Medical Office
9995 SW 88th Avenue, Miami, FL 33178
For Sale
Contact for pricing
Clinical-grade building systems and gurney-capable elevators support medical office operations.
Property Size167,000 SF
Lot Size8.00 Acres
Price / SF$0.00
Days on Market50
Property Features for 9995 SW 88th Avenue
General Information
Standard status
Size
Class
Elevators
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Amenities
lobby café
valet service
on-site dining
Building Details
Year Built
Stories
Building Size
Listing Agency:
E. L. S. Realty Corp.
(305) 938-4000
Listed By:
Edward L Schmidt · License FL #0473167
(786) 697-6223
Source:
Isaacsrealestate
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 9 at 3:19PM
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 E. L. S. Realty Corp.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Kendall Medical Plaza is planned as a two-level medical office campus with approximately 33,500-square-foot floorplates. Available suites range from approximately 16,000 to 67,000 square feet, within a campus planned for 167,000 square feet of total capacity. Building features include three elevators, two sized for gurneys, redundant natural gas backup power, custom interior buildout, and a covered EMS area with a porte-cochère. Opening parking is planned at a 10:1 ratio. Amenities include a lobby café, valet service, and on-site dining.
The approximately 8-acre campus fronts N Kendall Drive between Florida's Turnpike and US-1. UHealth Kendall is approximately 0.6 miles away, Baptist Health Main Campus is approximately 1.3 miles away, and South Miami Hospital is approximately 4 miles away.
Plans allow for a 100,000-square-foot expansion, with parking at 5.5:1 at full build-out.
The approximately 8-acre campus fronts N Kendall Drive between Florida's Turnpike and US-1. UHealth Kendall is approximately 0.6 miles away, Baptist Health Main Campus is approximately 1.3 miles away, and South Miami Hospital is approximately 4 miles away.
Plans allow for a 100,000-square-foot expansion, with parking at 5.5:1 at full build-out.
Key Highlights
- Medical space available from approximately 16,000 to 67,000 SF
- Approximately 167,000 SF total campus capacity on an 8‑acre site
- Two‑level layout with approximately 33,500 SF floorplates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$882,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,655,840
$17.7M
Cap Rate 7%
$12,611,314
$12.6M
Cap Rate 9%
$9,808,800
$9.8M
Market Conditions
NOI Build-Up for 67,000 SF
Gross rent
$1.61M $24.00/SF
− Vacancy
−$136.7K −$2.04/SF
EGI
$1.47M $21.96/SF
− OpEx
−$588.5K −$8.78/SF
NOI
$882.8K $13.18/SF
Area
ZIP 33178
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,655,840
Cap Rate 7%
$12,611,314
Cap Rate 9%
$9,808,800
Alternative Uses
Best Use
Office B
$20.81M
$18.21M – $24.28M
NOI $1,456,848 @ 7.0% cap
Second Best
Healthcare Medical
$12.61M
$11.03M – $14.71M
NOI $882,792 @ 7.0% cap
Theoretical Best
Office A
$33.99M
$29.74M – $39.66M
NOI $2,379,435 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Miami, FL
Properties on Market for Medical Office Space in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical-grade building systems and gurney-capable elevators support medical office operations.
Where is this medical office space located?
The property is located at 9995 SW 88th Avenue Miami, FL.
What are key features of this property?
This property features: Medical space available from approximately 16,000 to 67,000 SF; Approximately 167,000 SF total campus capacity on an 8‑acre site; Two‑level layout with approximately 33,500 SF floorplates
