Corner Medical Office
For Sale
Contact for pricing
8200 SW 117 Avenue Unit 404, Miami, FL 33183
Existing clinical improvements include private treatment rooms, reception space, and a dedicated IT room.
Property Size66,500 SF
Price / SF$0.00
Days on Market33
Property Features for 8200 SW 117 Avenue Unit 404
General Information
Standard status
Active
Size
66,500 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
4
Highway Access
Yes
Amenities
impact-resistant windows
marble flooring in common areas
24-hour electronic keycard access
expansive reception lounge
custom check-in/check-out desk
wood-look flooring
dedicated IT room
zoned climate controls
Building Details
Year Built
2008
Listing Agency:
The Janet Group LLC
(305) 443-6880
Listed By:
Janet B Medina · License #622804
(305) 785-3662
Source:
Lehmannflorida
Added: Sep 14
Changed: Oct 15
Last Checked: Oct 14 at 11:36PM
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 Janet Group LLC
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Investment Insights
Based on property information with market context.
Suite 404 is a 2,565-square-foot corner medical office on the penthouse level of One Seventeen Professional Center. Its existing configuration includes private treatment rooms, a reception lounge, a custom check-in and check-out desk, a dedicated IT room, data wiring, and zoned climate controls. Floor-to-ceiling windows bring daylight into the private rooms. The building, completed in 2008, features impact-resistant windows, stretcher-capable elevators, marble-finished common areas, and electronic keycard entry around the clock.
The property is adjacent to Town & Country and near Baptist Hospital, with access to Florida’s Turnpike. Garage and guest parking are available on an unassigned basis. Showings require an appointment with 24 hours’ notice.
The property is adjacent to Town & Country and near Baptist Hospital, with access to Florida’s Turnpike. Garage and guest parking are available on an unassigned basis. Showings require an appointment with 24 hours’ notice.
Key Highlights
- 2,565 SF corner suite on the penthouse level
- Existing medical office layout with private treatment rooms and reception lounge
- Dedicated IT room, data wiring, and zoned climate controls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,101,240
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,024,800
$22.0M
Cap Rate 7%
$15,732,000
$15.7M
Cap Rate 9%
$12,236,000
$12.2M
Market Conditions
NOI Build-Up for 66,500 SF
Gross rent
$2.00M $30.00/SF
− Vacancy
−$159.6K −$2.40/SF
EGI
$1.84M $27.60/SF
− OpEx
−$734.2K −$11.04/SF
NOI
$1.10M $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%
$22,024,800
Cap Rate 7%
$15,732,000
Cap Rate 9%
$12,236,000
Alternative Uses
Best Use
Office B
$27.25M
$23.85M – $31.80M
NOI $1,907,719 @ 7.0% cap · market cap 4,769,297.50%
Second Best
Healthcare Medical
$15.73M
$13.77M – $18.35M
NOI $1,101,240 @ 7.0% cap · market cap 2,753,100.00%
Theoretical Best
Specialty Retail
$44.89M
$39.28M – $52.37M
NOI $3,142,155 @ 7.0% cap · market cap 7,855,387.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
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
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 - Existing clinical improvements include private treatment rooms, reception space, and a dedicated IT room.
Where is this medical office space located?
The property is located at 8200 SW 117 Avenue Unit 404 Miami, FL.
What are key features of this property?
This property features: 2,565 SF corner suite on the penthouse level; Existing medical office layout with private treatment rooms and reception lounge; Dedicated IT room, data wiring, and zoned climate controls
