Office Building with Executive
For Sale
Contact for pricing
267 MINORCA AV # 100, Coral Gables, FL 33134
Reception area, kitchen, conference room, and multiple private offices support a configured workplace.
Property Size10,376 SF
Price / SF$0.82
Days on Market222
Property Features for 267 MINORCA AV # 100
General Information
Standard status
Active
Size
10,376 SF
Class
Class A
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Taxes and HOA fees
Annual Taxes
$29,759
Amenities
reception
kitchen
conference room
Building Details
Building Size
10,376 SF
Year Built
2006
Listing Agency:
Village Realty of S. Florida
Listed By:
Robert Rodriguez · License #3160299
(786) 385-6221
Source:
Allyandaj
Added: Mar 28
Changed: Oct 31
Last Checked: Nov 3 at 10:50AM
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 Village Realty of S. Florida
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Investment Insights
Based on property information with market context.
This office building, constructed in 2006, includes a reception area, kitchen, conference room, 2 private bathrooms, 2 executive offices, and 4 smaller individual offices. The existing configuration provides a range of dedicated office and shared work areas within the property.
Located at 267 Minorca Ave #100 in Coral Gables, Florida, the property is offered with a floor plan available for review.
Located at 267 Minorca Ave #100 in Coral Gables, Florida, the property is offered with a floor plan available for review.
Key Highlights
- 2 executive offices and 4 smaller individual offices
- Reception area, kitchen, and conference room
- 2 private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,016
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,500,320
$5.5M
Cap Rate 7%
$3,928,800
$3.9M
Cap Rate 9%
$3,055,733
$3.1M
Market Conditions
NOI Build-Up for 10,376 SF
Gross rent
$473.1K $45.60/SF
− Vacancy
−$106.5K −$10.26/SF
EGI
$366.7K $35.34/SF
− OpEx
−$91.7K −$8.84/SF
NOI
$275.0K $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%
$5,500,320
Cap Rate 7%
$3,928,800
Cap Rate 9%
$3,055,733
Alternative Uses
Best Use
Office B
$3.93M
$3.44M – $4.58M
NOI $275,016 @ 7.0% cap · market cap 3,235.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.61M – $6.14M
NOI $368,493 @ 7.0% cap · market cap 4,335.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,550
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 building - Reception area, kitchen, conference room, and multiple private offices support a configured workplace.
Where is this office building located?
The property is located at 267 MINORCA AV # 100 Coral Gables, FL.
What are key features of this property?
This property features: 2 executive offices and 4 smaller individual offices; Reception area, kitchen, and conference room; 2 private bathrooms
