Ground-Floor Corner Medical
8501 SW 124th Ave 112a Miami, FL 33183
New
For Sale
$1,750,000
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$703.09
Days on Market3
Property Features for 8501 SW 124th Ave 112a
General Information
Standard status
Active
Size
2,489 SF
Building Details
Year Built
2007
Listing Agency:
Reategui R.E. & Investments
(305) 491-3288
Listed By:
Gabriel Reategui · License #3035863
Source:
Mymiahomes
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 8:59AM
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 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
Location Intelligence
Current Use
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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 $1,750,000.
What are key features of this property?
This property features: Ground‑floor corner medical suite in Professional Arts Center with 2,489 SF 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
