Corner Office Building with Conference
For Sale
$494,900
Pending
4485 SW 8 ST, Coral Gables, FL 33134
Freestanding corner office with reception, open work area, conference room, two central A/C units, and rear parking.
Property Size1,661 SF
Days on Market4116
Property Features for 4485 SW 8 ST
General Information
Standard status
Pending
Size
1,661 SF
Property subtype
General Commercial
Amenities
3
4 Parking Spaces.
Building Details
Year Built
1959
Year Renovated
2004
Buildings
1
Listing Agency:
Developers Group Realty
(305) 588-0460
Listed By:
Arturo Garcia-Lavin · License #0652100
(305) 588-0460
Source:
Xome
Added: Apr 28, 2015
Changed: Jul 30
Last Checked: Jul 30 at 9:10AM
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 Developers Group Realty
Investment Insights
Based on property information with market context.
This freestanding corner office building was completely redone in 2004 and offers a compact, professional layout totaling 1,661 SF. The interior includes three executive offices, a reception area, an open work area, and a conference room, supported by two central A/C units. The building was originally built in 1959.
Parking is provided in the rear with four parking spaces, and off-street parking is also available.
Parking is provided in the rear with four parking spaces, and off-street parking is also available.
Key Highlights
- Completely redone corner office building, 2004
- Freestanding interior layout includes three executive offices, reception, open work area, and conference room
- Two central A/C units
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 | $75.7k | $45.60 |
| − Vacancy | −$17.0k | −$10.26 |
| EGI | $58.7k | $35.34 |
| − OpEx | −$14.7k | −$8.84 |
| NOI | $44.0k | $26.51 |
1,661 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$628.9K
$550.3K – $733.8K
NOI $44,025 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.7K
$737.4K – $983.2K
NOI $58,989 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,749
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 corner office with reception, open work area, conference room, two central A/C units, and rear parking.
Where is this office building located?
The property is located at 4485 SW 8 ST Coral Gables, FL.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Completely redone corner office building, 2004; Freestanding interior layout includes three executive offices, reception, open work area, and conference room; Two central A/C units
