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    5620 SW 67Th Ave South Miami, FL 33143
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    5620 SW 67Th Ave South Miami, FL 33143

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    • Medical Office Space
    For Lease
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    South Miami Medical/Professional Office Space For Lease
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    10,592 SF

    South Miami Medical/Professional Office Space

    Freestanding two-story office building designed for medical or professional use.

    5620 SW 67th Ave, South Miami, FL 33143
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    Property ID
    US18-5269193
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5620 SW 67Th Ave

    Year built
    2024
    Property type
    Medical Office Space
    Property subtype
    Medical centers

    Description

    Discover Your Next Opportunity at Ludlam Medical Center -Premier Medical/Professional Office Space in South Miami! Welcome to Ludlam Medical Center , a unique opportunity designed for the discerning medical professional or entrepreneur seeking a prime location in South Miami. This brand-new, frestanding two-story office building is strategically situated at 5620 SW 67th Ave, Miami, FL 33143 offering 10,592 square feet of meticulously planned office space that caters perfectly to the needs of a Medical Office, Ambulatory Surgical Center or Professional Office. Property Highlights: Ample Space: Spanning over 10,000 square feet, this impressive facility is designed to accommodate a variety of medical and professional practices. Incredible Accessibility: Enjoy seamless access to major thoroughfares including 826, US-1, Miller Drive, Bird Road, and Sunset Drive, putting you at the center of South Miami’s vibrant community. Patient & Staff Convenience: With 44 dedicated parking spaces, your patients and staff will enjoy easy access to the building, ensuring a hassle-free visit every time. Safety & Security: Equipped with state-of-the-art hurricane-impact windows & doors, fire sprinklers, and a generator, this building offers peace of mind for you and your clients. Elevator Access: The stretcher cab elevator ensures easy mobility throughout the building, making it an ideal fit for all medical needs. Prime Location: Ludlam Medical Center is just moments away from esteemed healthcare facilities including Baptist Health South Miami, Larkin Community Hospital South Miami, University of Miami and Nicklaus Children's Hospital. Whether you’re looking to serve a local patient base or expand your practice, being surrounded by such reputable institutions is a significant advantage. Lifestyle & Amenities: Beyond its medical potential, this location boasts a variety of shops, schools and restaurants within a quick 5-minute drive, providing convenience for both staff and patients alike. Enjoy the vibrant lifestyle of South Miami while establishing your business in a thriving area that attracts a diverse clientele. Why Wait? Opportunities like this don’t last long! Join the ranks of successful medical professionals in one of Miami’s most sought-after locations. Schedule your private tour today and envision the transformative potential of Ludlam Medical Center for your practice. Call AMS Healthcare Real Estate today at (305) 607-1774 to learn more about Ludlam Medical Center and to schedule a viewing of this outstanding property! Your future begins here at Ludlam Medical Center!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2982
    Latitude
    25.7024

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    Similar Nearby for Lease

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      Prime Medical Office Space for Lease

      High-end, single-tenant medical office
      7245 57 Ct, South Miami, FL 33143
      View Details
    • Contact for pricing

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      High-end medical spa offices with existing client base.
      7245 SW 57Th Ct, South Miami, FL 33143
      View Details
    • Contact for pricing

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      Class A medical office space in a prime location.
      6705 Red Rd, Coral Gables, FL 33143
      View Details
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      Ground floor office perfect for medical, retail, or professional use.
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      View Details
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      South Miami Office Building

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    View Listing
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    South Miami, FL 33143
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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