Medical Office Floor with Elevator
6141 SW 72nd Avenue #301-304, South Miami, FL 33143
For Sale
$6,950,000
A built-out medical office floor features direct elevator access and updated shared areas.
Property Size11,249 SF
Price / SF$617.83
Days on Market22
Property Features for 6141 SW 72nd Avenue #301-304
General Information
Standard status
Size
Class
Elevators
Property subtype
Space & Availability
Floor
Condition
Site & Location
Highway Access
Public Transit
Additional Details
Property Use
Amenities
commercial generator
newly renovated common areas
Building Details
Year Built
Buildings
Listing Agency:
Fortune Christie's International Real Estate
(305) 400-6393
Listed By:
Fabio Faerman · License #3045634
(786) 262-9966
Source:
Miznerpartners
Added: Oct 16
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Fortune Christie's International Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises the entire third floor of a Class A medical office building, including Suites 301–304 and 11,249 square feet. The space is built out for medical or office use, with direct elevator access. A commercial generator was installed in 2024, and the building’s common areas have been renovated. The property was built in 2006.
South Miami Hospital is directly across the street, and the South Miami Metrorail station is two blocks away. Access to US-1 and the Palmetto Expressway is available. On-site parking includes valet service and a garage.
South Miami Hospital is directly across the street, and the South Miami Metrorail station is two blocks away. Access to US-1 and the Palmetto Expressway is available. On-site parking includes valet service and a garage.
Key Highlights
- 11,249‑square‑foot medical office floor spanning Suites 301–304
- Direct elevator access to the third‑floor space
- Commercial generator installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,155
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,963,100
$6.0M
Cap Rate 7%
$4,259,357
$4.3M
Cap Rate 9%
$3,312,833
$3.3M
Market Conditions
NOI Build-Up for 11,249 SF
Gross rent
$513.0K $45.60/SF
− Vacancy
−$115.4K −$10.26/SF
EGI
$397.5K $35.34/SF
− OpEx
−$99.4K −$8.84/SF
NOI
$298.2K $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%
$5,963,100
Cap Rate 7%
$4,259,357
Cap Rate 9%
$3,312,833
Alternative Uses
Best Use
Office B
$4.26M
$3.73M – $4.97M
NOI $298,155 @ 7.0% cap · market cap 4.29%
Second Best
Healthcare Medical
$2.12M
$1.85M – $2.47M
NOI $148,217 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$5.71M
$4.99M – $6.66M
NOI $399,496 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,212
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
$768,900
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Miami-Dade County, FL
Properties on Market for Medical Office Space in Miami-Dade County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A built-out medical office floor features direct elevator access and updated shared areas.
Where is this medical office space located?
The property is located at 6141 SW 72nd Avenue #301-304 South Miami, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 11,249‑square‑foot medical office floor spanning Suites 301–304; Direct elevator access to the third‑floor space; Commercial generator installed in 2024
