Medical Office with Additional
For Sale
Contact for pricing
305-3850 Sw 87th Ave, Miami, FL 33174
A 926-square-foot office suite includes an interior bathroom and access to parking on the adjoining property.
Property Size926 SF
Price / SF$4.32
Days on Market8
Property Features for 305-3850 Sw 87th Ave
General Information
Standard status
Active
Size
926 SF
Taxes and HOA fees
Annual Taxes
$71,370
Building Details
Buildings
1
Listing Agency:
Century 21 BE3
(727) 596-1811
Listed By:
Rogert De Leon · License #A12090471
(305) 992-4503
Source:
Exprealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 12:03AM
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 Century 21 BE3
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office space offers 926 usable square feet and includes a bathroom. The adjoining vacant lot is part of the property and provides additional parking.
The property occupies the corner of SW 87th Avenue and Bird Road. Citibank is next door, with La Carreta and US Century Bank across the street.
The property occupies the corner of SW 87th Avenue and Bird Road. Citibank is next door, with La Carreta and US Century Bank across the street.
Key Highlights
- 926 usable SF with an interior bathroom
- Additional parking on the adjoining property, which is part of the building
- Corner location at SW 87th Ave and Bird Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,335
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,700
$306.7K
Cap Rate 7%
$219,071
$219.1K
Cap Rate 9%
$170,389
$170.4K
Market Conditions
NOI Build-Up for 926 SF
Gross rent
$27.8K $30.00/SF
− Vacancy
−$2.2K −$2.40/SF
EGI
$25.6K $27.60/SF
− OpEx
−$10.2K −$11.04/SF
NOI
$15.3K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,700
Cap Rate 7%
$219,071
Cap Rate 9%
$170,389
Alternative Uses
Best Use
Office B
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 664.13%
Second Best
Healthcare Medical
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 383.38%
Theoretical Best
Specialty Retail
$625.1K
$546.9K – $729.2K
NOI $43,754 @ 7.0% cap · market cap 1,093.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,679
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Tami Ami Trail Animal Clinic — 8750 SW 8th St, Miami, FL 33174
- Carballo Animal Clinic — 8468 SW 8th St, Miami, FL 33144
- Animal Care and Surgical Hospital — 8376 SW 8th St, Miami, FL 33144
- Elite Veterinary Hospital — 8376 SW 8th St, Miami, FL 33144
- West Flagler Animal Hospital — 8376 SW 8th St, Miami, FL 33144
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 926-square-foot office suite includes an interior bathroom and access to parking on the adjoining property.
Where is this medical office space located?
The property is located at 305-3850 Sw 87th Ave Miami, FL.
What are key features of this property?
This property features: 926 usable SF with an interior bathroom; Additional parking on the adjoining property, which is part of the building; Corner location at SW 87th Ave and Bird Road
