Aventura Medical District Office
2820 NE 214th St # 909 Aventura, FL 33180
For Sale
Contact for pricing
Commercial condominium office with hotel amenities in Aventura Medical District.
Property Size1,362 SF
Price / SF$807.64
Days on Market835
Property Features for 2820 NE 214th St # 909
General Information
- Standard status
- Active
- Size
- 1,362 SF
- Property subtype
- Office
Building Details
- Year Built
- 2021
Listing Agency:
Cervera Real Estate Inc
Listed By:
Myra Yung · License #3330332
Source:
Crexi
Added: Apr 10, 2024
Changed: Jul 10
Last Checked: Jul 23 at 8:40AM
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 Cervera Real Estate Inc
Investment Insights
Based on property information with market context.
Located in the Aventura Medical District, this commercial condominium office is situated in a mixed-use Class A building. The LEED Gold Certified building features medical and professional offices, extended stay hotel rooms, and retail stores. Office owners and tenants have access to hotel amenities. This corner unit offers 1,362 square feet, including a private balcony and a net area of 1,096 square feet. The south-facing unit 909 features floor-to-ceiling windows and wooden floors, and is currently available. The property includes two assigned parking spaces, #107 and #108. The location is within walking distance of Aventura Hospital, with shopping and dining options located across Biscayne Blvd at Gulfstream Park and Aventura Commons mall. The building is known as Offices at Ivory 214.
Key Highlights
- Premium corner unit in a Class A, LEED Gold Certified building within the Aventura Medical District.
- Access to hotel amenities from the adjacent Tapestry Hilton Hotel.
- Enjoy a private balcony and floor‑to‑ceiling windows with a south exposure.
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 | $62.1k | $45.60 |
| − Vacancy | −$14.0k | −$10.26 |
| EGI | $48.1k | $35.34 |
| − OpEx | −$12.0k | −$8.84 |
| NOI | $36.1k | $26.51 |
1,362 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$515.7K
$451.3K – $601.7K
NOI $36,100 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.0K
$604.6K – $806.2K
NOI $48,370 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Commercial condominium office with hotel amenities in Aventura Medical District.
Where is this office units located?
The property is located at 2820 NE 214th St # 909 Aventura, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Premium corner unit in a Class A, LEED Gold Certified building within the Aventura Medical District.; Access to hotel amenities from the adjacent Tapestry Hilton Hotel.; Enjoy a private balcony and floor‑to‑ceiling windows with a south exposure.
