Leased Medical Office
1401 East 4th Avenue Hialeah, FL 33010
1401 East 4th Avenue, Hialeah, FL, 33010
$5,700,000
Pending
For Sale
$5,700,000
Pending
Medical office building offered for sale with 42-space gated parking and seven tenants, reported as 95% leased.
Property Size20,190 SF
Days on Market131
Property Features for 1401 East 4th Avenue
General Information
- Standard status
- Pending
- Size
- 20,190 SF
- Property subtype
- Other
Building Details
- Year Built
- 1955
Listing agency
Compass Florida, LLC
(786) 216-8851
Listed by
Jane Bark Barrellier · License #3306903
(786) 216-8851
Source
Compass
Added: Mar 13 Updated: Jul 21 at 6:20AM Checked: Jul 21 at 6:20AM
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
Investment Insights
Based on property information with market context.
For sale: a medical office building reported as 95% leased, currently home to seven established tenants. The property is described as meticulously maintained and configured to support medical needs, with medical-specific and medical-adjacent build-outs. Approximately 17,000 square feet is under air, set on an almost 43,000 square foot lot.
The building includes dedicated gated parking with 42 spaces. The property is located in Hialeah and is described as being in a high-demand area with visibility and proximity to major roadways and public transportation.
All showings are by appointment only and tenants should not be disturbed.
The building includes dedicated gated parking with 42 spaces. The property is located in Hialeah and is described as being in a high-demand area with visibility and proximity to major roadways and public transportation.
All showings are by appointment only and tenants should not be disturbed.
Key Highlights
- Medical office building built in 1955 with approx. 17,000 SF under air on an almost 43,000 SF lot
- Reported 95% leased with seven established tenants, including some tenants below market
- Dedicated gated parking for 42 spaces
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 | $666.3k | $33.00 |
| − Vacancy | −$146.6k | −$7.26 |
| EGI | $519.7k | $25.74 |
| − OpEx | −$129.9k | −$6.44 |
| NOI | $389.8k | $19.31 |
20,190 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.57M
$4.87M – $6.50M
NOI $389,768 @ 7.0% cap · market cap 6.84%
Second Best
Healthcare Medical
$4.67M
$4.09M – $5.45M
NOI $327,078 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$7.95M
$6.95M – $9.27M
NOI $556,275 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Health Services ...
Medical Clinic
Angie Bolanos-Escalona
Physician
Irama Debourg
Physician
clinica de terapia ...
Physician
Ramon Roman, APRN ...
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Medical office building offered for sale with 42-space gated parking and seven tenants, reported as 95% leased.
Where is this medical office space located?
The property is located at 1401 East 4th Avenue Hialeah, FL.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Medical office building built in 1955 with approx. 17,000 SF under air on an almost 43,000 SF lot; Reported 95% leased with seven established tenants, including some tenants below market; Dedicated gated parking for 42 spaces
