20157 NE 16Th Pl Miami, FL 33179
For Sale
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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.
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Palm Optical Ophthalmologist (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FLMiami. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.