Updated Medical Office
For Sale
Contact for pricing
8525 SW 92nd Street #11B, Miami, FL 33156
Updated office suite with a reception area, administrative office, private restroom, and two private room offices.
Property Size650 SF
Price / SF$6.15
Days on Market121
Property Features for 8525 SW 92nd Street #11B
General Information
Standard status
Active
Size
650 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1981
Stories
1
Listing Agency:
First Step Realty Group
(786) 641-6840
Listed By:
Nicholas Alexander Cruz · License #3469256
(305) 297-0944
Source:
Lehmannflorida
Added: Jun 23
Changed: Oct 21
Last Checked: Oct 20 at 10:41PM
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 First Step Realty Group
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Investment Insights
Based on property information with market context.
This updated professional suite is located in Oak Plaza Professional Center and is designed for day-to-day patient and client traffic. The interior configuration includes two room suites, a reception or waiting area, an administrative office, and a private restroom. The single-story setting supports straightforward access without elevators or stairs.
The property is about 0.3 miles from Baptist Hospital, placing it within an established professional corridor surrounded by medical providers, professional offices, and retail amenities. The center is described as offering convenient access to major thoroughfares, including US-1, SR-874 (Don Shula Expressway), SR-826 (Palmetto Expressway), and the Florida Turnpike. On-site parking and valet services are available for visitors.
With its reception/waiting area and separate private offices, the suite is well suited to owner-users or professional operators looking for a centrally located office or medical office environment. The layout supports consultations and administrative functions in a compact footprint, while the private restroom adds practical in-suite convenience. The overall design of the single-story complex helps streamline client access for both routine visits and scheduled appointments.
The property is about 0.3 miles from Baptist Hospital, placing it within an established professional corridor surrounded by medical providers, professional offices, and retail amenities. The center is described as offering convenient access to major thoroughfares, including US-1, SR-874 (Don Shula Expressway), SR-826 (Palmetto Expressway), and the Florida Turnpike. On-site parking and valet services are available for visitors.
With its reception/waiting area and separate private offices, the suite is well suited to owner-users or professional operators looking for a centrally located office or medical office environment. The layout supports consultations and administrative functions in a compact footprint, while the private restroom adds practical in-suite convenience. The overall design of the single-story complex helps streamline client access for both routine visits and scheduled appointments.
Key Highlights
- Updated office/medical office suite in Oak Plaza Professional Center (single‑story complex).
- Functional layout includes reception/waiting area, administrative office, private restroom, and two private room offices.
- Located 0.3 miles from Baptist Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,764
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,280
$215.3K
Cap Rate 7%
$153,771
$153.8K
Cap Rate 9%
$119,600
$119.6K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$19.5K $30.00/SF
− Vacancy
−$1.6K −$2.40/SF
EGI
$17.9K $27.60/SF
− OpEx
−$7.2K −$11.04/SF
NOI
$10.8K $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%
$215,280
Cap Rate 7%
$153,771
Cap Rate 9%
$119,600
Alternative Uses
Best Use
Office B
$266.4K
$233.1K – $310.8K
NOI $18,647 @ 7.0% cap · market cap 466.17%
Second Best
Healthcare Medical
$153.8K
$134.6K – $179.4K
NOI $10,764 @ 7.0% cap · market cap 269.10%
Theoretical Best
Specialty Retail
$438.8K
$383.9K – $511.9K
NOI $30,713 @ 7.0% cap · market cap 767.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 33156, FL
34,036
Population
13,215
Households
2.6
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
13.9 sq mi
ZIP Area
2,449
Density / Sq Mi
$134,720
Median Household Income
$66,117
Median Earnings
$1,936
Median Rent
$1,063,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Updated office suite with a reception area, administrative office, private restroom, and two private room offices.
Where is this office unit located?
The property is located at 8525 SW 92nd Street #11B Miami, FL.
What are key features of this property?
This property features: Updated office/medical office suite in Oak Plaza Professional Center (single‑story complex).; Functional layout includes reception/waiting area, administrative office, private restroom, and two private room offices.; Located 0.3 miles from Baptist Hospital.
