Commercial Condo Near
For Sale
$3,125,000
6141 Sunset Drive, South Miami, FL 33143
Commercial condominium near hospitals and transportation.
Property Size5,962 SF
Days on Market306
Property Features for 6141 Sunset Drive
General Information
Standard status
Active
Size
5,962 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
5,962 SF
Year Built
2006
Listing Agency:
NAI Miami | Fort Lauderdale
Listed By:
Edward Schmidt · License #0473167
(786) 697-6223
Source:
Commercialcafe
Added: Dec 22, 2025
Changed: Oct 16
Last Checked: Oct 23 at 3:59AM
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 NAI Miami | Fort Lauderdale
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Investment Insights
Based on property information with market context.
This commercial condominium, constructed in 2006, benefits from stable board leadership and management since its establishment. The common areas, including hallways, lobbies, and elevator vestibules, were renovated in November 2024, featuring new 4-foot by 4-foot stone flooring, wallpaper, and ceiling accents. The building provides ample parking with complimentary valet service for visitors and access via two garage entrances. The property is within walking distance of Baptist South Miami and Larkin Community Hospital. It is located two blocks from the South Miami Metrorail Station, just west of South Dixie Highway, and offers convenient access to the Palmetto Expressway (SR-826). The location is also close to the shops and restaurants of Downtown South Miami. The property size is 54000 square feet.
Key Highlights
- Renovated common areas with new stone flooring, wallpaper, and ceiling accents (November 2024).
- Walking distance to Baptist South Miami & Larkin Community Hospital.
- Ample parking with free valet service for visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,023
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,160,460
$3.2M
Cap Rate 7%
$2,257,471
$2.3M
Cap Rate 9%
$1,755,811
$1.8M
Market Conditions
NOI Build-Up for 5,962 SF
Gross rent
$271.9K $45.60/SF
− Vacancy
−$61.2K −$10.26/SF
EGI
$210.7K $35.34/SF
− OpEx
−$52.7K −$8.84/SF
NOI
$158.0K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,160,460
Cap Rate 7%
$2,257,471
Cap Rate 9%
$1,755,811
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.63M
NOI $158,023 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$1.12M
$981.9K – $1.31M
NOI $78,555 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$3.02M
$2.65M – $3.53M
NOI $211,734 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,212
Businesses Nearby
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Business Placement
Demographics for 33143, FL
34,853
Population
15,374
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
4,468
Density / Sq Mi
$80,924
Median Household Income
$52,864
Median Earnings
$1,823
Median Rent
$768,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condominium near hospitals and transportation.
Where is this office unit located?
The property is located at 6141 Sunset Drive South Miami, FL.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Renovated common areas with new stone flooring, wallpaper, and ceiling accents (November 2024).; Walking distance to Baptist South Miami & Larkin Community Hospital.; Ample parking with free valet service for visitors.
