Office Suite with Private
For Sale
Contact for pricing
220 Miracle Mile # B216, Coral Gables, FL 33134
The suite combines enclosed office space with an area for collaborative work.
Property Size48,001 SF
Price / SF$0.08
Days on Market393
Property Features for 220 Miracle Mile # B216
General Information
Standard status
Active
Size
48,001 SF
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$339,732
Building Details
Building Size
48,001 SF
Year Built
1950
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Oct 1, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:56AM
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 Emporio Real Estate
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-square-foot office suite includes one private office and additional space for coworking. The building dates to 1950 and is on Miracle Mile in Coral Gables, Florida.
Hillstone is directly across the street, with Pura Vida and Carrot Express a few doors away.
Hillstone is directly across the street, with Pura Vida and Carrot Express a few doors away.
Key Highlights
- 718 SF office suite
- One private office plus coworking space
- On Miracle Mile in Coral Gables
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
8,738
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 - The suite combines enclosed office space with an area for collaborative work.
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: 718 SF office suite; One private office plus coworking space; On Miracle Mile in Coral Gables
