Free-Standing Medical Office
2801 SW 3rd Ave Miami, FL 33129
New
For Sale
$9,500,000
Built in 2019 with underground parking and floor-to-ceiling glass, this Class A medical office totals 23,231 SF.
Property Size23,231 SF
Price / SF$408.94
Days on Market5
Property Features for 2801 SW 3rd Ave
General Information
Standard status
Active
Size
23,231 SF
Building Details
Year Built
2019
Listing Agency:
Premier Properties
(305) 790-6125
Listed By:
Ivette Agusti · License #0650960
Source:
Mymiahomes
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 26 at 1:59PM
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 Premier Properties
Investment Insights
Based on property information with market context.
Free-standing Class A medical office building built in 2019 with CBS construction. The property includes underground parking, floor-to-ceiling glass, and rooftop area. Over $4M in tenant improvements and medical buildout have been completed.
The building is positioned for Miami’s highest-intensity urban core transect under T6-8O, supporting medical office uses and related healthcare services by right, including surgical suites, outpatient procedure centers, and dental/oral surgery operations. Vacancy is described as being at a historic low of 6.1%, with new construction supply virtually nonexistent.
With 23,231 SF, the offering presents an owner-user or healthcare investment profile based on pro forma performance referenced in the remarks.
The building is positioned for Miami’s highest-intensity urban core transect under T6-8O, supporting medical office uses and related healthcare services by right, including surgical suites, outpatient procedure centers, and dental/oral surgery operations. Vacancy is described as being at a historic low of 6.1%, with new construction supply virtually nonexistent.
With 23,231 SF, the offering presents an owner-user or healthcare investment profile based on pro forma performance referenced in the remarks.
Key Highlights
- Free‑standing Class A Brickell medical office building built in 2019 with CBS construction
- 23,231 SF building with floor‑to‑ceiling glass and rooftop area
- Underground parking
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 | $1.05M | $45.00 |
| − Vacancy | −$156.8k | −$6.75 |
| EGI | $888.6k | $38.25 |
| − OpEx | −$222.1k | −$9.56 |
| NOI | $666.4k | $28.69 |
23,231 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.52M
$8.33M – $11.11M
NOI $666,439 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$5.50M
$4.81M – $6.41M
NOI $384,705 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$15.68M
$13.72M – $18.29M
NOI $1,097,675 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- EdgeWater Pet Clinic — 162 NE 25th St Suite 102, Miami, FL 33137
- Helpet Veterinary Center — 222 NE 25th St #105, Miami, FL 33137
- Veterinary Emergency Group — 2707 Biscayne Blvd, Miami, FL 33137
- GoodVets Wynwood — 60 NW 29th St, Miami, FL 33127
- Banfield Pet Hospital — 3101 N Miami Ave Ste 110, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2019 with underground parking and floor-to-ceiling glass, this Class A medical office totals 23,231 SF.
Where is this medical office space located?
The property is located at 2801 SW 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Free‑standing Class A Brickell medical office building built in 2019 with CBS construction; 23,231 SF building with floor‑to‑ceiling glass and rooftop area; Underground parking
