Fully Operational Physical Therapy
11430 SW 88th ST Miami, FL 33176
New
For Sale
$295,500
Remodeled medical office condo with lobby, front desk, offices, and open server/filing space, plus free parking.
Property Size945 SF
Price / SF$312.70
Days on Market4
Property Features for 11430 SW 88th ST
General Information
- Standard status
- Active
- Size
- 945 SF
- Property subtype
- Commercial
Listing Agency:
UNITED REAL ESTATE MIAMI
(305) 273-9000
Listed By:
ANDRES DIAZ · License #A12056790
Source:
Corcoran
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 4:37AM
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 UNITED REAL ESTATE MIAMI
Investment Insights
Based on property information with market context.
This fully operational physical therapy business opportunity is located in a medical office condo. The suite is approximately 945 square feet and is arranged with a lobby, front desk area, two closed offices, and an open server/filing room. The property is described as fully remodeled and well maintained.
The suite includes free parking spaces and is positioned in North Kendall, Miami. It is presented for purchase as an owner-user or investment opportunity for the ongoing practice.
The space is built to support day-to-day administrative and clinical operations, with a defined entry and reception area, private offices, and additional open work/storage space for servers and filing.
The suite includes free parking spaces and is positioned in North Kendall, Miami. It is presented for purchase as an owner-user or investment opportunity for the ongoing practice.
The space is built to support day-to-day administrative and clinical operations, with a defined entry and reception area, private offices, and additional open work/storage space for servers and filing.
Key Highlights
- Fully operational physical therapy business available for sale
- Remodeled medical office condo suite totaling 945 SF
- Suite layout includes lobby, front desk area, 2 closed offices, and open server/filing room
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 | $42.5k | $45.00 |
| − Vacancy | −$6.4k | −$6.75 |
| EGI | $36.1k | $38.25 |
| − OpEx | −$9.0k | −$9.56 |
| NOI | $27.1k | $28.69 |
945 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.3K
$338.9K – $451.8K
NOI $27,110 @ 7.0% cap · market cap 9.17%
Second Best
Healthcare Medical
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$637.9K
$558.2K – $744.2K
NOI $44,652 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nathan Losada
Real Estate Agency
Similar Off Market Nearby
- Crossroads Animal Hospital — 11622 N Kendall Dr, Miami, FL 33176
- Veterinary Medical Center — 11774 SW 88th St, Miami, FL 33186
- Veterinary Associates of South Florida — 11774 SW 88th St, Miami, FL 33186
- Pou Veterinary Group — 11549 N Kendall Dr, Miami, FL 33176
- Colker Deborah A DVM — 10521 N Kendall Dr # E101, Miami, FL 33176, United States
FAQs
What type of property is this?
Medical Office Space - Remodeled medical office condo with lobby, front desk, offices, and open server/filing space, plus free parking.
Where is this medical office space located?
The property is located at 11430 SW 88th ST Miami, FL.
What is the asking price?
The asking price for this property is $295,500.
What are key features of this property?
This property features: Fully operational physical therapy business available for sale; Remodeled medical office condo suite totaling 945 SF; Suite layout includes lobby, front desk area, 2 closed offices, and open server/filing room
