6-Room Medical Office
New
For Sale
$1,399,000
2920 NE 207th Street #801, Aventura, FL 33180
Fully built-out suite includes private rooms and existing plumbing and electrical infrastructure.
Property Size100,000 SF
Price / SF$944.63
Days on Market3
Property Features for 2920 NE 207th Street #801
General Information
Standard status
Active
Size
100,000 SF
Class
Class A
Taxes and HOA fees
Annual Taxes
$10,202
Building Details
Building Size
100,000 SF
Year Built
2018
Listing Agency:
Brosda & Bentley Realtors, LLC
(305) 788-9393
Listed By:
Ekaterina D Brosda · License #A12065990
(305) 788-9393
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 2:33AM
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 Brosda & Bentley Realtors, LLC
Investment Insights
Based on property information with market context.
This 1,481-square-foot medical office suite at 2920 NE 207th Street, Suite 801, offers six private rooms within a fully permitted custom build-out. Existing plumbing and electrical infrastructure supports the current medical-office configuration, while the layout is suited to specialties including dermatology, plastic surgery, aesthetics, dentistry, ophthalmology, and cardiology.
The suite is located in a Class A office building completed in 2018 in Aventura. Surrounding amenities include Ruth’s Chris Steak House, Pura Vida, Mister O1, Bar Taco, and fitness destinations. The property is positioned for professional medical use with an established interior configuration already in place.
The suite is located in a Class A office building completed in 2018 in Aventura. Surrounding amenities include Ruth’s Chris Steak House, Pura Vida, Mister O1, Bar Taco, and fitness destinations. The property is positioned for professional medical use with an established interior configuration already in place.
Key Highlights
- 1,481‑square‑foot medical office suite in Aventura
- Six private rooms within a fully permitted custom build‑out
- 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
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 - Fully built-out suite includes private rooms and existing plumbing and electrical infrastructure.
Where is this medical office space located?
The property is located at 2920 NE 207th Street #801 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‑square‑foot medical office suite in Aventura; Six private rooms within a fully permitted custom build‑out; Existing plumbing and electrical infrastructure
