Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16115 117th Ave Ste A15 Miami, FL 33177-1615

    • Manufacturing properties
    • 2,050 SF
    OFF-MARKET
    Last Sale
    Nov 23, 2021
    $470,000
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    3.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-3325700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marenco International Trading / Store
    • Feral Cat Control / Pest Control Service
    • Kwik Kool Air Conditioning Inc / Air Conditioning Contractor
    • Charme International / Cosmetics Store / Beauty Supply Store
    • Unitech Builders / Construction Company / General Contractor

    Property Details for 16115 117th Ave Ste A15

    Year built
    1989
    Property size
    2,050 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Manufacturing properties
    APN
    30-5030-019-0150
    APU
    3050300190150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $530,000
      Market price range: $328k - $736k
      AI Estimate
      $530,000
      Market price range: $328k - $736k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $555,000
      Current use
      WAREHOUSE, STORAGE
      $610,000
      Change: +10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3807
    Latitude
    25.6189
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,295
    $0.00
    $0.00
    $389,500
    -
    $0.00
    $0.00
    $389,500

    Comparable in this City

    • Value Estimation by Request
      1,035 SF

      16697 117th Ave5c

      MANUFACTURING (LIGHT) • 1,035 SF
      16697 117th Ave5c, Miami, FL 33177-2146
      View Details
    • Value Estimation by Request
      1,080 SF

      16225 117th Ave, Unit 1

      MANUFACTURING (LIGHT) • 1,080 SF
      16225 117th Ave, Miami, FL 33177-1640
      View Details
    • Value Estimation by Request
      1,080 SF

      16205 117th Ave, Unit 28

      MANUFACTURING (LIGHT) • 1,080 SF
      16205 117th Ave, Miami, FL 33177-1635
      View Details
    • Value Estimation
      $530,000
      2,050 SF

      16115 117th Ave Ste A16

      MANUFACTURING (LIGHT) • 2,050 SF
      16115 117th Ave Ste A16, Miami, FL 33177-1642
      View Details
    • Value Estimation
      $530,000
      2,050 SF

      16115 117th Ave Ste A9

      MANUFACTURING (LIGHT) • 2,050 SF
      16115 117th Ave Ste A9, Miami, FL 33177-1614
      View Details
    • Value Estimation by Request
      950 SF

      16115 117th Ave Ste A24

      MANUFACTURING (LIGHT) • 950 SF
      16115 117th Ave Ste A24, Miami, FL 33177-1615
      View Details

    Similar Nearby for Sale

    • $599,000

      Remodeled Warehouse Condo with Retail Zoning

      Remodeled warehouse condo with flexible zoning and successful business opportunity.
      16637 SW 117Th Ave, Miami, FL 33177
      View Details
    • Contact for pricing

      Warehouse in Gated Complex

      Well-located warehouse with high ceilings and a small office.
      16205 SW 117Th Ave, Miami, FL 33177
      View Details
    • $1,195,000
      3,050 SF

      Miami Flex Space Opportunity

      Two-story flex space combining office and warehouse in Miami.
      16155 SW 117Th Ave, Miami, FL 33177
      View Details
    • $1,399,000
      5.00 Acres

      Spacious Agricultural Land in Miami

      5-acre vacant land parcel zoned agricultural in Miami, Florida.
      206 Ave & 139 Ave, Miami, FL 33177
      View Details
    • $5,300,000
      10.87 Acres

      Residential Land in Miami, Florida

      Large residential land parcel available in Miami, Florida.
      181 SW 149Th Ave, Miami, FL 33177
      View Details
    • $300,000

      Established Pharmacy in Miami Plaza

      Fully operational retail pharmacy with growth potential in a busy plaza.
      12382 Quail Roost Dr, Miami, FL 33177
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,035 SF

      Exceptional Warehouse Space Available

      Modern warehouse, ideal for various uses.
      16721 117Th Ave, Quail Heights, FL 33177
      View Details
    • $25 SF/Yr
      1,450 SF

      117th Ave Warehouse For Lease

      1,450 SF Warehouse, Excellent Location
      16615 117Th Ave, Miami, FL 33177
      View Details
    • Contact for pricing
      6,000 SF

      Industrial-Flex Space in Cutler Bay

      Industrial-flex space in South Dade Commercial District, Cutler Bay, FL.
      10655 SW 190Th Ter, Cutler Bay, FL 33177
      View Details
    • $25 SF/Yr
      1,440 SF

      Miami Warehouse For Lease

      1,440 SF Industrial Space, Excellent Location
      16689 117Th Ave, Miami, FL 33177
      View Details
    • $2,295 /Mo

      Office/Warehouse Combination Space For Lease

      Office/warehouse space near Florida Turnpike with renovated office and restroom.
      16215 SW 117Th Ave, Miami, FL 33177
      View Details
    • $2,350 /Mo

      Miami Warehouse with Office

      Warehouse with office and bathroom in a desirable Miami area.
      16215 SW 117Th Ave, Miami, FL 33177
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16115 117th Ave Ste A15
    Miami, FL 33177-1615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.