Turn-Key Medical Office
17501 Biscayne Blvd Unit 5E North Miami Beach, FL 33160
For Sale
$449,000
Pending
Furnished office suite with marble floors, private offices, conference room, and a wired network throughout.
Property Size760 SF
Days on Market2444
Property Features for 17501 Biscayne Blvd Unit 5E
General Information
Standard status
Pending
Size
760 SF
Property subtype
General Commercial
Building Details
Year Built
2004
Listing Agency:
Cervera Real Estate Inc
(954) 448-5009
Listed By:
Marie Bellitto · License #3151323
(954) 448-5009
Source:
Xome
Added: Nov 19, 2019
Changed: Jul 26
Last Checked: Jul 26 at 7:21PM
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 Cervera Real Estate Inc
Investment Insights
Based on property information with market context.
This furnished office suite features high-end construction with marble floors, built-ins, and hard ceilings. The layout includes a conference room, private offices, a kitchen, and a wired network throughout, making it ready to move in.
The property offers water views and includes plenty of parking with complimentary valet parking. Located near the border with Aventura, it is close to I-95 and nearby restaurants.
Suitable for medical offices, this unit is presented as turn-key and move-in ready for qualified users.
The property offers water views and includes plenty of parking with complimentary valet parking. Located near the border with Aventura, it is close to I-95 and nearby restaurants.
Suitable for medical offices, this unit is presented as turn-key and move-in ready for qualified users.
Key Highlights
- Furnished office suite with marble floors
- Includes private offices and a conference room
- Wired network throughout the suite
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 | $34.7k | $45.60 |
| − Vacancy | −$7.8k | −$10.26 |
| EGI | $26.9k | $35.34 |
| − OpEx | −$6.7k | −$8.84 |
| NOI | $20.1k | $26.51 |
760 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$287.8K
$251.8K – $335.7K
NOI $20,144 @ 7.0% cap · market cap 4.49%
Second Best
Healthcare Medical
$143.1K
$125.2K – $166.9K
NOI $10,014 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$385.6K
$337.4K – $449.9K
NOI $26,991 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Furnished office suite with marble floors, private offices, conference room, and a wired network throughout.
Where is this office building located?
The property is located at 17501 Biscayne Blvd Unit 5E North Miami Beach, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Furnished office suite with marble floors; Includes private offices and a conference room; Wired network throughout the suite
