7765 87Th AveMiami, FL 33173

Property Details for 7765 87Th Ave

Year built

1997

Property size (Sq ft)

1,250 SF

Zone code

6900:SEMI PROFESS OFFICE

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $832,383

  6.5%

  $768,354

  7%

  $713,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,856

  Geo Method

  $379,856

• Alternative Use

  Use

  Valuation

  Residential

  $952,759

  Hospitality

  $872,722

  Educational

  $726,094

  Medical

  $751,066

  Retail

  $1,129,480

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.6974

Longitude

-80.3337

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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