @ 7.0% cap · market cap 8.92%
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,727 @ 7.0% cap · market cap 25.83%
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 - Two adjacent office/flex units with rear street-level overhead doors, 18-foot clear ceilings, and dedicated parking.
Where is this flex space located?
The property is located at B21-16155 Sw 117th Ave Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2 adjacent office/flex units for a combined 4,100 SF (2,050 SF each), with the option to sell together or separately; Rear street‑level overhead doors plus front glass entry doors for both units, supporting office and warehouse/flex use; Warehouse/loading areas feature 18‑foot clear ceilings and grade‑level loading doors
