Renovated Professional Office
For Sale
$7,900,000
4070 Laguna St, Coral Gables, FL 33146
Commercial Sale, Coral Gables, FL
Property Size9,700 SF
Lot Size0.23 Acres
Price / SF$814.43
Days on Market32
Property Features for 4070 Laguna St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
5004
Parking
18
Parking features
Guest, Assigned, Covered
Subdivision
41
Standard status
Active
APN
03-41-20-017-0100
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
CORAL GABLES IND SEC PB 28-22 LOTS 9, 10, 11 & 12 BLK 1 LOT SIZE 10000 SQ FT M/L
Legal Description
CORAL GABLES IND SEC PB 28-22 LOTS 9, 10, 11 & 12 BLK 1 LOT SIZE 10000 SQ FT M/L
Utilities
Cooling system
Central Air
Amenities
open lobby
conference rooms
kitchen
private bathrooms
copy room
supply/storage room
newer roof
impact windows
Building Details
Year built
1971
Flooring type
Tile - Ceramic, Carpet
Building materials
Block
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Daney Cabrera PA · License #3156705
(305) 606-5455
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 30 at 4:06AM
MLS# A12061832
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional office building in Coral Gables was built in 1971 and has been renovated with a newer roof and impact windows. The interior includes an open lobby, conference rooms, kitchen, private bathrooms, copy room, and supply and storage room. Block construction, carpet and ceramic tile flooring, and central air are also provided. On-site parking includes 18 spaces with covered, guest, and assigned options.
The property is located on Laguna St near Merrick Park, with additional metered street parking and garage parking across the street. Douglas Road Metrorail Station is within a few minutes’ walk. Nearby Class A shops at Merrick Park and downtown Coral Gables provide access to dining, nightlife, shopping, and lifestyle amenities.
The property is located on Laguna St near Merrick Park, with additional metered street parking and garage parking across the street. Douglas Road Metrorail Station is within a few minutes’ walk. Nearby Class A shops at Merrick Park and downtown Coral Gables provide access to dining, nightlife, shopping, and lifestyle amenities.
Key Highlights
- Renovated office building with newer roof and impact windows
- 18 on‑site parking spaces with covered, guest, and assigned options
- Open lobby, conference rooms, kitchen, and private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$257,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,141,980
$5.1M
Cap Rate 7%
$3,672,843
$3.7M
Cap Rate 9%
$2,856,656
$2.9M
Market Conditions
NOI Build-Up for 9,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$442.3K $45.60/SF
− Vacancy
−$99.5K −$10.26/SF
EGI
$342.8K $35.34/SF
− OpEx
−$85.7K −$8.84/SF
NOI
$257.1K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,141,980
Cap Rate 7%
$3,672,843
Cap Rate 9%
$2,856,656
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $257,099 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,485 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Open lobby, conference rooms, kitchen, private bathrooms, and dedicated support areas create a functional professional office layout.
Where is this office building located?
The property is located at 4070 Laguna St Coral Gables, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Renovated office building with newer roof and impact windows; 18 on‑site parking spaces with covered, guest, and assigned options; Open lobby, conference rooms, kitchen, and private bathrooms
