Medical Office Suite with
7330 SW 62nd Pl #320A, South Miami, FL 33143
For Sale
$770,000
Seven rooms, a reception area, and a private bathroom support a range of medical office configurations.
Property Size1,137 SF
Price / SF$677.22
Days on Market18
Property Features for 7330 SW 62nd Pl #320A
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Additional Details
Property Use
Amenities
on-site parking with valet service
Building Details
Building Size
Year Built
Listing Agency:
Avanti Way Commercial
(786) 512-3745
Listed By:
Robyn Meyers
(973) 600-6055
Source:
Futureoptionrealty
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 8 at 1:24PM
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 Avanti Way Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,137-square-foot medical office suite has seven rooms, a reception area, and one private bathroom. A second bathroom is shared in the hallway. The building has elevator access and on-site parking with valet service.
The suite is across from Baptist South Miami Hospital in South Miami, Florida.
The suite is across from Baptist South Miami Hospital in South Miami, Florida.
Key Highlights
- 1,137‑square‑foot medical office suite
- Seven rooms and a reception area
- One private bathroom, plus a shared hallway bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,728
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,560
$634.6K
Cap Rate 7%
$453,257
$453.3K
Cap Rate 9%
$352,533
$352.5K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$50.5K $44.40/SF
− Vacancy
−$8.2K −$7.19/SF
EGI
$42.3K $37.21/SF
− OpEx
−$10.6K −$9.30/SF
NOI
$31.7K $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%
$634,560
Cap Rate 7%
$453,257
Cap Rate 9%
$352,533
Alternative Uses
Best Use
Office B
$453.3K
$396.6K – $528.8K
NOI $31,728 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$248.7K
$217.6K – $290.1K
NOI $17,406 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$620.9K
$543.3K – $724.4K
NOI $43,462 @ 7.0% cap · market cap 5.64%
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 - Seven rooms, a reception area, and a private bathroom support a range of medical office configurations.
Where is this medical office space located?
The property is located at 7330 SW 62nd Pl #320A South Miami, FL.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 1,137‑square‑foot medical office suite; Seven rooms and a reception area; One private bathroom, plus a shared hallway bathroom
