First-Floor Medical Office
New
For Sale
$1,750,000
7765 Sw 87th Ave 101a, Miami, FL 33173
A flexible suite combines clinical offices, reception, and dedicated work areas in an established professional complex.
Property Size2,920 SF
Price / SF$599.32
Days on Market5
Property Features for 7765 Sw 87th Ave 101a
General Information
Standard status
Active
Size
2,920 SF
Total Parking Spaces
6
Zoning
6900
Additional Details
Floor
First Floor
Highway Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$17,366
Amenities
Carpet
true
Public
6
false
Assigned,Guest
Storm/Security Shutters
County Road
2920
Building Details
Building Size
2,920 SF
Year Built
1996
Stories
2
Listing Agency:
(786) 648-8799
Listed By:
Isabella Quinones
Source:
Iqrealestatellc
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:43PM
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 Isabella Quinones
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Investment Insights
Based on property information with market context.
This 2,920-square-foot medical office condominium occupies a first-floor position in Galloway Professional Park. Its layout includes a waiting area, reception, six offices, a break room, two workspaces, and additional flexible areas. Furnishings are negotiable. The property was built in 1996.
The complex is minutes from Baptist Hospital and near the Snapper Creek Exchange, with access to the Palmetto, Turnpike, and Dadeland area. Six assigned parking spaces are included, two more spaces may be purchased, and guest parking is available.
The complex is minutes from Baptist Hospital and near the Snapper Creek Exchange, with access to the Palmetto, Turnpike, and Dadeland area. Six assigned parking spaces are included, two more spaces may be purchased, and guest parking is available.
Key Highlights
- 2,920‑square‑foot medical office condominium
- First‑floor suite with waiting area, reception, six offices, break room, two workspaces, and additional flex areas
- Six assigned parking spaces; two additional spaces 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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible suite combines clinical offices, reception, and dedicated work areas in an established professional 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: 2,920‑square‑foot medical office condominium; First‑floor suite with waiting area, reception, six offices, break room, two workspaces, and additional flex areas; Six assigned parking spaces; two additional spaces available for purchase
