Miracle Mile Office
For Sale
Contact for pricing
220 Miracle Mile B216, Coral Gables, FL 33134
718 SF office space on Miracle Mile, Coral Gables.
Property Size48,001 SF
Lot Size0.55 Acres
Days on Market332
Property Features for 220 Miracle Mile B216
General Information
Standard status
Active
Size
48,001 SF
Lot size
0.55 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Downtown Coral Gables
Taxes and HOA fees
Annual Taxes
$339,732
Building Details
Building Size
48,001 SF
Year Built
1950
Listing Agency:
Terranova Corp
Listed By:
Mindy Mcilroy · License #3554513
(305) 970-6344
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 10
Last Checked: Oct 24 at 7:25PM
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 Terranova Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 718 SF office space is located on Miracle Mile in Coral Gables, Florida. The suite features views of Miracle Mile, one private office, and ample co-working space. The building's location is on the 200th block of Miracle Mile, directly across from Hillstone and a few doors down from Pura Vida and Carrot Express.
Key Highlights
- Prime location on the famous Miracle Mile in Coral Gables.
- Enjoy Miracle Mile views.
- One private office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,272,267
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,445,340
$25.4M
Cap Rate 7%
$18,175,243
$18.2M
Cap Rate 9%
$14,136,300
$14.1M
Market Conditions
NOI Build-Up for 48,001 SF
Gross rent
$2.19M $45.60/SF
− Vacancy
−$492.5K −$10.26/SF
EGI
$1.70M $35.34/SF
− OpEx
−$424.1K −$8.84/SF
NOI
$1.27M $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,445,340
Cap Rate 7%
$18,175,243
Cap Rate 9%
$14,136,300
Alternative Uses
Best Use
Office B
$18.18M
$15.90M – $21.20M
NOI $1,272,267 @ 7.0% cap · market cap 33,445.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.35M
$21.31M – $28.41M
NOI $1,704,705 @ 7.0% cap · market cap 44,813.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,529
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
Frequently Asked Questions
What type of property is this?
Office unit - 718 SF office space on Miracle Mile, Coral Gables.
Where is this office unit located?
The property is located at 220 Miracle Mile B216 Coral Gables, FL.
What are key features of this property?
This property features: Prime location on the famous Miracle Mile in Coral Gables.; Enjoy Miracle Mile views.; One private office.
