First-Floor Medical Office
For Sale
$1,750,000
7765 SW 87th Ave 101a, Miami, FL 33173
Configured with reception, private offices, work areas, and flexible support space for medical office operations.
Property Size2,920 SF
Price / SF$599.32
Days on Market41
Property Features for 7765 SW 87th Ave 101a
General Information
Standard status
Active
Size
2,920 SF
Building Details
Year Built
1996
Listing Agency:
BHHS EWM Realty
Listed By:
Drew Kern · License #0628522
(305) 329-7744
Source:
Thepennteam
Added: Sep 4
Changed: Oct 14
Last Checked: Oct 7 at 2:38PM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This 2,920-square-foot medical office condo occupies a first-floor position within Galloway Professional Park. Built in 1996, the suite includes a waiting area, reception, six offices, a break room, two workspaces, and additional flexible areas throughout. Furnishings are negotiable, and the layout provides a mix of patient-facing, administrative, and support spaces.
The property is minutes from Baptist Hospital and near the Snapper Creek Exchange. Access extends to the Palmetto, Turnpike, and Dadeland area. Parking includes six assigned spaces, with two additional spaces available for purchase, along with ample guest parking.
The property is minutes from Baptist Hospital and near the Snapper Creek Exchange. Access extends to the Palmetto, Turnpike, and Dadeland area. Parking includes six assigned spaces, with two additional spaces available for purchase, along with ample guest parking.
Key Highlights
- 2,920 SF first‑floor medical office condo
- Six offices, two workspaces, reception, waiting area, and break room
- Six assigned parking spaces plus 2 additional spots available for purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,768
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,360
$1.7M
Cap Rate 7%
$1,196,686
$1.2M
Cap Rate 9%
$930,756
$930.8K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$131.4K $45.00/SF
− Vacancy
−$19.7K −$6.75/SF
EGI
$111.7K $38.25/SF
− OpEx
−$27.9K −$9.56/SF
NOI
$83.8K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,360
Cap Rate 7%
$1,196,686
Cap Rate 9%
$930,756
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,768 @ 7.0% cap · market cap 4.79%
Second Best
Healthcare Medical
$690.8K
$604.4K – $805.9K
NOI $48,355 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,971 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33173, FL
33,648
Population
12,237
Households
2.7
Avg Household Size
46
Median Age
42%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
6,118
Density / Sq Mi
$83,053
Median Household Income
$48,565
Median Earnings
$1,935
Median Rent
$460,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, private offices, work areas, and flexible support space for medical office operations.
Where is this medical office space located?
The property is located at 7765 SW 87th Ave 101a Miami, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2,920 SF first‑floor medical office condo; Six offices, two workspaces, reception, waiting area, and break room; Six assigned parking spaces plus 2 additional spots available for purchase
