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    Freestanding Medical Office Building Miami Title is generated by Realmo AI

    2380 NW 7th St, Miami, FL 33125

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    Two-story medical office building in Little Havana, Miami.

    Type:Office
    Property size:
    14,112 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $566/SF
    Added:
    Jan 10, 2024
    Days on Market:
    888
    Last Refresh:
    May 12 at 10:49 pm

    Property Features for 2380 NW 7th St

    General Information

    Standard status
    Active
    Size
    14,112 SF
    Lot size
    0.40 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1930

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    Listing Contact
    Aida Nolan-Rodriguez

    Listing agent Aida Nolan-Rodriguez License #FL 627870

    Listing office Lee & Associates - Miami

    Listing date Jan 10, 2024

    Source Crexi

    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 Lee & Associates - Miami

    HighLights

    • Freestanding 14,112 SF two‑story medical office building in Little Havana, Miami.
    • Built‑out medical facility with patient waiting rooms, exam rooms with plumbing, MRI and X‑ray rooms, and Biopsy room.
    • Strategic location near UM/Jackson Health District and Downtown/Brickell with excellent access to major expressways and Miami International Airport.
    • Optional signage exposure to approximately 29,000 vehicles per day.
    • Recently renovated, including a new roof and updated outdoor patio area.
    • T6‑8‑O Miami21 Zoning allows for future high‑density mixed‑use redevelopment.

    Overview

    This freestanding, two-story medical office building offers 14,112 square feet of space on a 0.40-acre corner property in Little Havana, Miami. The building is fully built out as a medical facility, featuring patient waiting rooms, exam rooms with plumbing, MRI and X-ray rooms, and a biopsy room. All spaces are fully air-conditioned. Recent renovations include a new roof and an updated outdoor patio area. Optional signage provides exposure to approximately 29,000 vehicles per day. Located on NW 7th Street, a few blocks from 27th Avenue, the property offers access to the UM/Jackson Health District and Downtown/Brickell. Accessibility is enhanced by its proximity to major expressways: 0.8 miles from the Dolphin Expressway SR/836, 3.1 miles from I-95, and 5.9 miles from the Palmetto Expressway SR/826. Miami International Airport is 8.6 miles away, and Fort Lauderdale–Hollywood International Airport is 24.8 miles away. Zoned T6-8-O Miami21, the property allows for high-density mixed-use development in the future, making it suitable for businesses seeking a prominent presence in Miami.

    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 $635.0k $45.00
    − Vacancy −$95.3k −$6.75
    EGI $539.8k $38.25
    − OpEx −$134.9k −$9.56
    NOI $404.8k $28.69
    14,112 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.78M
    $5.06M – $6.75M (±1% cap)
    NOI $404,838 @ 7.0% cap · market cap 5.07%
    Second Best
    Healthcare Medical
    $3.34M
    $2.92M – $3.89M (±1% cap)
    NOI $233,695 @ 7.0% cap · market cap 2.92%
    Theoretical Best
    Specialty Retail
    $9.53M
    $8.33M – $11.11M (±1% cap)
    NOI $666,798 @ 7.0% cap · market cap 8.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Animal Sterilization and Immunization Services — 3240 NW 7th St, Miami, FL 33125
    • Animal Clinic — Miami, FL 33135
    • Central Veterinary Clinic — 1718 W Flagler St, Miami, FL 33135
    • Vet Allergy Care LLC — 330 SW 27th Ave, Miami, FL 33135
    • Miami Pet Clinic — 2485 W Flagler St # 3, Miami, FL 33135

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.23434
    Latitude
    25.766

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building in Little Havana, Miami.
    Where is this medical office space located?
    The property is located at 2380 NW 7th St Miami, FL.
    What is the asking price?
    The asking price for this property is $7,990,000.
    What are key features of this property?
    This property features: Freestanding 14,112 SF two‑story medical office building in Little Havana, Miami.; Built‑out medical facility with patient waiting rooms, **exam rooms with plumbing, MRI and X‑ray rooms, and Biopsy room.**; Strategic location near UM/Jackson Health District and Downtown/Brickell with excellent access to major expressways and Miami International Airport.
    More about this property
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