Medical Office Suite with Exam
For Sale
$650,000
2645 SW 37th Avenue 501, Miami, FL 33133
Five exam rooms, a private office, reception area, and small kitchen support a medical or professional office layout.
Property Size1,139 SF
Days on Market11
Property Features for 2645 SW 37th Avenue 501
General Information
Standard status
Active
Size
1,139 SF
Total Parking Spaces
3
Property subtype
Office
Site & Location
Neighborhood
Douglas Park
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Building Details
Building Size
1,139 SF
Year Built
1985
Buildings
1
Stories
7
Tenancy
Multi
Listing Agency:
Suncoast Business Consultants
Listed By:
Brian M. Zoberg · License #3289133
(305) 301-2443
Source:
Silverleafrealtygroup
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 3:21PM
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 Suncoast Business Consultants
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Investment Insights
Based on property information with market context.
Located in the seven-story Douglas Professional Center, this medical office suite includes five exam rooms, a private office, reception area, small kitchen, and two bathrooms. The property was built in 1985 and includes three dedicated parking spaces. Its layout is suited to medical, wellness, or professional office use.
The building sits at Douglas Road and SW 26th Terrace, near Coral Gables Hospital, with access to US-1. Shops, restaurants, and the Miracle Mile business district are in the surrounding area.
The building sits at Douglas Road and SW 26th Terrace, near Coral Gables Hospital, with access to US-1. Shops, restaurants, and the Miracle Mile business district are in the surrounding area.
Key Highlights
- Five exam rooms, a private office, reception area, and small kitchen
- Two bathrooms
- Three dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,675
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,500
$653.5K
Cap Rate 7%
$466,786
$466.8K
Cap Rate 9%
$363,056
$363.1K
Market Conditions
NOI Build-Up for 1,139 SF
Gross rent
$51.3K $45.00/SF
− Vacancy
−$7.7K −$6.75/SF
EGI
$43.6K $38.25/SF
− OpEx
−$10.9K −$9.56/SF
NOI
$32.7K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,500
Cap Rate 7%
$466,786
Cap Rate 9%
$363,056
Alternative Uses
Best Use
Office B
$466.8K
$408.4K – $544.6K
NOI $32,675 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$269.5K
$235.8K – $314.4K
NOI $18,862 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$768.8K
$672.7K – $897.0K
NOI $53,818 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,779
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Five exam rooms, a private office, reception area, and small kitchen support a medical or professional office layout.
Where is this medical office space located?
The property is located at 2645 SW 37th Avenue 501 Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five exam rooms, a private office, reception area, and small kitchen; Two bathrooms; Three dedicated parking spaces
