Medical Office
New
For Sale
$550,000
307-3600 Red Rd, Miramar, FL 33025
An adaptable interior with removable walls allows the space to be reconfigured.
Property Size1,074 SF
Price / SF$512.10
Days on Market6
Property Features for 307-3600 Red Rd
General Information
Standard status
Active
Size
1,074 SF
Additional Details
Road Access
Yes
Listing Agency:
Henderson Realty Enterprises Corp
(305) 825-1444
Listed By:
Antonio Woodbury
(786) 759-8692
Source:
Exprealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:41PM
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 Henderson Realty Enterprises Corp
Investment Insights
Based on property information with market context.
This medical office suite contains approximately 1,074 square feet, with removable interior walls that allow the layout to be changed. The space is located along Red Road in Miramar, near Memorial Hospital Miramar and a recently opened emergency facility.
Restaurants, retail, and everyday services are within walking distance. New apartment development is underway in the surrounding area, and an anchor retail store is anticipated in 2027.
Restaurants, retail, and everyday services are within walking distance. New apartment development is underway in the surrounding area, and an anchor retail store is anticipated in 2027.
Key Highlights
- Approximately 1,074 SF of medical office space
- Removable interior walls support changes to the suite layout
- Located along Red Road in Miramar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,442
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,840
$328.8K
Cap Rate 7%
$234,886
$234.9K
Cap Rate 9%
$182,689
$182.7K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$29.0K $27.00/SF
− Vacancy
−$1.6K −$1.49/SF
EGI
$27.4K $25.51/SF
− OpEx
−$11.0K −$10.21/SF
NOI
$16.4K $15.31/SF
Area
Miramar, FL
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,840
Cap Rate 7%
$234,886
Cap Rate 9%
$182,689
Alternative Uses
Best Use
Healthcare Medical
$234.9K
$205.5K – $274.0K
NOI $16,442 @ 7.0% cap · market cap 2.99%
Second Best
Office B
$172.1K
$150.6K – $200.8K
NOI $12,049 @ 7.0% cap · market cap 2.19%
Theoretical Best
Specialty Retail
$499.8K
$437.3K – $583.1K
NOI $34,987 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33025, FL
75,455
Population
30,260
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
7,118
Density / Sq Mi
$68,120
Median Household Income
$41,231
Median Earnings
$1,945
Median Rent
$339,400
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?
Medical Office Space - An adaptable interior with removable walls allows the space to be reconfigured.
Where is this medical office space located?
The property is located at 307-3600 Red Rd Miramar, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 1,074 SF of medical office space; Removable interior walls support changes to the suite layout; Located along Red Road in Miramar
