Aventura Health District Retail
2820 NE 214th St 5, Aventura, FL 33180
Retail spaces available in Aventura Health District near hospital.
Type:Commercial/Industrial
Property size:
5,720 SFPrice / SF:
$362/SF- Added:
- Mar 12, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 3:18 am
Property Features for 2820 NE 214th St 5
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2022
Listing agent Ludy Moreno License #3271925
Listing office Belhouse Real Estate, LLC (305) 921-9789
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- Prime location in the heart of Aventura Health District, adjacent to Aventura Hospital and 300+ medical practices.
- Opportunity to buy or rent retail spaces in a Class A building (Ivory 214).
- Available retail spaces totaling 5720 Sq. Ft. on the first floor, divisible into 1610 RSF, 2440 RSF, and 1670 RSF units.
- Negotiable space options for less or more square footage.
- Ample parking with 321 total spaces and 9 assigned spaces.
- Built in 2022.
Overview
Located in the heart of the Aventura Health District, this property offers an opportunity to purchase or rent retail space within the Ivory 214, a Class A building. The building comprises 34 offices and 39,449 square feet of retail space, along with 321 parking spaces and 9 assigned parking spaces. The property is situated steps away from Aventura Hospital, a designated Level II Trauma Center and Thrombectomy-Capable Stroke Center, and is surrounded by 300 medical practices. There are three retail spaces available on the first floor, totaling 5720 square feet, located next to each other. Individual spaces measure 1610, 2440, and 1670 square feet. The retail space is available for rent at $77 per square foot, which includes $65 base rent plus $12 for Triple Net expenses covering taxes and maintenance. The amount of space needed is negotiable.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.68M
NOI $151,609 @ 9.00% cap · cautious / downside scenario
Moderate
$2.17M
NOI $151,609 @ 7.00% cap · market / base-case scenario
Aggressive
$3.03M
NOI $151,609 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.8k | $45.60 |
| − Vacancy | −$58.7k | −$10.26 |
| EGI | $202.1k | $35.34 |
| − OpEx | −$50.5k | −$8.84 |
| NOI | $151.6k | $26.51 |
5,720 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,609 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,721 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,140 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Aventura
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.144879
- Latitude
- 25.973624
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail spaces available in Aventura Health District near hospital.
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 $2,074,000.
What are key features of this property?
This property features: Prime location in the heart of Aventura Health District, adjacent to Aventura Hospital and 300+ medical practices.; Opportunity to buy or rent retail spaces in a Class A building (Ivory 214).; Available retail spaces totaling 5720 Sq. Ft. on the first floor, divisible into 1610 RSF, 2440 RSF, and 1670 RSF units.
