Ground-Floor Corner Medical
For Sale
$1,695,000
8501 SW 124th Ave 112a, Miami, FL 33183
Ground-floor corner medical suite with five exam rooms, a lab, private bathrooms, and dedicated procedure room with plumbing.
Property Size2,489 SF
Price / SF$680
Days on Market36
Property Features for 8501 SW 124th Ave 112a
General Information
Standard status
Active
Size
2,489 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Amenities
covered main entrance
elegant main lobby with lounge area
Building Details
Year Built
2007
Listing Agency:
Reategui R.E. & Investments
(305) 491-3288
Listed By:
Gabriel Reategui · License #A12026364
Source:
Mymiahomes
Added: Jul 27
Changed: Aug 22
Last Checked: Aug 31 at 6:41PM
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 Reategui R.E. & Investments
Investment Insights
Based on property information with market context.
This ground-floor corner medical suite is located within the Professional Arts Center and is fully built out for immediate occupancy. The interior layout includes five exam rooms plus a dedicated procedure room, with existing plumbing and sinks in each. Additional features include a laboratory room, professional reception area, and an expansive waiting room. The suite also provides two private bathrooms, two private office suites, and two workstation areas. Two entry access points include a private physician entrance/exit, along with a covered main entrance for drop-offs and an elegant main lobby with a lounge area. Rounding out the space are a private eat-in kitchen/breakroom, a network/IT closet, and a second backdoor exit.
The property benefits from abundant surface parking for patients and visitors. It is described as being minutes from Baptist Hospital, HCA hospital, and Leon Medical Center, with easy access to and from the Florida Turnpike and other major roads.
Fire sprinklers are in place throughout the suite, supporting a turnkey healthcare environment designed around patient access and exam-room functionality.
The property benefits from abundant surface parking for patients and visitors. It is described as being minutes from Baptist Hospital, HCA hospital, and Leon Medical Center, with easy access to and from the Florida Turnpike and other major roads.
Fire sprinklers are in place throughout the suite, supporting a turnkey healthcare environment designed around patient access and exam-room functionality.
Key Highlights
- Ground‑floor corner medical suite in Professional Arts Center with 2,489 SF and covered drop‑off main entrance
- Built‑out space includes 5 exam rooms plus a dedicated procedure room (with existing plumbing/sinks)
- Includes a laboratory room, professional reception and expansive waiting room, and two private office suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,428,060
$1.4M
Cap Rate 7%
$1,020,043
$1.0M
Cap Rate 9%
$793,367
$793.4K
Market Conditions
NOI Build-Up for 2,489 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$112.0K $45.00/SF
− Vacancy
−$16.8K −$6.75/SF
EGI
$95.2K $38.25/SF
− OpEx
−$23.8K −$9.56/SF
NOI
$71.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,428,060
Cap Rate 7%
$1,020,043
Cap Rate 9%
$793,367
Alternative Uses
Best Use
Office B
$1.02M
$892.5K – $1.19M
NOI $71,403 @ 7.0% cap · market cap 4.21%
Second Best
Healthcare Medical
$588.8K
$515.2K – $687.0K
NOI $41,218 @ 7.0% cap · market cap 2.43%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,606 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Well-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor corner medical suite with five exam rooms, a lab, private bathrooms, and dedicated procedure room with plumbing.
Where is this medical office space located?
The property is located at 8501 SW 124th Ave 112a Miami, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Ground‑floor corner medical suite in Professional Arts Center with 2,489 SF and covered drop‑off main entrance; Built‑out space includes 5 exam rooms plus a dedicated procedure room (with existing plumbing/sinks); Includes a laboratory room, professional reception and expansive waiting room, and two private office suites
