Elegant Office in Coral
306 alcazar ave 200, Coral Gables, FL 33134
For Sale
Contact for pricing
Spacious office with reception, conference room, balcony, and parking.
Property Size25,032 SF
Lot Size0.22 Acres
Days on Market245
Property Features for 306 alcazar ave 200
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Stories
Listing Agency:
First Service Realty ERA
Listed By:
Alejandro Clemente · License FL #0485256
(786) 325-0444
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 7:24AM
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 First Service Realty ERA
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Investment Insights
Based on property information with market context.
This elegant office space is located in Coral Gables. The layout includes a reception area, a conference room, and six individual offices. A balcony is also included. The property comes with five parking spaces. For additional details, contact the listing agent.
Key Highlights
- Elegant office in Coral Gables location
- Includes 5 parking spaces
- Features a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$698,528
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,970,560
$14.0M
Cap Rate 7%
$9,978,971
$10.0M
Cap Rate 9%
$7,761,422
$7.8M
Market Conditions
NOI Build-Up for 25,032 SF
Gross rent
$1.11M $44.40/SF
− Vacancy
−$180.1K −$7.19/SF
EGI
$931.4K $37.21/SF
− OpEx
−$232.8K −$9.30/SF
NOI
$698.5K $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%
$13,970,560
Cap Rate 7%
$9,978,971
Cap Rate 9%
$7,761,422
Alternative Uses
Best Use
Office B
$9.98M
$8.73M – $11.64M
NOI $698,528 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.67M
$11.96M – $15.95M
NOI $956,855 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,416
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
$660,200
Median Home Value
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Market
Average Price Trend$/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 - Spacious office with reception, conference room, balcony, and parking.
Where is this office unit located?
The property is located at 306 alcazar ave 200 Coral Gables, FL.
What are key features of this property?
This property features: Elegant office in Coral Gables location; Includes 5 parking spaces; Features a conference room
