Furnished Second-Floor Office
200-283 Catalonia Ave, Coral Gables, FL 33134
For Sale
Contact for pricing
A ready-to-use workspace includes executive offices, a conference room, and existing desks, cubicles, and other furnishings.
Property Size22,811 SF
Price / SF$0.00
Days on Market22
Property Features for 200-283 Catalonia Ave
General Information
Standard status
Size
Total Parking Spaces
Zoning
Space & Availability
Floor
Condition
Furnished
Site & Location
Neighborhood
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Stories
Listing Agency:
One Sotheby's International Realty
(305) 666-0562
Listed By:
Carlos Areces · License FL #3184709
(305) 282-3335
Source:
Exprealty
Added: Oct 19
Changed: Nov 5
Last Checked: Nov 8 at 9:30AM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Suite 200 occupies the second floor of a two-story office building and contains approximately 6,797 square feet. Its built-out layout includes a reception area, 15 executive offices, a private conference room, flexible open workspace, and a kitchen. Existing cubicles, desks, and furniture are included. Large windows provide city views, and the suite is zoned 5003 Mixed-Use.
The property is in Coral Gables’ Crafts Section, just off Ponce de Leon Boulevard and a few blocks south of Miracle Mile and the Central Business District. Parking includes 7 dedicated spaces and 4 shared spaces. Nearby development includes The Plaza Coral Gables and multifamily residences on the same street.
The property is in Coral Gables’ Crafts Section, just off Ponce de Leon Boulevard and a few blocks south of Miracle Mile and the Central Business District. Parking includes 7 dedicated spaces and 4 shared spaces. Nearby development includes The Plaza Coral Gables and multifamily residences on the same street.
Key Highlights
- Approximately 6,797 square feet on the second floor
- Layout includes reception, 15 executive offices, a private conference room, open workspace, and kitchen
- Existing cubicles, desks, and furniture are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$636,550
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,731,000
$12.7M
Cap Rate 7%
$9,093,571
$9.1M
Cap Rate 9%
$7,072,778
$7.1M
Market Conditions
NOI Build-Up for 22,811 SF
Gross rent
$1.01M $44.40/SF
− Vacancy
−$164.1K −$7.19/SF
EGI
$848.7K $37.21/SF
− OpEx
−$212.2K −$9.30/SF
NOI
$636.6K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,731,000
Cap Rate 7%
$9,093,571
Cap Rate 9%
$7,072,778
Alternative Uses
Best Use
Office B
$9.09M
$7.96M – $10.61M
NOI $636,550 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.46M
$10.90M – $14.53M
NOI $871,957 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
6,438
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
$660,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Coral Gables, FL
Properties on Market for Office Units in Coral Gables
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A ready-to-use workspace includes executive offices, a conference room, and existing desks, cubicles, and other furnishings.
Where is this office unit located?
The property is located at 200-283 Catalonia Ave Coral Gables, FL.
What are key features of this property?
This property features: Approximately 6,797 square feet on the second floor; Layout includes reception, 15 executive offices, a private conference room, open workspace, and kitchen; Existing cubicles, desks, and furniture are included
