Medical Office Suite with Clinical
New
For Sale
$2,079,999
8200 SW 117th Ave #412-414, Miami, FL 33183
Two units are offered together, with dedicated areas for patient reception, clinical services and staff support.
Property Size3,881 SF
Price / SF$535.94
Days on Market3
Property Features for 8200 SW 117th Ave #412-414
General Information
Standard status
Active
Size
3,881 SF
Class
Class A
Property subtype
Commercial
Zoning
6400
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Office Units
2
Property Use
Medical Office
Amenities
waiting area with custom seating
central nurse station
large examination rooms
dedicated procedure rooms
private offices
administrative work room
storage
staff lounge with full kitchen
Building Details
Building Size
3,881 SF
Year Built
2008
Listing Agency:
The Elaine Group, Inc.
Listed By:
Elaine Perez · License #A11984109
(786) 287-4344
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:44PM
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 The Elaine Group, Inc.
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.
Units 412 and 414 at One Seventeen Professional Center are offered together as a 3,881-square-foot medical office suite. Built in 2008, the Class A property features a covered parking garage. Inside, the layout includes a patient reception area, central nurse station, examination and procedure rooms, private offices, an administrative workroom, storage and a staff lounge with a full kitchen.
The building is on SW 117th Ave in Miami, near The Palms shopping and dining and Kohl's, with access to the Florida Turnpike. Maintenance includes building and common-area care, insurance, utilities, management and reserves.
The building is on SW 117th Ave in Miami, near The Palms shopping and dining and Kohl's, with access to the Florida Turnpike. Maintenance includes building and common-area care, insurance, utilities, management and reserves.
Key Highlights
- Two medical office units, 412 and 414, offered together
- 3,881 SF of medical office space
- Built in 2008 at One Seventeen Professional Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,336
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,720
$2.2M
Cap Rate 7%
$1,590,514
$1.6M
Cap Rate 9%
$1,237,067
$1.2M
Market Conditions
NOI Build-Up for 3,881 SF
Gross rent
$174.6K $45.00/SF
− Vacancy
−$26.2K −$6.75/SF
EGI
$148.4K $38.25/SF
− OpEx
−$37.1K −$9.56/SF
NOI
$111.3K $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%
$2,226,720
Cap Rate 7%
$1,590,514
Cap Rate 9%
$1,237,067
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,336 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$918.1K
$803.4K – $1.07M
NOI $64,269 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,379 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,236
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33183, FL
35,891
Population
12,734
Households
2.8
Avg Household Size
44
Median Age
31%
College-Educated
85%
High-School Grad
5.5 sq mi
ZIP Area
6,526
Density / Sq Mi
$67,741
Median Household Income
$40,468
Median Earnings
$1,880
Median Rent
$372,000
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Petco Vaccination Clinic — 12014 SW 88th St, Miami, FL 33186
- Veterinary Medical Center — 11774 SW 88th St, Miami, FL 33186
- Veterinary Associates of South Florida — 11774 SW 88th St, Miami, FL 33186
- Crossroads Animal Hospital — 11622 N Kendall Dr, Miami, FL 33176
- Pou Veterinary Group — 11549 N Kendall Dr, Miami, FL 33176
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two units are offered together, with dedicated areas for patient reception, clinical services and staff support.
Where is this medical office space located?
The property is located at 8200 SW 117th Ave #412-414 Miami, FL.
What is the asking price?
The asking price for this property is $2,079,999.
What are key features of this property?
This property features: Two medical office units, 412 and 414, offered together; 3,881 SF of medical office space; Built in 2008 at One Seventeen Professional Center
