First-Floor Medical Office
For Sale
$1,750,000
7765 SW 87th Ave # 101A, Miami, FL 33173
Flexible professional layout includes reception, six offices, work areas, and support space within an established office complex.
Property Size2,920 SF
Days on Market53
Property Features for 7765 SW 87th Ave # 101A
General Information
Standard status
Active
Size
2,920 SF
Total Parking Spaces
6
Property subtype
Office
Additional Details
Floor
First Floor
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,366
Building Details
Building Size
2,920 SF
Year Built
1996
Listing Agency:
BHHS EWM Realty
Listed By:
Drew Kern · License #0628522
(305) 282-3000
Source:
Miamibrokersgroup
Added: Sep 1
Changed: Oct 14
Last Checked: Oct 21 at 2:34AM
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
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 first-floor medical office condominium is arranged for a range of professional operations, with a waiting area, reception, 6 offices, 2 workspaces, a break room, and additional flex areas. The property was built in 1996 and is located within Galloway Professional Park. Furnishings are negotiable, providing flexibility for a buyer’s preferred setup.
The office complex is minutes from Baptist Hospital and near the Snapper Creek Exchange. Access to the Palmetto, Turnpike, and Dadeland area supports convenient connections throughout the surrounding market. The property includes 6 assigned parking spaces, with 2 additional spots available for purchase, along with ample guest parking.
The office complex is minutes from Baptist Hospital and near the Snapper Creek Exchange. Access to the Palmetto, Turnpike, and Dadeland area supports convenient connections throughout the surrounding market. The property includes 6 assigned parking spaces, with 2 additional spots available for purchase, along with ample guest parking.
Key Highlights
- First‑floor medical office condominium in Galloway Professional Park
- Layout includes a waiting area, reception, 6 offices, 2 workspaces, break room, and additional flex areas
- Built in 1996
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
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Khuly Patricia DVM — 8776 SW 72nd St, Miami, FL 33173
- Sunset Animal Clinic | Miami FL — 8776 SW 72nd St, Miami, FL 33173
- Veterinaria Emergencias pisos — 8601 Sunset Dr, Miami, FL 33143
- Pet 911 Clinics — 8601 Sunset Dr, Miami, FL 33143
- Miami Veterinary Specialists — 8601 Sunset Dr, Miami, FL 33143
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional layout includes reception, six offices, work areas, and support space within an established office complex.
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: First‑floor medical office condominium in Galloway Professional Park; Layout includes a waiting area, reception, 6 offices, 2 workspaces, break room, and additional flex areas; Built in 1996
