Class A Medical Office
For Sale
Contact for pricing
410 W 41st St 103, Miami Beach, FL 33140
Professional medical office building with flexible lease terms.
Property Size69,379 SF
Lot Size0.33 Acres
Days on Market324
Property Features for 410 W 41st St 103
General Information
Standard status
Active
Size
69,379 SF
Lot size
0.33 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$283,718
Building Details
Building Size
69,379 SF
Year Built
1986
Stories
5
Listing Agency:
Aterra Real Estate Partners, LLC
Listed By:
Zandra Mederos · License #3299774
(786) 261-4921
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 17
Last Checked: Oct 16 at 10:25AM
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 Aterra Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
The Sheridan Center is a Class A professional medical office building comprising five floors. It is centrally located, offering proximity to Mount Sinai Hospital, Miami Beach, and the downtown area. The building provides curbside free valet service for tenant patients, customers, and visitors, with additional parking options. Lease terms are flexible, ranging from three to fifteen years. Multiple office spaces are available, ranging in size from 1,322 to 6,603 square feet.
Key Highlights
- Class A Medical Office Building
- Centrally located near Mount Sinai Hospital, Miami Beach, and downtown
- Free valet service for patients and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$914,138
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,282,760
$18.3M
Cap Rate 7%
$13,059,114
$13.1M
Cap Rate 9%
$10,157,089
$10.2M
Market Conditions
NOI Build-Up for 69,379 SF
Gross rent
$1.67M $24.00/SF
− Vacancy
−$141.5K −$2.04/SF
EGI
$1.52M $21.96/SF
− OpEx
−$609.4K −$8.78/SF
NOI
$914.1K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,282,760
Cap Rate 7%
$13,059,114
Cap Rate 9%
$10,157,089
Alternative Uses
Best Use
Office B
$26.27M
$22.99M – $30.65M
NOI $1,838,890 @ 7.0% cap · market cap 3,997,586.96%
Second Best
Healthcare Medical
$13.06M
$11.43M – $15.24M
NOI $914,138 @ 7.0% cap · market cap 1,987,256.52%
Theoretical Best
Office A
$35.20M
$30.80M – $41.07M
NOI $2,463,922 @ 7.0% cap · market cap 5,356,352.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional medical office building with flexible lease terms.
Where is this medical office space located?
The property is located at 410 W 41st St 103 Miami Beach, FL.
What are key features of this property?
This property features: Class A Medical Office Building; Centrally located near Mount Sinai Hospital, Miami Beach, and downtown; Free valet service for patients and visitors
