7765 87Th Ave Miami, FL 33173
- Office buildings
- 1,250 SF
Current Use by Public Records
- Kenneth Weston & Associates - Medical Office Space / Real Estate Agency / Medical Center
- Toledo Gilbert DDS / Dental Implants Periodontist
- Galloway Professional Park Cnd / Dentist
- Hayt Hayt & Landau P.L. / Attorney
- Gastro Health - Colorectal Surgery - Miami / Medical Center / Surgeon
Property Details for 7765 87Th Ave
- Year built
- 1997
- Property size
- 1,250 SF
- Zone code
- 6900:SEMI PROFESS OFFICE
- Property type
- Office buildings
- APN
- 30-4034-042-0010
- APU
- 3040340420010
Description
This exceptional investment opportunity presents a fully operational Class B medical office condo in Miami's Galloway Professional Park. Located at 7765 SW 87th Ave #212A, Miami, FL 33173, this 2,591 square foot (net rentable) space boasts a prime second-floor corner location, offering convenient access to major roadways and proximity to Baptist Hospital (within 12 blocks). Built in 1996, the property features seven exam rooms, an operating room, a private office with a balcony, a spacious waiting room, two scheduling rooms, reception and administrative areas, and a doctor's lounge. Dual public and private entrances enhance accessibility. The sale includes nine designated parking spaces, plus one covered space. Currently 100% occupied, this owner-user investment offers a 5.00% cap rate and an asking price of $1,749,000. The seller is offering a leaseback at a competitive rate, providing flexibility on the closing date. This single-tenant, modified lease property is held by an LLC and is being offered for sale as a sales/leaseback. The property is ideal for investors seeking a stable, high-occupancy medical office investment with strong potential for future growth. Detailed floor plans are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $670,000
- 6.5%
- $665,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $750,000
- Geo Method
- $710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $590,000
- Mixed-Use
- $775,000
- Hospitality
- $650,000
- Educational
- $790,000
- Residential Income
- $720,000
- Energy
- $775,000
- Income-Based Land
- $710,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3337
- Latitude
- 25.6974
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
