Medical and Professional Office
B-7374 Sw 93rd Ave Miami, FL 33174
B-7374 Sw 93rd Ave, Miami, FL, 33174
$1,600,000
For Sale
$1,600,000
Office condominium with two separate offices, 10 assigned covered parking spaces, and a balcony totaling 2,756 sq ft.
Property Size2,756 SF
Price / SF$580.55
Days on Market44
Property Features for B-7374 Sw 93rd Ave
General Information
- Standard status
- Active
- Size
- 2,756 SF
Listing agency
Coldwell Banker Realty
(305) 975-4205
Listed by
Daniel Martinez · License #0560978
(305) 975-4205
Source
Exprealty
Added: Jun 9 Updated: Jul 20 at 7:56PM Checked: Jul 20 at 7:56PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This office condominium is designed for medical or professional use and is moderately and beautifully decorated. The interior is currently divided into two separate offices, with one office occupied by the owner and the other leased. That configuration supports an owner-user arrangement with rental income, or the option to combine both offices into a single larger operation.
The property includes 10 assigned covered parking spaces. It is located approximately 1½ miles from Baptist Hospital, minutes from South Miami, and offers easy access to major expressways.
As reflected in the architect’s plan, the total area is 2,756 sq ft, including the balcony.
The property includes 10 assigned covered parking spaces. It is located approximately 1½ miles from Baptist Hospital, minutes from South Miami, and offers easy access to major expressways.
As reflected in the architect’s plan, the total area is 2,756 sq ft, including the balcony.
Key Highlights
- Office condominium totaling 2,756 sq ft (including balcony) per architect’s plan
- Two separate offices: one owner‑occupied and one leased, creating rental income
- Can be configured for an owner‑user to occupy part while renting the other, or combined into one larger operation
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 | $124.0k | $45.00 |
| − Vacancy | −$18.6k | −$6.75 |
| EGI | $105.4k | $38.25 |
| − OpEx | −$26.4k | −$9.56 |
| NOI | $79.1k | $28.69 |
2,756 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$988.3K – $1.32M
NOI $79,063 @ 7.0% cap · market cap 4.94%
Second Best
Healthcare Medical
$652.0K
$570.5K – $760.7K
NOI $45,639 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,222 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office condominium with two separate offices, 10 assigned covered parking spaces, and a balcony totaling 2,756 sq ft.
Where is this office units located?
The property is located at B-7374 Sw 93rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Office condominium totaling 2,756 sq ft (including balcony) per architect’s plan; Two separate offices: one owner‑occupied and one leased, creating rental income; Can be configured for an owner‑user to occupy part while renting the other, or combined into one larger operation
