Ground-Floor Retail in Medical
2820 NE 214th St #5 Aventura, FL 33180
New
For Sale
$2,370,000
Three ground-floor retail suites are available in a Class A building with on-site parking and flexible leasing or purchase.
Property Size5,720 SF
Price / SF$414.34
Days on Market4
Property Features for 2820 NE 214th St #5
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing Agency:
BELHOUSE REAL ESTATE, LLC
(305) 921-9789
Listed By:
LUDY MORENO · License #A12056760
Source:
Corcoran
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 5:20AM
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 BELHOUSE REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
Three ground-floor retail spaces are available within Ivory 214 in Aventura. The suites can be leased or purchased individually or combined, offering size flexibility for a range of retail and professional uses. Available sizes include 1,610 RSF, 1,670 RSF, and 2,440 RSF, with total contiguous space up to 5,720 RSF.
Ivory 214 is a modern Class A mixed-use building with 39,449 square feet of office and retail space. The property includes 34 professional office suites and 321 parking spaces, supporting day-to-day customer and employee access. The retail is positioned in the Aventura Health District, located steps from Aventura Hospital, a Level II Trauma Center and Thrombectomy-Capable Stroke Center, and surrounded by more than 300 established medical practices.
This is a for-sale offering with the ability to choose between leasing and ownership, depending on the space configuration required.
Ivory 214 is a modern Class A mixed-use building with 39,449 square feet of office and retail space. The property includes 34 professional office suites and 321 parking spaces, supporting day-to-day customer and employee access. The retail is positioned in the Aventura Health District, located steps from Aventura Hospital, a Level II Trauma Center and Thrombectomy-Capable Stroke Center, and surrounded by more than 300 established medical practices.
This is a for-sale offering with the ability to choose between leasing and ownership, depending on the space configuration required.
Key Highlights
- Three ground‑floor retail spaces available: 1,610 RSF, 1,670 RSF, and 2,440 RSF (5,720 RSF contiguous total).
- Flexible options to lease or purchase individual suites or combine them for larger users.
- Located in Ivory 214, a Class A mixed‑use building with 39,449 SF of office and retail and 34 professional office suites.
Financial Insights For Retail
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 | $151.0k | $26.40 |
| − Vacancy | −$12.8k | −$2.24 |
| EGI | $138.2k | $24.16 |
| − OpEx | −$41.5k | −$7.25 |
| NOI | $96.7k | $16.91 |
5,720 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,721 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,140 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Three ground-floor retail suites are available in a Class A building with on-site parking and flexible leasing or purchase.
Where is this retail space located?
The property is located at 2820 NE 214th St #5 Aventura, FL.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: Three ground‑floor retail spaces available: 1,610 RSF, 1,670 RSF, and 2,440 RSF (5,720 RSF contiguous total).; Flexible options to lease or purchase individual suites or combine them for larger users.; Located in Ivory 214, a Class A mixed‑use building with 39,449 SF of office and retail and 34 professional office suites.
