Medical Office Condominium Corner
For Sale
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7765 SW 87th Ave # 212A, Miami, FL 33173
Turnkey 2nd-floor corner unit with 7 exam rooms, an operating room, waiting areas, and multiple entrances in a professional park.
Property Size2,570 SF
Days on Market95
Property Features for 7765 SW 87th Ave # 212A
General Information
Standard status
Active
Size
2,570 SF
Total Parking Spaces
10
Property subtype
Office
Building Details
Building Size
2,570 SF
Year Built
1996
Listing Agency:
Compass Florida, LLC
Listed By:
Audrey Ross · License #3391913
(305) 206-4003
Source:
Miamibrokersgroup
Added: Jul 22
Changed: Oct 22
Last Checked: Oct 23 at 2:43PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This turnkey 2nd-floor medical office condominium is presented as a fully operational, move-in ready space within Galloway Professional Park. The layout includes seven exam rooms, a fully equipped operating room, and a private physician’s office with a balcony. In addition to a large patient waiting room, the unit offers two scheduling rooms, dedicated reception and administrative areas, and a doctor’s lounge. The plan is designed for convenient movement between staff and patients, with access via both public and private entrances.
The property is positioned within 12 blocks of Baptist Hospital and minutes from South Miami Hospital, placing it in a dense healthcare corridor.
Parking is a practical advantage of the unit, with nine assigned parking spaces plus one assigned covered parking space, along with additional overflow unassigned parking.
The property is positioned within 12 blocks of Baptist Hospital and minutes from South Miami Hospital, placing it in a dense healthcare corridor.
Parking is a practical advantage of the unit, with nine assigned parking spaces plus one assigned covered parking space, along with additional overflow unassigned parking.
Key Highlights
- Turnkey 2nd‑floor medical office condominium in Galloway Professional Park, built in 1996
- Layout includes 7 exam rooms plus a fully equipped operating room
- Private physician's office with balcony, along with a large patient waiting room and doctor's lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,559
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,180
$851.2K
Cap Rate 7%
$607,986
$608.0K
Cap Rate 9%
$472,878
$472.9K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$77.1K $30.00/SF
− Vacancy
−$6.2K −$2.40/SF
EGI
$70.9K $27.60/SF
− OpEx
−$28.4K −$11.04/SF
NOI
$42.6K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,180
Cap Rate 7%
$607,986
Cap Rate 9%
$472,878
Alternative Uses
Best Use
Office B
$1.05M
$921.6K – $1.23M
NOI $73,727 @ 7.0% cap · market cap 150,463.27%
Second Best
Healthcare Medical
$608.0K
$532.0K – $709.3K
NOI $42,559 @ 7.0% cap · market cap 86,855.10%
Theoretical Best
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,434 @ 7.0% cap · market cap 247,824.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Balanced
Demand for This Use
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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
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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 - Turnkey 2nd-floor corner unit with 7 exam rooms, an operating room, waiting areas, and multiple entrances in a professional park.
Where is this medical office space located?
The property is located at 7765 SW 87th Ave # 212A Miami, FL.
What are key features of this property?
This property features: Turnkey 2nd‑floor medical office condominium in Galloway Professional Park, built in 1996; Layout includes 7 exam rooms plus a fully equipped operating room; Private physician's office with balcony, along with a large patient waiting room and doctor's lounge
