Professional Office Unit with
For Sale
Contact for pricing
2519 Galiano Street #704, Coral Gables, FL 33134
Configured office suite with reception areas, private management space, workstations, and a dedicated meeting room.
Property Size725 SF
Price / SF$2.87
Days on Market128
Property Features for 2519 Galiano Street #704
General Information
Standard status
Active
Size
725 SF
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Building Details
Year Built
1986
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Ismael D Alvarez · License #698263
(561) 667-8361
Source:
Lehmannflorida
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 28 at 7:28AM
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 Partnership Realty Inc.
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Investment Insights
Based on property information with market context.
Office Unit 704 is configured for professional operations with a reception point near the entrance, a separate receptionist area, a manager’s office, multiple workstations, and a conference room suited to meetings and closings. The property was built in 1986 and includes access to an attached parking garage.
Parking options extend beyond the garage, with guest parking, public parking adjacent to the property, and street parking. The office is located at 2519 Galiano Street in Coral Gables, Florida, near the area’s business district.
Parking options extend beyond the garage, with guest parking, public parking adjacent to the property, and street parking. The office is located at 2519 Galiano Street in Coral Gables, Florida, near the area’s business district.
Key Highlights
- Reception point and separate receptionist work area
- Manager’s office, workstations, and conference room
- Attached parking garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,216
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,320
$384.3K
Cap Rate 7%
$274,514
$274.5K
Cap Rate 9%
$213,511
$213.5K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$33.1K $45.60/SF
− Vacancy
−$7.4K −$10.26/SF
EGI
$25.6K $35.34/SF
− OpEx
−$6.4K −$8.84/SF
NOI
$19.2K $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%
$384,320
Cap Rate 7%
$274,514
Cap Rate 9%
$213,511
Alternative Uses
Best Use
Office B
$274.5K
$240.2K – $320.3K
NOI $19,216 @ 7.0% cap · market cap 923.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.8K
$321.9K – $429.1K
NOI $25,748 @ 7.0% cap · market cap 1,237.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9,041
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured office suite with reception areas, private management space, workstations, and a dedicated meeting room.
Where is this office unit located?
The property is located at 2519 Galiano Street #704 Coral Gables, FL.
What are key features of this property?
This property features: Reception point and separate receptionist work area; Manager’s office, workstations, and conference room; Attached parking garage
