Medical Office Suite in Medical
555 Biltmore Way Coral Gables, FL 33134
New
555 Biltmore Way, Coral Gables, FL, 33134
$1,500,000
For Sale
$1,500,000
SINGLE_FAMILY - Coral Gables, FL
Property Size2,063 SF
Price / SF$727.10
Days on Market2
Property Features for 555 Biltmore Way
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Assigned, Garage
- Standard status
- Active
- APN
- 03-41-17-030-0110
Taxes and HOA fees
- Tax Description
- 555 MEDICAL CENTER CONDO UNIT 205 UNDIV 13.7985% INT IN COMMON ELEMENTS OFF REC 11611-1108 OR 17535-2107 0297 1
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1984
- Flooring type
- Tile
- Building materials
- Block
Listing Agency
BHHS EWM Realty
(305) 960-2400
550 S Dixie Highway, MIAMI, FL
Listed by
Adriana Verdeja-Arango · License #3513336
(305) 904-9890
Added: Jul 17 Checked: Jul 18 at 7:06 am
MLS# A12055771
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Medical office suite in a well-established Coral Gables medical building, built out and previously used as a medical office. The space includes seven procedure rooms or office spaces, including two rooms with 220V service. Additional interior features 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.
The suite has two bathrooms within the space, along with 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 guest street metered parking. Association approval is required, and additional details are available through the listing agent.
The suite has two bathrooms within the space, along with 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 guest street metered parking. Association approval is required, and additional details are available through the listing agent.
Key Highlights
- 2063 SF medical office suite in a well‑established Coral Gables medical building.
- Suite features 7 procedure rooms/office spaces, including 2 with 220V power.
- Includes large reception and waiting area, plus IT room, copy room, and 3 file rooms that can be offices.
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
Property Profile
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 multiple procedure and office rooms, reception and waiting areas, and on-suite restrooms.
Where is this medical office space located?
The property is located at 555 Biltmore Way 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: 2063 SF medical office suite in a well‑established Coral Gables medical building.; Suite features 7 procedure rooms/office spaces, including 2 with 220V power.; Includes large reception and waiting area, plus IT room, copy room, and 3 file rooms that can be offices.
