Medical Office
151 NW 11th Street #W301 Homestead, FL 33030
151 NW 11th Street #W301, Homestead, FL, 33030
$699,000
For Sale
$699,000
Clean, functional medical office condo designed for physicians, specialists, and professional services with immediate occupancy.
Property Size1,744 SF
Price / SF$400.80
Days on Market40
Property Features for 151 NW 11th Street #W301
General Information
- Standard status
- Active
- Size
- 1,744 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency
THE LAB REALTY GROUP, LLC
Listed by
FRANK COSTA · License #A11985953
Source
Corcoran
Added: Jun 9 Checked: Jul 17 at 2:14 am
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 THE LAB REALTY GROUP, LLC
Investment Insights
Based on property information with market context.
This medical office condo offers a clean, functional layout intended for medical and professional use. The space is presented as ready for immediate use, supporting straightforward move-in for qualified operators without the need for start-from-scratch improvements.
Located at 151 NW 11th Street in Homestead, the unit is identified as #W301. As a condo within a commercial setting, it provides an ownership option for medical practices and related service providers looking to secure their own space in a dedicated format.
The configuration is well suited for doctors, specialists, and other professional services that benefit from a dedicated office environment. Buyers considering an ownership position can focus on the practicality of the current condition and the intent of the space for medical-related and service uses. If you’re evaluating options in the medical office category, this offering is positioned as an immediate-use condo for established requirements and near-term operations.
Located at 151 NW 11th Street in Homestead, the unit is identified as #W301. As a condo within a commercial setting, it provides an ownership option for medical practices and related service providers looking to secure their own space in a dedicated format.
The configuration is well suited for doctors, specialists, and other professional services that benefit from a dedicated office environment. Buyers considering an ownership position can focus on the practicality of the current condition and the intent of the space for medical-related and service uses. If you’re evaluating options in the medical office category, this offering is positioned as an immediate-use condo for established requirements and near-term operations.
Key Highlights
- Medical office condo with Year Built: 1985
- Clean, functional medical office space designed for physicians, specialists, and professional services
- Immediate occupancy noted for ready‑to‑use space
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 | $79.5k | $45.60 |
| − Vacancy | −$17.9k | −$10.26 |
| EGI | $61.6k | $35.34 |
| − OpEx | −$15.4k | −$8.84 |
| NOI | $46.2k | $26.51 |
1,744 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$660.4K
$577.8K – $770.4K
NOI $46,225 @ 7.0% cap · market cap 6.61%
Second Best
Healthcare Medical
$328.3K
$287.2K – $383.0K
NOI $22,979 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$884.8K
$774.2K – $1.03M
NOI $61,936 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Gordon B. ...
Dental Office
Miami Gastroenterology Consultants
Medical Clinic
Primary Care | Baptist ...
Physician
Baptist Health Primary ...
Medical Clinic
Cardiovascular Wellness Center
Wellness Program
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FAQs
What type of property is this?
Medical Office Space - Clean, functional medical office condo designed for physicians, specialists, and professional services with immediate occupancy.
Where is this medical office space located?
The property is located at 151 NW 11th Street #W301 Homestead, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Medical office condo with Year Built: 1985; Clean, functional medical office space designed for physicians, specialists, and professional services; Immediate occupancy noted for ready‑to‑use space
