First-Floor Medical Office
For Sale
Contact for pricing
801 Monterey St # 103, Coral Gables, FL 33134
Built-out suite includes private offices, reception, kitchen, storage, and a restroom.
Property Size8,560 SF
Price / SF$0.01
Days on Market52
Property Features for 801 Monterey St # 103
General Information
Standard status
Active
Size
8,560 SF
Property subtype
Office
Building Details
Building Size
8,560 SF
Year Built
1974
Listing Agency:
Synergy Realty Advisors
Listed By:
Andros Sarduy · License #3225429
(305) 297-3557
Source:
Batrare
Added: Aug 31
Changed: Oct 17
Last Checked: Oct 21 at 3:17AM
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 Synergy Realty Advisors
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Investment Insights
Based on property information with market context.
This first-floor medical office suite offers approximately 1,000 SF of existing improvements arranged for professional occupancy. The layout includes six private offices, a reception area, kitchen, two storage rooms, and a restroom, providing a functional setup for medical, wellness, or professional-services use.
The suite is located at 801 Monterey St # 103 in Coral Gables, along the SW 8th Street corridor. It is part of an 8,560 SF building renovated in 2024, with impact windows and doors and rear-lot parking. The space is identified as second-generation and fully built out, supporting a straightforward move-in configuration.
The suite is located at 801 Monterey St # 103 in Coral Gables, along the SW 8th Street corridor. It is part of an 8,560 SF building renovated in 2024, with impact windows and doors and rear-lot parking. The space is identified as second-generation and fully built out, supporting a straightforward move-in configuration.
Key Highlights
- Approximately 1,000 SF first‑floor medical office suite
- Six private offices plus reception area
- Kitchen, two storage rooms, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,787
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,255,740
$2.3M
Cap Rate 7%
$1,611,243
$1.6M
Cap Rate 9%
$1,253,189
$1.3M
Market Conditions
NOI Build-Up for 8,560 SF
Gross rent
$205.4K $24.00/SF
− Vacancy
−$17.5K −$2.04/SF
EGI
$188.0K $21.96/SF
− OpEx
−$75.2K −$8.78/SF
NOI
$112.8K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,255,740
Cap Rate 7%
$1,611,243
Cap Rate 9%
$1,253,189
Alternative Uses
Best Use
Office B
$3.24M
$2.84M – $3.78M
NOI $226,883 @ 7.0% cap · market cap 453,766.00%
Second Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,787 @ 7.0% cap · market cap 225,574.00%
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $303,999 @ 7.0% cap · market cap 607,998.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out suite includes private offices, reception, kitchen, storage, and a restroom.
Where is this medical office space located?
The property is located at 801 Monterey St # 103 Coral Gables, FL.
What are key features of this property?
This property features: Approximately 1,000 SF first‑floor medical office suite; Six private offices plus reception area; Kitchen, two storage rooms, and restroom
