Medical Office Space with Expressway
New
For Sale
Contact for pricing
5590 W 20th Avenue, Hialeah, FL 33016
Multiple suite configurations include full-floor options for medical, professional, and educational occupancies.
Property Size20,400 SF
Price / SF$0.00
Days on Market4
Property Features for 5590 W 20th Avenue
General Information
Standard status
Active
Size
20,400 SF
Property subtype
Office
Additional Details
Property Use
Medical Office
Building Details
Year Built
1991
Listing Agency:
Keller Williams Legacy
(954) 358-6000
Listed By:
Roberto L Coalla Jr · License #0476929
(954) 873-4484
Source:
Lehmannflorida
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 25 at 2:40AM
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 Keller Williams Legacy
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Investment Insights
Based on property information with market context.
Medical office space is available in a 20,400-square-foot building constructed in 1991. Suite sizes range from 1,300 to 8,748 square feet, with full-floor configurations of 3,938 square feet on the second floor and 4,810 square feet on the fourth floor. Smaller suite options are also offered.
The property fronts the Palmetto Expressway and has street-level monument signage, with potential building signage also noted. Existing first-floor providers include general medicine, family medicine, and pediatric primary care; those practices are excluded from the available space. The listed potential uses include medical specialties, diagnostic services, therapy, dental, ancillary healthcare, professional offices, and educational or training facilities.
The property fronts the Palmetto Expressway and has street-level monument signage, with potential building signage also noted. Existing first-floor providers include general medicine, family medicine, and pediatric primary care; those practices are excluded from the available space. The listed potential uses include medical specialties, diagnostic services, therapy, dental, ancillary healthcare, professional offices, and educational or training facilities.
Key Highlights
- Suite options range from 1,300 to 8,748 SF
- Second‑floor configuration totals 3,938 SF; fourth‑floor option totals 4,810 SF
- 20,400‑square‑foot building constructed in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,609,600
$6.6M
Cap Rate 7%
$4,721,143
$4.7M
Cap Rate 9%
$3,672,000
$3.7M
Market Conditions
NOI Build-Up for 20,400 SF
Gross rent
$612.0K $30.00/SF
− Vacancy
−$61.2K −$3.00/SF
EGI
$550.8K $27.00/SF
− OpEx
−$220.3K −$10.80/SF
NOI
$330.5K $16.20/SF
Area
Hialeah, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,609,600
Cap Rate 7%
$4,721,143
Cap Rate 9%
$3,672,000
Alternative Uses
Best Use
Office B
$5.63M
$4.92M – $6.56M
NOI $393,822 @ 7.0% cap · market cap 1,358,006.90%
Second Best
Healthcare Medical
$4.72M
$4.13M – $5.51M
NOI $330,480 @ 7.0% cap · market cap 1,139,586.21%
Theoretical Best
Office A
$8.03M
$7.03M – $9.37M
NOI $562,061 @ 7.0% cap · market cap 1,938,141.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,532
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple suite configurations include full-floor options for medical, professional, and educational occupancies.
Where is this medical office space located?
The property is located at 5590 W 20th Avenue Hialeah, FL.
What are key features of this property?
This property features: Suite options range from 1,300 to 8,748 SF; Second‑floor configuration totals 3,938 SF; fourth‑floor option totals 4,810 SF; 20,400‑square‑foot building constructed in 1991
