Medical Office with Attached
3240 NW 7th St, Miami, FL 33125
For Sale
New
$2,000,000
An office-style apartment is connected to the building, and parking is available at the front.
Property Size2,733 SF
Price / SF$731.80
Days on Market7
Property Features for 3240 NW 7th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Currently Operating
Property Use
Medical Specialty
Building Details
Building Size
Year Built
Listing Agency:
The Source Real Estate
(305) 462-7820
Listed By:
Yasnely Gomez Ferreira
(786) 600-5919
Source:
Aimcapitalrealty
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 4:10PM
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 The Source Real Estate
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Investment Insights
Based on property information with market context.
This 2,733-square-foot medical office property was built in 1944 and is currently used as a veterinary clinic. An attached office-style apartment forms part of the property, with parking at the front of the building.
The property is at 3240 NW 7th St in Miami, Florida, on Flagler. The listing notes heavy daily traffic and convenient access.
The property is at 3240 NW 7th St in Miami, Florida, on Flagler. The listing notes heavy daily traffic and convenient access.
Key Highlights
- 2,733‑square‑foot medical office property
- Currently operating as a veterinary clinic
- Attached office‑style apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,403
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,060
$1.6M
Cap Rate 7%
$1,120,043
$1.1M
Cap Rate 9%
$871,144
$871.1K
Market Conditions
NOI Build-Up for 2,733 SF
Gross rent
$123.0K $45.00/SF
− Vacancy
−$18.4K −$6.75/SF
EGI
$104.5K $38.25/SF
− OpEx
−$26.1K −$9.56/SF
NOI
$78.4K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,060
Cap Rate 7%
$1,120,043
Cap Rate 9%
$871,144
Alternative Uses
Best Use
Office B
$1.12M
$980.0K – $1.31M
NOI $78,403 @ 7.0% cap · market cap 3.92%
Second Best
Healthcare Medical
$646.5K
$565.7K – $754.3K
NOI $45,258 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,135 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,660
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Miami, FL
Properties on Market for Medical Office Space in Miami
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Gables Animal Clinic — 1607 Ponce de Leon STE 105, Coral Gables, FL 33134
- Parajon Animal Clinic — 2751 SW 8th St, Miami, FL 33135
- Vet Allergy Care LLC — 330 SW 27th Ave, Miami, FL 33135
- Miami Pet Clinic — 2485 W Flagler St # 3, Miami, FL 33135
Frequently Asked Questions
What type of property is this?
Medical Office Space - An office-style apartment is connected to the building, and parking is available at the front.
Where is this medical office space located?
The property is located at 3240 NW 7th St Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 2,733‑square‑foot medical office property; Currently operating as a veterinary clinic; Attached office‑style apartment
