Medical Office in Coral
9299 SW 152nd St # 200 Palmetto Bay, FL 33157
9299 SW 152nd St # 200, Palmetto Bay, FL, 33157
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For Sale
Contact for pricing
Renovated medical suite near Jackson South Medical Center.
Property Size3,018 SF
Price / SF$530.12
Days on Market999
Property Features for 9299 SW 152nd St # 200
General Information
- Standard status
- Active
- Size
- 3,018 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
Keywee Realty
Listed by
Lisa Wang · License #3373694
Source
Crexi
Added: Oct 28, 2023 Updated: Jul 6 at 8:32AM Checked: Jul 21 at 3:54AM
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 Keywee Realty
Investment Insights
Based on property information with market context.
This 3,018 square foot medical office is located in Coral Reef Medical Park, situated on the corner of US1 and SW 152 Street, directly across from Jackson South Medical Center. It is also located 2 miles east of the Florida Turnpike, providing excellent transportation connections and high traffic exposure. The renovated medical suite features 12 doctor offices/exam rooms, two spacious waiting areas, two dedicated receptionist rooms, one fully equipped kitchen, three bathrooms, one storage area, and one shower. A new roof and a state-of-the-art elevator were installed in 2023. The medical suite is 95% occupied by tenants and has a 7.32% cap ratio.
Key Highlights
- Prime location directly across from Jackson South Medical Center with high traffic exposure.
- High‑yield investment opportunity with a 7.32% cap rate and 95% occupancy.
- Recently renovated 3,018 sqft medical suite with 12 exam rooms/doctor offices.
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 | $139.8k | $46.32 |
| − Vacancy | −$31.5k | −$10.42 |
| EGI | $108.3k | $35.90 |
| − OpEx | −$27.1k | −$8.97 |
| NOI | $81.3k | $26.92 |
3,018 SF · lease $46.32/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.35M
NOI $81,255 @ 7.0% cap · market cap 5.08%
Second Best
Healthcare Medical
$783.7K
$685.7K – $914.3K
NOI $54,856 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,181 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Medical Office Space - Renovated medical suite near Jackson South Medical Center.
Where is this medical office space located?
The property is located at 9299 SW 152nd St # 200 Palmetto Bay, FL.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Prime location directly across from Jackson South Medical Center with high traffic exposure.; High‑yield investment opportunity with a 7.32% cap rate and 95% occupancy.; Recently renovated 3,018 sqft medical suite with **12 exam rooms/doctor offices**.
