Medical Office and Medspa
For Sale
$3,900,000
530 NW 54th St, Miami, FL 33127
Existing improvements support a multi-provider medical office or medspa, with flexibility to repurpose for other commercial uses.
Property Size9,100 SF
Days on Market99
Property Features for 530 NW 54th St
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Office
Zoning
T5-O
Building Details
Building Size
9,100 SF
Year Built
1945
Listing Agency:
Metro 1
Listed By:
Juan Nava · License #3649427
(954) 864-6274
Source:
Vanessafrankmiami
Added: Jun 2
Changed: Sep 8
Last Checked: Sep 8 at 12:26PM
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 Metro 1
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$261,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,221,120
$5.2M
Cap Rate 7%
$3,729,371
$3.7M
Cap Rate 9%
$2,900,622
$2.9M
Market Conditions
NOI Build-Up for 9,100 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $261,056 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$6.14M
$5.37M – $7.17M
NOI $429,979 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
