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Property profile & analytics
FOR SALE
Manufacturing properties

20157 NE 16Th Pl Miami, FL 33179

7,244 SF Built 1989
Individually Owned 26-yr Hold Absentee Owner Free & Clear
Property ID
US18-4655419
Property summary
AI-generated overview

This exceptional 7,244 square foot Class B industrial/office condo is available for purchase at $2,400,000. Located in the Ives Dairy Commerce Center at 20157 NE 16th Pl, Miami, FL 33179 (APN 30-1232-026-0140), this two-story property boasts a desirable flex/warehouse subtype and IU-2 zoning. Built in 1989, the building features one drive-in door and is fully air-conditioned. The interior layout includes two executive offices, seven private offices, and four restrooms (two per floor), along with two kitchenettes (one per floor). Currently vacant, this property presents a unique opportunity for immediate occupancy and customization. The spacious layout is ideal for a variety of businesses seeking a blend of office and warehouse space. This offering provides a strong investment opportunity in a thriving Miami location. While offered individually, it's worth noting that an adjacent 1,510 square foot condo is also available for purchase. This presents a potential for expansion or a combined investment strategy. The property's strategic location in Miami-Dade County offers excellent access to major transportation routes and a robust business community. Serious inquiries are encouraged to explore this compelling investment prospect.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1989
Total area 7,244 SF
Zoning code 7300:INDUSTRIAL,HVY MFG
APN 30-1232-026-0140
UPID US18-4655419
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Palm Optical Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.10M
Blend (final) Blend
$2.04M
Owner & transaction history
BRAD N BESNER TRUST
BRAD N BESNER TRUST
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.2M +63.9%
Warehouse, storage $2.2M +11.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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