Single-User Office Building with High
For Sale
$799,000
Pending
137 Madeira Ave, Coral Gables, FL 33134
Freestanding 2,000 SF office with glass-walled offices, conference room, and large open work area.
Property Size2,000 SF
Days on Market3735
Property Features for 137 Madeira Ave
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
General Commercial
Amenities
high ceilings
signage
ADA restrooms
conference room
kitchenette
3
Building Details
Year Built
1958
Year Renovated
2012
Buildings
1
Building Size
2,000 SF
Tenancy
Single
Listing Agency:
RE/MAX Advance Realty
(305) 772-8513
Listed By:
Billy Planes · License #A11915381
(305) 772-8513
Source:
Xome
Added: May 13, 2016
Changed: Jul 30
Last Checked: Jul 30 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advance Realty
Investment Insights
Based on property information with market context.
Located in Coral Gables, this freestanding single-user office building offers 2,000 SF of designed office space. The layout includes four offices with glass walls, a conference room, reception and kitchenette area, and a large open work area sized to accommodate multiple workstations. The building also features high ceilings, signage, and two ADA restrooms.
Recent building improvements include a roof replacement in 2012 and installation of a new HVAC system. Built in 1958, the property is configured to support day-to-day office use with both private offices and shared collaboration space.
Recent building improvements include a roof replacement in 2012 and installation of a new HVAC system. Built in 1958, the property is configured to support day-to-day office use with both private offices and shared collaboration space.
Key Highlights
- 2,000 SF freestanding single‑user office building in Coral Gables
- Four glass‑walled offices plus conference room, reception and kitchenette, and large open work area
- High ceilings and signage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.2k | $45.60 |
| − Vacancy | −$20.5k | −$10.26 |
| EGI | $70.7k | $35.34 |
| − OpEx | −$17.7k | −$8.84 |
| NOI | $53.0k | $26.51 |
2,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$757.3K
$662.6K – $883.5K
NOI $53,010 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
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 - Freestanding 2,000 SF office with glass-walled offices, conference room, and large open work area.
Where is this office building located?
The property is located at 137 Madeira Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,000 SF freestanding single‑user office building in Coral Gables; Four glass‑walled offices plus conference room, reception and kitchenette, and large open work area; High ceilings and signage
