Office Condo Near Baptist
7374 SW 93rd Ave B Miami, FL 33173
For Sale
$1,600,000
Versatile office condo, ideal for medical or professional use.
Property Size2,756 SF
Price / SF$580.55
Days on Market95
Property Features for 7374 SW 93rd Ave B
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
Coldwell Banker Realty
(305) 975-4205
Listed By:
Daniel Martinez · License #0560978
(305) 975-4205
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 8:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This versatile office condominium is suitable for medical or professional use. The property features 10 assigned covered parking spaces and is moderately and beautifully decorated. The space, totaling 2,756 square feet including the balcony as per the architect’s plan, is divided into two separate offices. One office is owner-occupied, while the other is leased, providing additional income. This layout offers flexibility for an owner-user to occupy part of the space while generating rental income, or to combine both units into one larger operation. The property is conveniently located approximately 1.5 miles from Baptist Hospital, minutes from South Miami, and with easy access to major expressways. The location has a bike score of 58, indicating it is bikeable, a walk score of 69, indicating it is somewhat walkable, and a transit score of 37, indicating some transit options are available.
Key Highlights
- Income‑generating property: Leased portion provides additional income
- Flexible layout: Can be used as two separate offices or combined into one
- 10 assigned covered parking spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.0k | $45.00 |
| − Vacancy | −$18.6k | −$6.75 |
| EGI | $105.4k | $38.25 |
| − OpEx | −$26.4k | −$9.56 |
| NOI | $79.1k | $28.69 |
2,756 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$988.3K – $1.32M
NOI $79,063 @ 7.0% cap · market cap 4.94%
Second Best
Healthcare Medical
$652.0K
$570.5K – $760.7K
NOI $45,639 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,222 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Versatile office condo, ideal for medical or professional use.
Where is this office units located?
The property is located at 7374 SW 93rd Ave B Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Income‑generating property: Leased portion provides additional income; Flexible layout: Can be used as two separate offices or combined into one; 10 assigned covered parking spaces
