Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2627 NE 203rd St Aventura, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story medical/office building near Aventura Mall and I-95.

    Type:OFFICE
    Property size:
    5,000 SF
    Lot size:
    1.41 Acres
    Added:
    Dec 18, 2023
    Days on Market:
    836
    Last Refresh:
    Mar 29 at 10:58 pm

    Property Features for 2627 NE 203rd St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.41 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2627 NE 203rd St Contact us

    We can help!

    Listing Contact
    Julian Huzenman
    Julian Huzenman

    Listing agent Julian Huzenman

    Listing office FIP Commercial

    Listing date Dec 18, 2023

    Source Moodyscre

    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 FIP Commercial

    Overview

    Aventura Medical & Executive Offices

    This two-story medical/office building features tropical landscaping and a tenant roster that includes Body Details and Meg Green associates. The Medical & Executive offices of Aventura provide a professional and safe atmosphere, complete with an on-site management team and complimentary valet parking. Suites range from 1,000 square feet to over 5,000 square feet. The property is located on Ives Dairy Road, near Aventura Mall and I-95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Amor Animal Hospital — 20305 Biscayne Blvd, Aventura, FL 33180
    • Pet Medical Center LLC — 19101 Biscayne Blvd, Miami, FL 33180
    • Banfield Pet Hospital — 21095 Biscayne Blvd, Aventura, FL 33180

    Location Insight

    • Map
    • Local Demand
    City
    Aventura
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1489
    Latitude
    25.964

    Nearby Similar for Lease

    • Contact for pricing

      Aventura Office Space Near Brightline

      Professional office space near Aventura Brightline Station.
      19790 W Dixie Hwy, Aventura, FL 33180
      View Details
    • Contact for pricing

      Aventura Office Space For Rent

      Professionally appointed office suite in Aventura's premier business hub.
      19790 W Dixie Hwy, Aventura, FL 33180
      View Details
    • Contact for pricing

      Turnberry Plaza

      2875 191St St, Unit 500, Aventura, FL 33180
      View Details
    • Sponsored
      Contact for pricing

      Corporate Center

      20801 Biscayne Blvd, Unit 403, Aventura, FL 33180
      View Details
    • Contact for pricing

      Aventura Mixed-Use Project For Rent

      Mixed-use property in Aventura, near I-95, available for rent.
      21290 Biscayne Blvd, Aventura, FL 33180
      View Details
    • $50/mo

      Retail Space in Aventura Center

      Retail space available in a busy Aventura shopping center.
      16215 Biscayne Blvd, Aventura, FL
      View Details
    • Contact for pricing

      Aventura Class A Office Space

      Class A office building in Aventura, close to amenities.
      19495 Biscayne Blvd, Aventura, FL
      View Details
    • Contact for pricing

      Aventura Mixed-Use Development Retail Spaces

      New mixed-use development with retail and medical office spaces.
      20955 Biscayne Blvd, Aventura, FL
      View Details
    • Contact for pricing

      Aventura Stand-Alone Retail Building

      High-visibility retail building on Biscayne Boulevard near Aventura Mall.
      18060 Biscayne Blvd, Aventura, FL 33160
      View Details
    • Contact for pricing

      Landmark Property on Country Club

      Landmark property with city views and state-of-the-art technology.
      19950 W Country Club Dr, Aventura, FL 33180
      View Details
    • $0.01/mo

      Aventura Office Space For Lease

      Centrally located office suite in Aventura's Bank of America building.
      18305 Biscayne Blvd, Aventura, FL 33160
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible terms.
      20801 Biscayne Blvd, Suite 403, Aventura, FL 33180
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical/office building near Aventura Mall and I-95.
    Where is this medical office space located?
    The property is located at 2627 NE 203rd St Aventura, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: High‑caliber medical and executive tenants such as Body Details and Meg Green associates.; Onsite management team ensures a clean, professional, and safe atmosphere.; Enjoy the convenience of complimentary valet parking.
    (305) 773-1213 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julian Huzenman
    Julian Huzenman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!