Turnkey Medical Office
470 Northwest 22nd Avenue Miami, FL 33125
470 Northwest 22nd Avenue, Miami, FL, 33125
$1,125,000
For Sale
$1,125,000
Freestanding, fully remodeled office building with six private offices, two full bathrooms, and seven on-site parking spaces.
Property Size2,300 SF
Price / SF$489.13
Days on Market151
Property Features for 470 Northwest 22nd Avenue
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1952
Listing agency
Keller Williams Capital Realty
(786) 278-0380
Listed by
Damaris Cheang · License #3282026
(786) 278-0380
Source
Compass
Added: Feb 21 Updated: Jul 21 at 6:24AM Checked: Jul 21 at 6:24AM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This freestanding commercial office building has been fully remodeled and is presented turnkey. The interior layout includes six private offices and two full bathrooms. Fresh interior and exterior paint supports a clean, move-in-ready appearance for an appropriate professional or office-oriented user.
The property is positioned in a high-traffic Miami location and is described as offering strong street visibility and excellent accessibility, supported by its freestanding configuration. Parking is available on site with seven spaces.
For day-to-day operations, the space is configured for separate work areas through multiple private offices while maintaining convenient access to restrooms through two full bathrooms.
The property is positioned in a high-traffic Miami location and is described as offering strong street visibility and excellent accessibility, supported by its freestanding configuration. Parking is available on site with seven spaces.
For day-to-day operations, the space is configured for separate work areas through multiple private offices while maintaining convenient access to restrooms through two full bathrooms.
Key Highlights
- Freestanding 1‑story commercial office building built in 1952 with CBS construction and a concrete roof
- Approximately 2,300 SF of interior space with electric heating and vinyl flooring
- Layout includes 6 private offices plus 2 full bathrooms (2 toilets total)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.5k | $45.00 |
| − Vacancy | −$15.5k | −$6.75 |
| EGI | $88.0k | $38.25 |
| − OpEx | −$22.0k | −$9.56 |
| NOI | $66.0k | $28.69 |
2,300 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$942.6K
$824.8K – $1.10M
NOI $65,981 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$544.1K
$476.1K – $634.8K
NOI $38,088 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,676 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Freestanding, fully remodeled office building with six private offices, two full bathrooms, and seven on-site parking spaces.
Where is this medical office space located?
The property is located at 470 Northwest 22nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Freestanding 1‑story commercial office building built in 1952 with CBS construction and a concrete roof; Approximately 2,300 SF of interior space with electric heating and vinyl flooring; Layout includes 6 private offices plus 2 full bathrooms (2 toilets total)
