Aventura Medical Office Space
For Sale
Contact for pricing
20803 Biscayne Boulevard, Aventura, FL 33180
2,737 SF medical office near Aventura Hospital and Aventura Mall.
Property Size235,123 SF
Price / SF$0.00
Days on Market336
Property Features for 20803 Biscayne Boulevard
General Information
Standard status
Active
Size
235,123 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
235,123 SF
Year Built
1986
Properties For Sale
at 20803 Biscayne Boulevard
Suite 202 (Sublease)
Size
2,737 SF
Type
Medical
Term
Negotiable
Listing Agency:
NAI Miami HQ
Listed By:
Craig Merlin · License #3456212
(305) 987-4401
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Oct 6
Last Checked: Oct 23 at 3:58AM
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 HQ
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Investment Insights
Based on property information with market context.
This is a 2,737 square foot fully built-out medical office space featuring multiple private offices, a medical laboratory, and two full restrooms. The layout includes a reception and waiting area. The property is located half a mile from Aventura Hospital and offers excellent covered parking with guest parking available. It is in close proximity to US-1 and I-95, right near Aventura Mall and restaurants. The lease expires August 15, 2027.
Key Highlights
- Fully built out 2,737 SF medical office space
- Half a mile from Aventura Hospital
- Includes a medical laboratory and two full restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,097,981
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,959,620
$62.0M
Cap Rate 7%
$44,256,871
$44.3M
Cap Rate 9%
$34,422,011
$34.4M
Market Conditions
NOI Build-Up for 235,123 SF
Gross rent
$5.64M $24.00/SF
− Vacancy
−$479.7K −$2.04/SF
EGI
$5.16M $21.96/SF
− OpEx
−$2.07M −$8.78/SF
NOI
$3.10M $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,959,620
Cap Rate 7%
$44,256,871
Cap Rate 9%
$34,422,011
Alternative Uses
Best Use
Office B
$89.03M
$77.90M – $103.87M
NOI $6,231,935 @ 7.0% cap · market cap 13,848,744.44%
Second Best
Healthcare Medical
$44.26M
$38.72M – $51.63M
NOI $3,097,981 @ 7.0% cap · market cap 6,884,402.22%
Theoretical Best
Office A
$119.29M
$104.38M – $139.17M
NOI $8,350,147 @ 7.0% cap · market cap 18,555,882.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,988
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,737 SF medical office near Aventura Hospital and Aventura Mall.
Where is this medical office space located?
The property is located at 20803 Biscayne Boulevard Aventura, FL.
What are key features of this property?
This property features: Fully built out **2,737 SF medical office space**; Half a mile from Aventura Hospital; Includes a **medical laboratory** and two full restrooms
