Medical Office
7241 SW 63rd Ave #101-B, South Miami, FL 33143
For Sale
Contact for pricing
Recently updated interior with a waiting area, private offices, and guest parking supports medical office use.
Property Size814 SF
Price / SF$3.99
Days on Market10
Property Features for 7241 SW 63rd Ave #101-B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Property Use
Amenities
Parcel Number: 09-40-36-076-0020, Public Survey Range: 40, Public Survey Section: 36, Public Survey Township: 40, Annual Amount: $5,608, Legal Description: OFFICE VILLAGE CONDO II UNIT 102-A UNDIV 7.7364% INT IN COMMON ELEMENTS OFF REC 12291-2859 OR 13483-753 1187 4, Zoning: 4800
Central Individual A/C
Listing ID: A12114624, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-10-28, 1 day on market, Special Conditions: Lease
1 total parking space, Common
Built in 1984, Living area units: Square Feet, 2 stories
County/Parish: Miami-Dade County
Leasable area: 814, Leasable area units: Square Feet
Water Source: Public
Accessible Parking
Building Details
Year Built
Listing Agency:
Cross Meyer Realty
(305) 234-2589
Listed By:
Emanuele Gulino · License #3242410
(786) 325-2185
Source:
Riserealty
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 2:06PM
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 Cross Meyer Realty
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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 814-square-foot medical office suite includes a waiting room, three offices, a storage closet, and one bathroom. Recent interior work includes fresh paint and new flooring. One parking space is assigned to the suite, with additional open parking available for guests.
The property at 7241 SW 63rd Ave is near South Miami Hospital. Built in 1984, the suite is located in a professional plaza.
The property at 7241 SW 63rd Ave is near South Miami Hospital. Built in 1984, the suite is located in a professional plaza.
Key Highlights
- 814‑square‑foot medical office suite
- Waiting room, 3 offices, storage closet, and 1 bathroom
- Recently painted with new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,725
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,500
$214.5K
Cap Rate 7%
$153,214
$153.2K
Cap Rate 9%
$119,167
$119.2K
Market Conditions
NOI Build-Up for 814 SF
Gross rent
$19.5K $24.00/SF
− Vacancy
−$1.7K −$2.04/SF
EGI
$17.9K $21.96/SF
− OpEx
−$7.2K −$8.78/SF
NOI
$10.7K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,500
Cap Rate 7%
$153,214
Cap Rate 9%
$119,167
Alternative Uses
Best Use
Office B
$308.2K
$269.7K – $359.6K
NOI $21,575 @ 7.0% cap · market cap 663.85%
Second Best
Healthcare Medical
$153.2K
$134.1K – $178.8K
NOI $10,725 @ 7.0% cap · market cap 330.00%
Theoretical Best
Office A
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 889.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Recently updated interior with a waiting area, private offices, and guest parking supports medical office use.
Where is this medical office space located?
The property is located at 7241 SW 63rd Ave #101-B South Miami, FL.
What are key features of this property?
This property features: 814‑square‑foot medical office suite; Waiting room, 3 offices, storage closet, and 1 bathroom; Recently painted with new flooring
