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Two-Story Medical Office Building
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2380-2390 NW 7th St, Miami, FL 33125

Freestanding two-story medical office built for full patient-care use with divisible floorplates.

Property Size14,112 SF
Lot Size0.40 Acres
Price / SF$566.18
Days on Market911

Property Features for 2380-2390 NW 7th St

General Information

Standard status Active
Size 14,112 SF
Lot size 0.40 Acres
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Amenities

patient waiting rooms
exam rooms with plumbing
MRI and X-Ray rooms
Biopsy room
patio
optional signage exposure

Building Details

Buildings 1
Stories 2
Building Size 14,112 SF
Listing Agency: Lee & Associates | Miami
Listed By: Aida Nolan-Rodriguez · License #0627870
Source: Moodyscre
Added: Feb 2, 2024 Changed: Jul 30 Last Checked: Jul 31 at 1:20PM

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 Lee & Associates | Miami

Investment Insights

Based on property information with market context.

This freestanding two-story medical office building is built out entirely for a state of the medical facility totaling 14,112 SF across two 7,056 SF floorplates. Each floorplate is described as divisible to create smaller 2,000 SF units, supporting flexible clinical layouts. The space includes patient waiting rooms, exam rooms with plumbing, and dedicated clinical rooms for MRI and X-Ray, plus a biopsy room.

The property sits on a 0.40-acre corner site in Little Havana at 2380–2390 NW 7th St, with access to the UM/Jackson Health District and Downtown/Brickell. The building is fully air-conditioned and has recent renovations, including a new roof and patio.

Visibility options include optional signage exposure to 29,000 vehicles per day. Nearby access is described as 0.8 miles to Dolphin Expressway SR/836, 3.1 miles to I-95, and 5.9 miles to Palmetto Expressway SR/826, with Miami International Airport at 8.6 miles and Fort Lauderdale–Hollywood International Airport at 24.8 miles.

Key Highlights

  • 14,112 SF two‑story freestanding medical office built for clinical use
  • Divisible 7,056 SF floorplates to approximately 2,000 SF units
  • Patient waiting rooms, exam rooms with plumbing, MRI, X‑Ray, and biopsy room

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 $635.0k $45.00
− Vacancy −$95.3k −$6.75
EGI $539.8k $38.25
− OpEx −$134.9k −$9.56
NOI $404.8k $28.69
14,112 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$5.78M
$5.06M – $6.75M (±1% cap)
NOI $404,838 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$3.34M
$2.92M – $3.89M (±1% cap)
NOI $233,695 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$9.53M
$8.33M – $11.11M (±1% cap)
NOI $666,798 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Butcher Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,267
Businesses Nearby
Under-served
Demand for This Use

Demographics for 33125, FL

53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Freestanding two-story medical office built for full patient-care use with divisible floorplates.
Where is this medical office space located?
The property is located at 2380-2390 NW 7th St Miami, FL.
What is the asking price?
The asking price for this property is $7,990,000.
What are key features of this property?
This property features: 14,112 SF two‑story freestanding medical office built for clinical use; Divisible 7,056 SF floorplates to approximately 2,000 SF units; Patient waiting rooms, exam rooms with plumbing, MRI, X‑Ray, and biopsy room
(305) 987-9733 Call to check price and availability
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