Ground-Floor Corner Medical
For Sale
$1,750,000
8501 SW 124th Ave Unit 112A, Miami, FL 33183
Turnkey medical office suite with exam rooms, lab space, and patient-focused reception and waiting areas.
Property Size2,489 SF
Price / SF$703.09
Days on Market121
Property Features for 8501 SW 124th Ave Unit 112A
General Information
Standard status
Active
Size
2,489 SF
Property subtype
Office
Additional Details
Business Included
Yes
Highway Access
Yes
Sprinkler System
Yes
Building Details
Year Built
2007
Listing Agency:
Reategui R.E. & Investments
(305) 491-3288
Listed By:
Gabriel Reategui · License #3035863
(305) 491-3288
Source:
Xome
Added: Apr 2
Changed: Jul 10
Last Checked: Jul 23 at 9:49AM
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 fully built out and designed for immediate occupancy. The layout includes five exam rooms plus a dedicated procedure room, with existing plumbing and sinks in each of those rooms. Additional improvements include a laboratory room, two private bathrooms, and two private office suites, supported by two workstation areas. The suite also offers a professional reception area and an expansive waiting room, along with a private eat-in kitchen/breakroom. For operational flexibility, there are two entry access points including a private physician entrance/exit, as well as a second backdoor exit. A network/IT closet is included, and the suite is equipped with fire sprinklers.
The suite is located within the Professional Arts Center and benefits from convenient patient access tied to its ground-floor corner positioning. Covered main entrance drop-off is available, and the building provides an elegant main lobby with a lounge area. The property is described as minutes from Baptist Hospital, HCA hospital, and Leon Medical Center, and it offers easy access to and from the Florida Turnpike and other major roads.
For healthcare providers and specialists seeking a plug-and-play space, this suite supports both clinical and administrative functions with exam and procedure rooms featuring plumbing, lab capability, and dedicated exam-room and workstation areas. The combination of patient reception, waiting space, and privacy through physician and backdoor access points is suited to day-to-day operations, while surface parking supports visitors and patients.
The suite is located within the Professional Arts Center and benefits from convenient patient access tied to its ground-floor corner positioning. Covered main entrance drop-off is available, and the building provides an elegant main lobby with a lounge area. The property is described as minutes from Baptist Hospital, HCA hospital, and Leon Medical Center, and it offers easy access to and from the Florida Turnpike and other major roads.
For healthcare providers and specialists seeking a plug-and-play space, this suite supports both clinical and administrative functions with exam and procedure rooms featuring plumbing, lab capability, and dedicated exam-room and workstation areas. The combination of patient reception, waiting space, and privacy through physician and backdoor access points is suited to day-to-day operations, while surface parking supports visitors and patients.
Key Highlights
- Ground‑floor corner medical suite in Professional Arts Center with 2,489 SF of fully built‑out space
- Includes 5 exam rooms plus a dedicated procedure room with existing plumbing/sinks
- Laboratory room, two private bathrooms, and two private office suites
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.0k | $45.00 |
| − Vacancy | −$16.8k | −$6.75 |
| EGI | $95.2k | $38.25 |
| − OpEx | −$23.8k | −$9.56 |
| NOI | $71.4k | $28.69 |
2,489 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$892.5K – $1.19M
NOI $71,403 @ 7.0% cap · market cap 4.08%
Second Best
Healthcare Medical
$588.8K
$515.2K – $687.0K
NOI $41,218 @ 7.0% cap · market cap 2.36%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,606 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway 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 - Turnkey medical office suite with exam rooms, lab space, and patient-focused reception and waiting areas.
Where is this medical office space located?
The property is located at 8501 SW 124th Ave Unit 112A Miami, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Ground‑floor corner medical suite in Professional Arts Center with 2,489 SF of fully built‑out space; Includes 5 exam rooms plus a dedicated procedure room with existing plumbing/sinks; Laboratory room, two private bathrooms, and two private office suites
