Coral Gables Office
135 San Lorenzo Ave 720 Coral Gables, FL 33146
For Sale
$985,000
Pending
Class A office space in the heart of Coral Gables.
Property Size1,709 SF
Days on Market74
Property Features for 135 San Lorenzo Ave 720
General Information
Standard status
Pending
Size
1,709 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
AG Real Estate Advisors, LLC
(305) 794-2655
Listed By:
Rodrigo Gomez · License #A11973299
(305) 794-2655
Source:
Elliman
Added: May 18
Changed: Jul 10
Last Checked: Jul 23 at 6:36AM
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 AG Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This 1,709 RSF office space features five offices, a reception area, a work area, and a break room. It is located in the Merrick View, a Class A professional office building at 135 San Lorenzo Ave in Coral Gables. The property is situated across the street from the Village of Merrick Park and offers immediate access to US-1. The location has a walk score of 83, indicating it is very walkable, a bike score of 74, indicating it is very bikeable and a transit score of 57, indicating good transit.
Key Highlights
- Class A office space in the heart of Coral Gables.
- 1,709 RSF with 5 offices, reception, work area, and break room.
- Located across the street from Village of Merrick Park.
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 | $77.9k | $45.60 |
| − Vacancy | −$17.5k | −$10.26 |
| EGI | $60.4k | $35.34 |
| − OpEx | −$15.1k | −$8.84 |
| NOI | $45.3k | $26.51 |
1,709 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$647.1K
$566.2K – $755.0K
NOI $45,297 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$867.0K
$758.7K – $1.01M
NOI $60,693 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office space in the heart of Coral Gables.
Where is this office units located?
The property is located at 135 San Lorenzo Ave 720 Coral Gables, FL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Class A office space in the heart of Coral Gables.; 1,709 RSF with 5 offices, reception, work area, and break room.; Located across the street from Village of Merrick Park.
