Medical Office Suite with Waiting
7241 SW 63rd Ave # B Unit 101-B, South Miami, FL 33143
For Sale
Contact for pricing
Recently updated interior includes three private offices, storage, and an assigned parking space.
Property Size814 SF
Price / SF$3.99
Days on Market10
Property Features for 7241 SW 63rd Ave # B Unit 101-B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cross Meyer Realty
Listed By:
Emanuele Gulino · License #3242410
Source:
Allyandaj
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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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Investment Insights
Based on property information with market context.
This 814-square-foot medical office suite was built in 1984 and is arranged with a waiting room, three offices, a storage closet, and one bathroom. Recent interior work includes fresh paint and new flooring.
The property is at 7241 SW 63rd Ave in South Miami, around the block from South Miami Hospital. One assigned parking space is included, with additional open parking available for guests.
The property is at 7241 SW 63rd Ave in South Miami, around the block from South Miami Hospital. One assigned parking space is included, with additional open parking available for guests.
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 includes three private offices, storage, and an assigned parking space.
Where is this medical office space located?
The property is located at 7241 SW 63rd Ave # B Unit 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
