Class A Medical Office
For Sale
$15,850,000
9990 SW 56 St, Miami, FL 33165
New construction Class A medical office building with floor-to-ceiling glass and space for customized interior buildout.
Property Size22,657 SF
Lot Size1.25 Acres
Price / SF$699.53
Days on Market163
Property Features for 9990 SW 56 St
General Information
Standard status
Active
Size
22,657 SF
Class
A
Lot size
1.25 Acres
Property subtype
Office
Building Details
Building Size
22,657 SF
Listing Agency:
Chomat Realty Group
Listed By:
Margot Chomat · License #3353235
(786) 514-6028
Source:
Relinkre
Added: May 13
Changed: Oct 20
Last Checked: Oct 21 at 5:19AM
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 Chomat Realty Group
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Investment Insights
Based on property information with market context.
New construction Class A medical/office building totaling approximately 22,658 square feet on approximately 1.25 acres. The building features a floor-to-ceiling glass design and high-end modern construction, and it is positioned to allow customized interior buildout.
The property offers parking at approximately 5 spaces per 1,000 square feet. The design is described as an excellent fit for medical practices, outpatient services, surgical centers, wellness concepts, or professional office users.
As offered, the asset is intended for owners and tenants seeking a modern medical/office environment with the ability to tailor interiors to their specific operating needs.
The property offers parking at approximately 5 spaces per 1,000 square feet. The design is described as an excellent fit for medical practices, outpatient services, surgical centers, wellness concepts, or professional office users.
As offered, the asset is intended for owners and tenants seeking a modern medical/office environment with the ability to tailor interiors to their specific operating needs.
Key Highlights
- 22,658 SF new construction Class A medical/office building
- Located on approximately 1.25 acres
- Floor‑to‑ceiling glass design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$650,001
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,000,020
$13.0M
Cap Rate 7%
$9,285,729
$9.3M
Cap Rate 9%
$7,222,233
$7.2M
Market Conditions
NOI Build-Up for 22,658 SF
Gross rent
$1.02M $45.00/SF
− Vacancy
−$152.9K −$6.75/SF
EGI
$866.7K $38.25/SF
− OpEx
−$216.7K −$9.56/SF
NOI
$650.0K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,000,020
Cap Rate 7%
$9,285,729
Cap Rate 9%
$7,222,233
Alternative Uses
Best Use
Office B
$9.29M
$8.13M – $10.83M
NOI $650,001 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$5.36M
$4.69M – $6.25M
NOI $375,216 @ 7.0% cap · market cap 2.37%
Theoretical Best
Specialty Retail
$15.29M
$13.38M – $17.84M
NOI $1,070,601 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - New construction Class A medical office building with floor-to-ceiling glass and space for customized interior buildout.
Where is this medical office space located?
The property is located at 9990 SW 56 St Miami, FL.
What is the asking price?
The asking price for this property is $15,850,000.
What are key features of this property?
This property features: 22,658 SF new construction Class A medical/office building; Located on approximately 1.25 acres; Floor‑to‑ceiling glass design
