17395 Bay Rd Sunny Isles Beach, FL 33160-3334
This fully operational medical office building, located at 17395 N Bay Rd in Sunny Isles Beach, Florida, presents a unique investment opportunity. Built in 1974, this 1600 square foot property is currently generating a monthly rental income of $7,000, translating to $52 per square foot. The building boasts five exam rooms, multiple entrances, and comes fully furnished with all necessary equipment. A significant advantage is the inclusion of a full, free parking lot, a highly desirable feature in this prime Sunny Isles Beach location. The current tenant base consists of approximately 500 clients drawn from the nearby Winston Towers and the surrounding community. Daily operations are managed by a full-time nurse, ensuring smooth functionality. A 3-year lease is in place, with an option to extend to 5 years. All necessary occupational licenses are current and in good standing. The asking price for this turnkey medical practice is $249,900, offering a compelling return on investment for a discerning buyer. This property is ready for immediate use and presents a seamless transition for a new owner. The property is situated in Miami-Dade County, Florida, zip code 33160.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
4000:MULTI-FAM,63-100 U/A · Sunny Isles Beach, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.