Medical Office Suite with Floor-to-Ceiling
For Sale
$1,040,000
2820 NE 214th Street #1005, Aventura, FL 33180
Bright south-facing office suite with wood floors and expansive glazing in a mixed-use medical and professional building.
Property Size118,000 SF
Price / SF$774.96
Days on Market48
Property Features for 2820 NE 214th Street #1005
General Information
Standard status
Active
Size
118,000 SF
Zoning
6800
Taxes and HOA fees
Annual Taxes
$11,182
Building Details
Building Size
118,000 SF
Year Built
2021
Listing Agency:
Aventura Health District Realty
(305) 968-3279
Listed By:
Mariana S Herrera
(305) 968-3279
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 22 at 3:48AM
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 Aventura Health District Realty
Investment Insights
Based on property information with market context.
This is a medical/professional office suite totaling 1,342 SF (including 20% CAF). The space features south exposure, floor-to-ceiling windows designed to provide abundant natural light, and wood flooring.
The suite is located within a high-activity building that includes 34 medical and professional offices. The building also houses a Serena Hotel Tapestry Collection by Hilton with 100 extended-stay rooms, along with on-site retail tenants including Rainbow Pharmacy, Q’an’s Beauty Salon, Lagree Pilates Studio, and Santana Leather Care. LVL 6 Rest is open to the public and serves breakfast, lunch, and dinner.
For tenants and buyers looking for a professional setting close to healthcare and daily needs, the building’s mix of medical offices, hospitality, and neighborhood retail supports a convenient work environment. The property is within walking distance to Aventura Hospital, and it is positioned just across Biscayne Blvd from Gulfstream Park and Aventura Commons, which includes Whole Foods and Target. The office suite is offered for sale, and the space is also noted as available for rent on a triple-net basis.
The suite is located within a high-activity building that includes 34 medical and professional offices. The building also houses a Serena Hotel Tapestry Collection by Hilton with 100 extended-stay rooms, along with on-site retail tenants including Rainbow Pharmacy, Q’an’s Beauty Salon, Lagree Pilates Studio, and Santana Leather Care. LVL 6 Rest is open to the public and serves breakfast, lunch, and dinner.
For tenants and buyers looking for a professional setting close to healthcare and daily needs, the building’s mix of medical offices, hospitality, and neighborhood retail supports a convenient work environment. The property is within walking distance to Aventura Hospital, and it is positioned just across Biscayne Blvd from Gulfstream Park and Aventura Commons, which includes Whole Foods and Target. The office suite is offered for sale, and the space is also noted as available for rent on a triple-net basis.
Key Highlights
- 1,342 SF office suite with 20% CAF
- South‑facing unit with floor‑to‑ceiling windows and wood flooring
- Building includes 34 medical and professional offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,400
$711.4K
Cap Rate 7%
$508,143
$508.1K
Cap Rate 9%
$395,222
$395.2K
Market Conditions
NOI Build-Up for 1,342 SF
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.
Gross rent
$61.2K $45.60/SF
− Vacancy
−$13.8K −$10.26/SF
EGI
$47.4K $35.34/SF
− OpEx
−$11.9K −$8.84/SF
NOI
$35.6K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,400
Cap Rate 7%
$508,143
Cap Rate 9%
$395,222
Alternative Uses
Best Use
Office B
$508.1K
$444.6K – $592.8K
NOI $35,570 @ 7.0% cap · market cap 3.42%
Second Best
Healthcare Medical
$252.6K
$221.0K – $294.7K
NOI $17,682 @ 7.0% cap · market cap 1.70%
Theoretical Best
Office A
$680.9K
$595.8K – $794.3K
NOI $47,660 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Bright south-facing office suite with wood floors and expansive glazing in a mixed-use medical and professional building.
Where is this office units located?
The property is located at 2820 NE 214th Street #1005 Aventura, FL.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: 1,342 SF office suite with 20% CAF; South‑facing unit with floor‑to‑ceiling windows and wood flooring; Building includes 34 medical and professional offices
