Medical Office
For Sale
Contact for pricing
15490 NW 7th Avenue # 208, Miami, FL 33169
Multiple suite sizes are described within a building that houses a primary care practice.
Property Size16,820 SF
Price / SF$0.00
Days on Market756
Property Features for 15490 NW 7th Avenue # 208
General Information
Standard status
Active
Size
16,820 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$39,281
Amenities
manned security during business hours
Building Details
Building Size
16,820 SF
Year Built
1973
Listing Agency:
Compass Florida LLC
Listed By:
Ula Z Williams · License #3333296
(954) 551-0550
Source:
Diannalantiguarealty
Added: Oct 3, 2024
Changed: Oct 27
Last Checked: Oct 27 at 3:47AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Medical office space is offered within a building that also contains a primary care practice. Suite sizes range from 300 to 4,000 square feet, and the building has a total reported area of 16,820 square feet. The property was built in 1973.
The address is on NW 7th Avenue in Miami, near the Golden Glades Exchange. I-95, the Turnpike, and Palmetto 826 are each less than half a mile away. The property also provides parking and business-hours security.
The address is on NW 7th Avenue in Miami, near the Golden Glades Exchange. I-95, the Turnpike, and Palmetto 826 are each less than half a mile away. The property also provides parking and business-hours security.
Key Highlights
- Office suites range from 300 to 4,000 square feet
- Building area: 16,820 square feet
- I‑95, the Turnpike, and Palmetto 826 are each less than half a mile away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,539
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,570,780
$5.6M
Cap Rate 7%
$3,979,129
$4.0M
Cap Rate 9%
$3,094,878
$3.1M
Market Conditions
NOI Build-Up for 16,820 SF
Gross rent
$504.6K $30.00/SF
− Vacancy
−$40.4K −$2.40/SF
EGI
$464.2K $27.60/SF
− OpEx
−$185.7K −$11.04/SF
NOI
$278.5K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,570,780
Cap Rate 7%
$3,979,129
Cap Rate 9%
$3,094,878
Alternative Uses
Best Use
Office B
$6.89M
$6.03M – $8.04M
NOI $482,524 @ 7.0% cap · market cap 1,787,125.93%
Second Best
Healthcare Medical
$3.98M
$3.48M – $4.64M
NOI $278,539 @ 7.0% cap · market cap 1,031,625.93%
Theoretical Best
Specialty Retail
$11.35M
$9.93M – $13.25M
NOI $794,753 @ 7.0% cap · market cap 2,943,529.63%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
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 Miami, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple suite sizes are described within a building that houses a primary care practice.
Where is this medical office space located?
The property is located at 15490 NW 7th Avenue # 208 Miami, FL.
What are key features of this property?
This property features: Office suites range from 300 to 4,000 square feet; Building area: 16,820 square feet; I‑95, the Turnpike, and Palmetto 826 are each less than half a mile away
