2801 SW 3rd Ave, Miami, FL 33129
Built in 2019 with underground parking and floor-to-ceiling glass, designed for right-by zoning medical uses.
- Added:
- Jul 2, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 4 at 2:09 am
Property Features for 2801 SW 3rd Ave
General Information
- Standard status
- Active
- Size
- 23,231 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing office Premier Properties (305) 790-6125
Listing date Jul 2, 2026
Source Elliman
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 Premier Properties
HighLights
- Freestanding Class A medical office building built in 2019 with CBS construction
- 23,231 SF building with underground parking and floor‑to‑ceiling glass
- Rooftop area and built for right‑by zoning medical uses (medical offices, surgical suites, outpatient procedure centers, dental/oral surgery)
- Over $4M in tenant improvements and medical buildout
- Asking price $10,000,000; $865/SF on net rentable area and $110–$130/SF NNN current Miami Class A medical rates
- Pro forma NOI over $600,000; vacancy reported at 6.1% (historic low)
Overview
Located at 2801 SW 3rd Ave in Miami, the building is configured for medical use under the T6-8O medical office transect referenced in Miami 21. The zoning is described as providing by-right allowance for medical offices, surgical suites, outpatient procedure centers, and dental/oral surgery operations.
For owner-users and healthcare operators, the combination of newer construction, substantial medical improvements, and a site designed around right-by outpatient and surgical use can reduce buildout risk compared with older facilities. Investors evaluating healthcare real estate may also focus on the building’s specialized medical design elements, including the underground parking and high-performance fenestration, which can support ongoing patient-facing operations in a dedicated medical product.
Local 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 | $1.05M | $45.00 |
| − Vacancy | −$156.8k | −$6.75 |
| EGI | $888.6k | $38.25 |
| − OpEx | −$222.1k | −$9.56 |
| NOI | $666.4k | $28.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.200971
- Latitude
- 25.803144
