Medical Office Condo
6141 SW 72nd Avenue 502, South Miami, FL 33143
For Sale
$1,400,000
Fifth-floor space in a Class A medical building includes elevator service and access to valet and garage parking.
Property Size1,950 SF
Days on Market27
Property Features for 6141 SW 72nd Avenue 502
General Information
Standard status
Size
Class
Elevators
Property subtype
Space & Availability
Floor
Condition
Site & Location
Highway Access
Public Transit
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Fortune Christie's International Real Estate
Listed By:
Fabio Faerman · License #3045634
(786) 262-9966
Source:
Silverleafrealtygroup
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 11:56AM
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.
This 1,950-square-foot medical office condominium occupies the fifth floor of a Class A building completed in 2006. The suite is built out for office or medical use, with elevator service to the floor. Shared areas have been renovated, and parking is available in a garage and through valet service.
South Miami Hospital is across the street, while the South Miami Metrorail station is two blocks away. Downtown South Miami shops and restaurants are within walking distance, with access to US-1 and the Palmetto Expressway.
South Miami Hospital is across the street, while the South Miami Metrorail station is two blocks away. Downtown South Miami shops and restaurants are within walking distance, with access to US-1 and the Palmetto Expressway.
Key Highlights
- 1,950‑square‑foot medical office condominium on the fifth floor
- Class A medical office building completed in 2006
- Across from South Miami Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,416
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,320
$1.1M
Cap Rate 7%
$777,371
$777.4K
Cap Rate 9%
$604,622
$604.6K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$86.6K $44.40/SF
− Vacancy
−$14.0K −$7.19/SF
EGI
$72.6K $37.21/SF
− OpEx
−$18.1K −$9.30/SF
NOI
$54.4K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,320
Cap Rate 7%
$777,371
Cap Rate 9%
$604,622
Alternative Uses
Best Use
Office B
$777.4K
$680.2K – $906.9K
NOI $54,416 @ 7.0% cap · market cap 3.89%
Second Best
Healthcare Medical
$426.5K
$373.2K – $497.6K
NOI $29,853 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$1.06M
$931.7K – $1.24M
NOI $74,539 @ 7.0% cap · market cap 5.32%
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
Similar Off Market Nearby
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- Miami Veterinary Internists — 6394 S Dixie Hwy, South Miami, FL 33143
- Calicchio Kristina DVM — 6394 S Dixie Hwy, South Miami, FL 33143
- Pet 911 Clinics — 6380 S Dixie Hwy, Miami, FL 33143
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fifth-floor space in a Class A medical building includes elevator service and access to valet and garage parking.
Where is this medical office space located?
The property is located at 6141 SW 72nd Avenue 502 South Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1,950‑square‑foot medical office condominium on the fifth floor; Class A medical office building completed in 2006; Across from South Miami Hospital
