Medical Office Suite with Procedure
555 Biltmore Way #205 Coral Gables, FL 33134
New
555 Biltmore Way #205, Coral Gables, FL, 33134
$1,500,000
For Sale
$1,500,000
Medical office suite with seven procedure/office rooms, reception and waiting areas, and two bathrooms.
Property Size2,063 SF
Price / SF$727.10
Days on Market3
Property Features for 555 Biltmore Way #205
General Information
- Standard status
- Active
- Size
- 2,063 SF
Building Details
- Year Built
- 1984
Listing agency
BHHS EWM Realty
(305) 904-9890
Listed by
Adriana Verdeja-Arango · License #3513336
(305) 904-9890
Source
Laerrealty
Added: Jul 19 Updated: Jul 20 at 3:25AM Checked: Jul 21 at 3:06AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
Medical office suite available in a well-established Coral Gables medical building. The space is built out and currently configured for medical office use, featuring seven procedure rooms or office spaces, including two with 220V. Additional rooms include three file rooms that can be used as offices, an IT room, a copy room, a large reception area with a desk, and a large waiting area. There are two bathrooms within the suite, plus a laundry closet and an eat-in kitchen area.
Parking includes three reserved spaces under the building, three additional spaces in an adjacent lot, and plenty of street metered parking for guests. Association approval is required.
Suite #205 is offered for sale. Please contact the listing agent for additional details regarding the association approval process and any other requirements.
Parking includes three reserved spaces under the building, three additional spaces in an adjacent lot, and plenty of street metered parking for guests. Association approval is required.
Suite #205 is offered for sale. Please contact the listing agent for additional details regarding the association approval process and any other requirements.
Key Highlights
- Medical office suite in a Coral Gables medical building (2063 SF), built in 1984
- Suite includes 7 procedure rooms/office spaces, with 2 rooms featuring 220V
- Large reception area with desk and a large waiting area for patient/guest traffic
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 | $94.1k | $45.60 |
| − Vacancy | −$21.2k | −$10.26 |
| EGI | $72.9k | $35.34 |
| − OpEx | −$18.2k | −$8.84 |
| NOI | $54.7k | $26.51 |
2,063 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$781.1K
$683.5K – $911.3K
NOI $54,680 @ 7.0% cap · market cap 3.65%
Second Best
Healthcare Medical
$388.3K
$339.8K – $453.0K
NOI $27,182 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$1.05M
$915.8K – $1.22M
NOI $73,265 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Medical office suite with seven procedure/office rooms, reception and waiting areas, and two bathrooms.
Where is this medical office space located?
The property is located at 555 Biltmore Way #205 Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Medical office suite in a Coral Gables medical building (2063 SF), built in 1984; Suite includes 7 procedure rooms/office spaces, with 2 rooms featuring 220V; Large reception area with desk and a large waiting area for patient/guest traffic
