Medical Office
For Sale
$1,900,000
3288 NW 36th St 3270 & 3288, Miami, FL 33142
Two adjacent buildings offer clinical layouts with flexibility for conventional office use.
Property Size6,088 SF
Lot Size0.47 Acres
Price / SF$312.09
Days on Market52
Property Features for 3288 NW 36th St 3270 & 3288
General Information
Standard status
Active
Size
6,088 SF
Lot size
0.47 Acres
Zoning
T6-8-O
Building Details
Year Built
1950
Buildings
3
Listing Agency:
Douglas Elliman
Listed By:
Brian Carter PA · License #3022095
(305) 695-6300
Source:
Mymiahomes
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 7 at 2:57PM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
The property includes two adjacent office buildings totaling 6,088 SF, configured for medical and rehabilitation operations. Interior layouts include examination, imaging, office, treatment, and rehabilitation areas, while the buildings may also support standard office use. The improvements date to 1950 and include both one- and two-story structures.
A separate 2/1 house occupies the rear portion of the assemblage and fronts NW 35th St. Paved parking serves the office buildings on NE 36th St. The assemblage combines three folio numbers and includes 20,350 SF of total land. The office portion comprises 13,500 SF zoned T6-8-O, with stated development parameters of up to 46 units and 8 stories. The rear 6,850 SF parcel is zoned RU-3/duplex in Miami-Dade County.
A separate 2/1 house occupies the rear portion of the assemblage and fronts NW 35th St. Paved parking serves the office buildings on NE 36th St. The assemblage combines three folio numbers and includes 20,350 SF of total land. The office portion comprises 13,500 SF zoned T6-8-O, with stated development parameters of up to 46 units and 8 stories. The rear 6,850 SF parcel is zoned RU-3/duplex in Miami-Dade County.
Key Highlights
- Two adjacent office buildings totaling 6,088 SF
- Medical and rehabilitation layouts with examination, imaging, office, and treatment areas
- One- and two‑story improvements built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,650
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,493,000
$3.5M
Cap Rate 7%
$2,495,000
$2.5M
Cap Rate 9%
$1,940,556
$1.9M
Market Conditions
NOI Build-Up for 6,088 SF
Gross rent
$274.0K $45.00/SF
− Vacancy
−$41.1K −$6.75/SF
EGI
$232.9K $38.25/SF
− OpEx
−$58.2K −$9.56/SF
NOI
$174.6K $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%
$3,493,000
Cap Rate 7%
$2,495,000
Cap Rate 9%
$1,940,556
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,650 @ 7.0% cap · market cap 9.19%
Second Best
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $100,817 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$4.11M
$3.60M – $4.79M
NOI $287,661 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two adjacent buildings offer clinical layouts with flexibility for conventional office use.
Where is this medical office space located?
The property is located at 3288 NW 36th St 3270 & 3288 Miami, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two adjacent office buildings totaling 6,088 SF; Medical and rehabilitation layouts with examination, imaging, office, and treatment areas; One- and two‑story improvements built in 1950
