Corner Medical Office
For Sale
Contact for pricing
900 W 49th St, Hialeah, FL 33012
Corner office suite faces 49th Street and is leased to a primary care provider under a five-year term.
Property Size2,738 SF
Price / SF$308.62
Days on Market574
Property Features for 900 W 49th St
General Information
Standard status
Active
Size
2,738 SF
Property subtype
OFFICE
Listing Agency:
NAI Miami - Corporate
(305) 938-4000
Listed By:
Robert Eckstein · License #BK618278
(786) 367-3569
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Sep 4
Last Checked: Sep 10 at 12:39PM
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 NAI Miami - Corporate
Investment Insights
Based on property information with market context.
This corner office suite is oriented toward 49th Street and is currently occupied by an established primary care provider. The property benefits from an in-place five-year lease, along with a five-year option.
Located at 900 W 49th St in Hialeah, the suite offers a straightforward, street-facing office setup suitable for medical office occupancy.
The space is offered for sale and includes a total size of 2,738 square feet, providing dedicated room for a professional medical practice within the existing leased configuration.
Located at 900 W 49th St in Hialeah, the suite offers a straightforward, street-facing office setup suitable for medical office occupancy.
The space is offered for sale and includes a total size of 2,738 square feet, providing dedicated room for a professional medical practice within the existing leased configuration.
Key Highlights
- Corner office suite facing 49th Street
- Leased to a primary care provider with a five‑year lease and a five‑year option
- Tenant is a well‑established primary care provider with multiple locations throughout South Florida
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,140
$1.1M
Cap Rate 7%
$755,100
$755.1K
Cap Rate 9%
$587,300
$587.3K
Market Conditions
NOI Build-Up for 2,738 SF
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.
Gross rent
$90.4K $33.00/SF
− Vacancy
−$19.9K −$7.26/SF
EGI
$70.5K $25.74/SF
− OpEx
−$17.6K −$6.44/SF
NOI
$52.9K $19.31/SF
Area
Hialeah, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,140
Cap Rate 7%
$755,100
Cap Rate 9%
$587,300
Alternative Uses
Best Use
Office B
$755.1K
$660.7K – $881.0K
NOI $52,857 @ 7.0% cap · market cap 6.26%
Second Best
Healthcare Medical
$633.7K
$554.5K – $739.3K
NOI $44,356 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.08M
$943.0K – $1.26M
NOI $75,437 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner office suite faces 49th Street and is leased to a primary care provider under a five-year term.
Where is this medical office space located?
The property is located at 900 W 49th St Hialeah, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Corner office suite facing 49th Street; Leased to a primary care provider with a five‑year lease and a five‑year option; Tenant is a well‑established primary care provider with multiple locations throughout South Florida
