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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

137 88 St Kendale Lakes, FL 33186

Built 1981
Property ID
Property summary
AI-generated overview

This thriving medical spa, located at 137 SW 88th St, Miami, FL 33186, in Kendall Lakes, is offered for sale at $180,000. The property, built in 1981, is a storefront classified as both retail and office space, ideal for its current use as a medical spa or similar business. The 1981-built building offers three private treatment rooms, currently generating $2400 in monthly rental income from month-to-month tenants. The spa is fully equipped with state-of-the-art medical equipment, representing a significant turnkey advantage for the buyer. Operating expenses are kept low with an affordable monthly rent of $2000. This presents a unique opportunity for an investor seeking a profitable, established business in a prime location. Seller financing may be available, making this an even more attractive proposition. The property is situated in Miami-Dade County, Florida, offering easy access to major transportation routes and a strong local clientele. This turnkey operation is ready for immediate income generation and presents a compelling investment opportunity. The property's classification as both storefront and medical office makes it versatile and adaptable to various business models. The current success of the medical spa demonstrates the location's high potential for continued profitability.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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