Ground-Floor Medical Office
For Sale
Contact for pricing
4770 Biscayne Blvd, Miami, FL 33137
Move-in ready ground-floor office condo with three non-subdivisible medical suites, renovated in 2006, plus 10 on-site parking spaces.
Property Size5,764 SF
Price / SF$650
Days on Market345
Property Features for 4770 Biscayne Blvd
General Information
Standard status
Active
Size
5,764 SF
Total Parking Spaces
10
Elevators
Yes
Property subtype
OFFICE
Additional Details
Floor
Ground Floor
Road Access
Yes
Office Units
3
Amenities
upgraded lighting
stylish lobby
Building Details
Year Renovated
2006
Listing Agency:
Lee & Associates | Miami
(786) 473-9227
Listed By:
Bert Checa · License ##SL3085421
(786) 473-9227
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 29
Last Checked: Jul 31 at 1:32PM
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 Lee & Associates | Miami
Investment Insights
Based on property information with market context.
This move-in ready ground-floor office condo space includes three non-subdivisible suites and was previously built out as a traditional medical office with second-generation improvements. The 4770 Building was fully renovated in 2006 and features modern systems, smart elevators, upgraded lighting, and a lobby with terrazzo flooring and slate walls.
The property offers ten on-site parking spaces and direct street and sidewalk access, supporting convenient day-to-day arrivals. Medical use permissions are included, adding to the property’s usability for qualified medical operations.
The configuration is set up as three suites within a single ground-floor offering, providing a straightforward layout for an owner-occupant or medical user seeking an immediately usable space.
The property offers ten on-site parking spaces and direct street and sidewalk access, supporting convenient day-to-day arrivals. Medical use permissions are included, adding to the property’s usability for qualified medical operations.
The configuration is set up as three suites within a single ground-floor offering, providing a straightforward layout for an owner-occupant or medical user seeking an immediately usable space.
Key Highlights
- Ground‑floor office condo with 5,764 SF total and direct street and sidewalk access
- Includes three non‑subdivisible suites previously built out as a traditional medical office with second‑generation improvements
- 4770 Building fully renovated in 2006 with modern systems and upgraded lighting
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 | $259.4k | $45.00 |
| − Vacancy | −$38.9k | −$6.75 |
| EGI | $220.5k | $38.25 |
| − OpEx | −$55.1k | −$9.56 |
| NOI | $165.4k | $28.69 |
5,764 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,355 @ 7.0% cap · market cap 4.41%
Second Best
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,452 @ 7.0% cap · market cap 2.55%
Theoretical Best
Specialty Retail
$3.89M
$3.40M – $4.54M
NOI $272,352 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,023
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Biscayne Vet Center — 5841 Biscayne Blvd #2638, Miami, FL 33137
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready ground-floor office condo with three non-subdivisible medical suites, renovated in 2006, plus 10 on-site parking spaces.
Where is this medical office space located?
The property is located at 4770 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $3,746,600.
What are key features of this property?
This property features: Ground‑floor office condo with 5,764 SF total and direct street and sidewalk access; Includes three non‑subdivisible suites previously built out as a traditional medical office with second‑generation improvements; 4770 Building fully renovated in 2006 with modern systems and upgraded lighting
