Renovated Dental Medical
3944 West Flagler Street, Miami, FL 33134
For Sale
$1,700,000
Freestanding clinical office with dental operatories, imaging capability, dedicated lab, and on-site parking.
Property Size3,120 SF
Days on Market48
Property Features for 3944 West Flagler Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
RE/MAX 360 Real Estate
Listed By:
Billy Planes · License #A11882925
(305) 772-8513
Source:
Commercialcafe
Added: Sep 21
Changed: Nov 2
Last Checked: Nov 6 at 5:23AM
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 RE/MAX 360 Real Estate
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Investment Insights
Based on property information with market context.
Freestanding medical office configured for dental use, with three operatories, a dedicated lab, imaging capability, and a private office. The facility has been recently renovated and includes an existing clinical layout suited to patient care. Built in 1976, the property provides a specialized alternative to converting conventional office space.
The building occupies the southeast corner of West Flagler Street and SW 39th Court in Miami’s Flagler corridor, with 11 on-site parking spaces along West Flagler Street. West Flagler Street carries approximately 38,000 vehicles per day. The property is approximately 1.7 miles, or a 5-minute drive, from Miami International Airport and is minutes from Coral Gables.
The building occupies the southeast corner of West Flagler Street and SW 39th Court in Miami’s Flagler corridor, with 11 on-site parking spaces along West Flagler Street. West Flagler Street carries approximately 38,000 vehicles per day. The property is approximately 1.7 miles, or a 5-minute drive, from Miami International Airport and is minutes from Coral Gables.
Key Highlights
- Recently renovated freestanding dental facility
- Three operatories with dedicated lab and imaging capability
- Private office and existing clinical configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,505
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,100
$1.8M
Cap Rate 7%
$1,278,643
$1.3M
Cap Rate 9%
$994,500
$994.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$140.4K $45.00/SF
− Vacancy
−$21.1K −$6.75/SF
EGI
$119.3K $38.25/SF
− OpEx
−$29.8K −$9.56/SF
NOI
$89.5K $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%
$1,790,100
Cap Rate 7%
$1,278,643
Cap Rate 9%
$994,500
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,505 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$738.1K
$645.8K – $861.1K
NOI $51,667 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,421 @ 7.0% cap · market cap 8.67%
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
2,529
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Miami, FL
Properties on Market for Medical Office Space in Miami
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding clinical office with dental operatories, imaging capability, dedicated lab, and on-site parking.
Where is this medical office space located?
The property is located at 3944 West Flagler Street Miami, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Recently renovated freestanding dental facility; Three operatories with dedicated lab and imaging capability; Private office and existing clinical configuration
