Class A Medical Office
For Sale
$1,399,000
2920 NE 207th St, Aventura, FL 33180
Commercial Sale, Aventura, FL
Property Size1,481 SF
Lot Size459.14 Acres
Price / SF$944.63
Days on Market19
Property Features for 2920 NE 207th St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Guest
Subdivision
12
Standard status
Active
APN
28-12-34-085-0020
Lot size
459.14 Acres
Taxes and HOA fees
Tax Description
AVENTURA PARKSQUARE MEDICAL OFFICE CONDO UNIT 801 UNIDV 3.776123% INT IN COMMON ELEMENTS OFF REC 30920-4069
Tax Annual Amount
10202
HOA Fee
$2,867 Monthly
Legal Description
AVENTURA PARKSQUARE MEDICAL OFFICE CONDO UNIT 801 UNIDV 3.776123% INT IN COMMON ELEMENTS OFF REC 30920-4069
Building Details
Year built
2018
Number of units
6
Listing Agency:
Brosda & Bentley Realtors, LLC
(786) 363-8551
Listed By:
Ekaterina Brosda · License #3062667
(305) 788-9393
Added: Aug 5
Changed: Aug 19
Last Checked: Aug 23 at 2:06PM
MLS# A12065977
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,481-square-foot medical office suite is located within a Class A office building and includes six private rooms. The space features a fully permitted custom build-out, premium finishes, and existing plumbing and electrical infrastructure. Its configuration is suited to medical specialties and professional healthcare services, including dermatology, plastic surgery, aesthetics, dentistry, ophthalmology, and cardiology.
The property is at 2920 NE 207th St in Aventura, Florida, within Miami-Dade County. The surrounding area includes dining, shopping, lifestyle amenities, and fitness destinations such as Ruth's Chris Steak House, Pura Vida, Mister O1, and Bar Taco. Guest parking is available, and the building was completed in 2018.
The property is at 2920 NE 207th St in Aventura, Florida, within Miami-Dade County. The surrounding area includes dining, shopping, lifestyle amenities, and fitness destinations such as Ruth's Chris Steak House, Pura Vida, Mister O1, and Bar Taco. Guest parking is available, and the building was completed in 2018.
Key Highlights
- 1,481 SF medical office suite with six private rooms
- Fully permitted custom build‑out with premium finishes
- Existing plumbing and electrical infrastructure
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
$39,254
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
2.81%
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%
$785,080
$785.1K
Cap Rate 7%
$560,771
$560.8K
Cap Rate 9%
$436,156
$436.2K
Market Conditions
NOI Build-Up for 1,481 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
$67.5K $45.60/SF
− Vacancy
−$15.2K −$10.26/SF
EGI
$52.3K $35.34/SF
− OpEx
−$13.1K −$8.84/SF
NOI
$39.3K $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%
$785,080
Cap Rate 7%
$560,771
Cap Rate 9%
$436,156
Alternative Uses
Best Use
Office B
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 2.81%
Second Best
Healthcare Medical
$278.8K
$243.9K – $325.2K
NOI $19,514 @ 7.0% cap · market cap 1.39%
Theoretical Best
Office A
$751.4K
$657.5K – $876.6K
NOI $52,596 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VET Pharmaceuticals — 7429 Riviera Blvd, Miramar, FL 33023
Frequently Asked Questions
What type of property is this?
Medical Office Space - Permitted build-out with private rooms, plumbing, and electrical infrastructure supports immediate medical occupancy.
Where is this medical office space located?
The property is located at 2920 NE 207th St Aventura, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 1,481 SF medical office suite with six private rooms; Fully permitted custom build‑out with premium finishes; Existing plumbing and electrical infrastructure
