Building Details

Building Size 9,100 SF

Year Built 1945

Listing Agency: Metro 1

Listed By: Juan Nava · License #3649427 Show Phone

Source: Vanessafrankmiami

Added: Jun 2 Changed: Oct 16 Last Checked: Oct 21 at 5:02AM

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Investment Insights

Based on property information with market context.

The property includes existing improvements suited for a multi-provider medical office or medspa operator, offering a plug-and-play style setup for that use. The building may also be repurposed for creative office use or reconfigured as a multi-tenant retail building, depending on the buyer’s plan.

Located at 530 NW 54th St in Miami, Florida, the property is listed as zoned T5-O. T5-O allows for an ample range of commercial uses, and the site offers 5 stories of development potential.

Key Highlights

• Year built 1945 building with existing improvements for a multi‑provider medical office or medspa
• T5‑O zoning supports a wide range of commercial uses
• 5 stories of development potential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$261,056

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,221,120 $5.2M

Cap Rate 7%

$3,729,371 $3.7M

Cap Rate 9%

$2,900,622 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$409.5K $45.00/SF

− Vacancy

−$61.4K −$6.75/SF

EGI

$348.1K $38.25/SF

− OpEx

−$87.0K −$9.56/SF

NOI

$261.1K $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%

$5,221,120

Cap Rate 7%

$3,729,371

Cap Rate 9%

$2,900,622

Alternative Uses

Best Use

Office B

$3.73M

$3.26M – $4.35M (±1% cap)

NOI $261,056 @ 7.0% cap · market cap 6.69%

Second Best

Healthcare Medical

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,696 @ 7.0% cap · market cap 3.86%

Theoretical Best

Specialty Retail

$6.14M

$5.37M – $7.17M (±1% cap)

NOI $429,979 @ 7.0% cap · market cap 11.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dr Patty Miami ... Dental Office MAG Builders, LLC Construction Company Kirby Bathroom Remodeler ... Renovation Specialist

Suggested Use

Top Pick Dental Office Garden Center Parking Lot & Garage Butcher Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,570

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33127, FL

27,692

Population

11,245

Households

2.5

Avg Household Size

37

Median Age

13%

College-Educated

69%

High-School Grad

3.3 sq mi

ZIP Area

8,392

Density / Sq Mi

$41,125

Median Household Income

$30,240

Median Earnings

$1,394

Median Rent

$398,800

Median Home Value

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019

16.3% 2020

17% 2021

16.1% 2022

15% 2023

16.1% 2024

15.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing improvements support a multi-provider medical office or medspa, with flexibility to repurpose for other commercial uses.

Where is this medical office space located?

The property is located at 530 NW 54th St Miami, FL.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Year built 1945 building with existing improvements for a multi‑provider medical office or medspa; T5‑O zoning supports a wide range of commercial uses; 5 stories of development potential