Modern Office Space with High
For Sale
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135 San Lorenzo Ave # 150, Coral Gables, FL 33146
Modern office space with high ceilings, expansive windows, private bathrooms, and a break room.
Property Size5,866 SF
Days on Market435
Property Features for 135 San Lorenzo Ave # 150
General Information
Standard status
Active
Size
5,866 SF
Property subtype
Office
Site & Location
Neighborhood
Coconut Grove
Taxes and HOA fees
Annual Taxes
$10,298
Amenities
high ceilings
expansive windows
break room
private bathrooms
Building Details
Building Size
5,866 SF
Year Built
2008
Listing Agency:
AG Real Estate Advisors, LLC
Listed By:
Marcello Agostini · License #3073746
(305) 794-2655
Source:
Luxeknows
Added: Aug 27, 2025
Changed: Oct 31
Last Checked: Nov 3 at 1:16PM
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
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Investment Insights
Based on property information with market context.
This modern office space features high ceilings and expansive windows designed to bring in natural light. The layout includes 22 offices and 16 workstations, along with a break room and private bathrooms. The property was built in 2008.
Located at 135 San Lorenzo Ave #150 in Coral Gables, the space is described as being just steps away from Merrick Park in a rapidly growing area. Dedicated parking is also available by option to rent up to 19 parking spaces, supporting convenient day-to-day operations.
The space is laid out to support both private work and collaborative flow, with dedicated rooms for offices and workstation seating plus on-site break and restroom facilities.
Located at 135 San Lorenzo Ave #150 in Coral Gables, the space is described as being just steps away from Merrick Park in a rapidly growing area. Dedicated parking is also available by option to rent up to 19 parking spaces, supporting convenient day-to-day operations.
The space is laid out to support both private work and collaborative flow, with dedicated rooms for offices and workstation seating plus on-site break and restroom facilities.
Key Highlights
- Built in 2008
- High ceilings and expansive windows for natural light
- 22 offices plus 16 workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,189
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,780
$2.0M
Cap Rate 7%
$1,416,986
$1.4M
Cap Rate 9%
$1,102,100
$1.1M
Market Conditions
NOI Build-Up for 5,866 SF
Gross rent
$154.9K $26.40/SF
− Vacancy
−$13.2K −$2.24/SF
EGI
$141.7K $24.16/SF
− OpEx
−$42.5K −$7.25/SF
NOI
$99.2K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,780
Cap Rate 7%
$1,416,986
Cap Rate 9%
$1,102,100
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,478 @ 7.0% cap · market cap 282,687.27%
Second Best
Retail
$1.42M
$1.24M – $1.65M
NOI $99,189 @ 7.0% cap · market cap 180,343.64%
Theoretical Best
Office A
$2.98M
$2.60M – $3.47M
NOI $208,325 @ 7.0% cap · market cap 378,772.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,044
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Modern office space with high ceilings, expansive windows, private bathrooms, and a break room.
Where is this office unit located?
The property is located at 135 San Lorenzo Ave # 150 Coral Gables, FL.
What are key features of this property?
This property features: Built in 2008; High ceilings and expansive windows for natural light; 22 offices plus 16 workstations
