Medical Office
12550 Biscayne Blvd 403, North Miami, FL 33181
For Sale
New
$1,000,000
The suite combines private offices, an open work area, a reception zone, and a kitchen.
Property Size1,629 SF
Price / SF$613.87
Days on Market1
Property Features for 12550 Biscayne Blvd 403
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Utilities to Site
Additional Details
Condition
Business Included
Currently Operating
Property Use
Medical Specialty
Amenities
1629
Building Details
Building Size
Year Built
Listing Agency:
Lifestyle International Realty
(305) 882-9035
Listed By:
Karen Trivino
Source:
Pinirealty
Added: Nov 7
Last Checked: Nov 7 at 5:54AM
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 Lifestyle International Realty
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Investment Insights
Based on property information with market context.
This 1,629-square-foot medical office suite includes a lobby and front desk area, kitchen with sink, enclosed offices, open space for cubicles, and a separate server or filing room. The property was built in 1972 and has been remodeled. Four parking spaces are assigned to the suite, with valet and self-parking also available on the building’s third floor.
At 12550 Biscayne Blvd in North Miami, the office is on a corner lot. Association services include electricity, HVAC, water, and weekday janitorial service. The physical therapy practice and its equipment may also be acquired with the property; the practice has an active patient database of 120.
At 12550 Biscayne Blvd in North Miami, the office is on a corner lot. Association services include electricity, HVAC, water, and weekday janitorial service. The physical therapy practice and its equipment may also be acquired with the property; the practice has an active patient database of 120.
Key Highlights
- 1,629‑square‑foot medical office suite
- Includes lobby, front desk area, kitchen, enclosed offices, cubicle area, and server or filing room
- Four assigned parking spaces, plus valet or self‑parking on the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,177
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,540
$863.5K
Cap Rate 7%
$616,814
$616.8K
Cap Rate 9%
$479,744
$479.7K
Market Conditions
NOI Build-Up for 1,629 SF
Gross rent
$74.3K $45.60/SF
− Vacancy
−$16.7K −$10.26/SF
EGI
$57.6K $35.34/SF
− OpEx
−$14.4K −$8.84/SF
NOI
$43.2K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,540
Cap Rate 7%
$616,814
Cap Rate 9%
$479,744
Alternative Uses
Best Use
Office B
$616.8K
$539.7K – $719.6K
NOI $43,177 @ 7.0% cap · market cap 4.32%
Second Best
Healthcare Medical
$306.6K
$268.3K – $357.7K
NOI $21,464 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$826.5K
$723.2K – $964.2K
NOI $57,852 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33181, FL
20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Miami-Dade County, FL
Properties on Market for Medical Office Space in Miami-Dade County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- GOPET Hospital — 12870 Biscayne Blvd, North Miami, FL 33181
- Margarita Davila DVM — 2043 NE 140th St, North Miami Beach, FL 33181
- Crespo Melissa DVM — 2043 NE 140th St, North Miami Beach, FL 33181
- Petco Vaccination Clinic — 14601 Biscayne Blvd, North Miami Beach, FL 33181
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite combines private offices, an open work area, a reception zone, and a kitchen.
Where is this medical office space located?
The property is located at 12550 Biscayne Blvd 403 North Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1,629‑square‑foot medical office suite; Includes lobby, front desk area, kitchen, enclosed offices, cubicle area, and server or filing room; Four assigned parking spaces, plus valet or self‑parking on the third floor
