Class A Medical Office
8501 SW 124th Avenue #201 Miami, FL 33183
8501 SW 124th Avenue #201, Miami, FL, 33183
$1,400,000
For Sale
$1,400,000
Corner suite within The Professional Arts Center offers a reception, private offices, conference room, and open work area.
Property Size2,190 SF
Price / SF$639.27
Days on Market44
Property Features for 8501 SW 124th Avenue #201
General Information
- Standard status
- Active
- Size
- 2,190 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
COMPASS FLORIDA, LLC
(786) 399-9278
Listed by
JORGE LOPEZ · License #A11935895
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 4:09AM Checked: Jul 22 at 6:13AM
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 COMPASS FLORIDA, LLC
Investment Insights
Based on property information with market context.
Bright and spacious corner suite in the Professional Arts Center at Kendall Village. The Class A medical/professional office includes a reception area, three private offices, a large executive office, a spacious conference room, a large open work area, lunch room, utility/IT space, and an extra storage unit.
The building features an elegant lobby and a covered entrance designed for convenient patient/client drop-off. The suite includes three assigned parking spaces and the area offers lots of parking. The property is immediately off Kendall DR (SW 88 St) with access to major highways including the Turnpike and Palmetto (SR-826), and shopping centers with restaurants nearby.
The building features an elegant lobby and a covered entrance designed for convenient patient/client drop-off. The suite includes three assigned parking spaces and the area offers lots of parking. The property is immediately off Kendall DR (SW 88 St) with access to major highways including the Turnpike and Palmetto (SR-826), and shopping centers with restaurants nearby.
Key Highlights
- Corner Class A medical/professional office suite in The Professional Arts Center at Kendall Village (built 2007).
- Suite size: 2,190 sqft, including reception, 3 private offices, and a large executive office.
- Conference room plus spacious open work area for staff and client collaboration.
Local 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 | $98.6k | $45.00 |
| − Vacancy | −$14.8k | −$6.75 |
| EGI | $83.8k | $38.25 |
| − OpEx | −$20.9k | −$9.56 |
| NOI | $62.8k | $28.69 |
2,190 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$897.5K
$785.3K – $1.05M
NOI $62,826 @ 7.0% cap · market cap 4.49%
Second Best
Healthcare Medical
$518.1K
$453.3K – $604.4K
NOI $36,266 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,478 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Primary Residential Mortgage, ...
Loan Service
MIAMI Wellness Kendall
Hospital
Florida Bariatrics and Wellness ...
Hospital
Bliss Dental Miami
Dental Office
Bliss Dental
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Corner suite within The Professional Arts Center offers a reception, private offices, conference room, and open work area.
Where is this medical office space located?
The property is located at 8501 SW 124th Avenue #201 Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Corner Class A medical/professional office suite in The Professional Arts Center at Kendall Village (built 2007).; Suite size: 2,190 sqft, including reception, 3 private offices, and a large executive office.; Conference room plus spacious open work area for staff and client collaboration.
