Professional Office Units with Private
For Sale
$1,499,999
Pending
340 Sevilla Avenue, Coral Gables, FL 33134
Flexible workspace includes enclosed offices, workstations, and a dedicated conference room for organized professional operations.
Property Size2,000 SF
Days on Market176
Property Features for 340 Sevilla Avenue
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1948
Listing Agency:
Compass Florida, LLC.
Listed By:
Jose Nicolas · License #3513940
(305) 903-2050
Source:
Compass
Added: Mar 16
Changed: Aug 31
Last Checked: Aug 30 at 10:58AM
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 Compass Florida, LLC.
Investment Insights
Based on property information with market context.
This 2,000-square-foot office property, built in 1948, is configured for professional users with multiple enclosed offices, workstations, and a separate conference room. Built-in shelving and cabinetry provide integrated storage, while overhead lighting and neutral finishes support a practical setting that can be customized to suit an occupant’s operations. The layout separates client-facing areas from staff workspace for an orderly daily workflow.
Located at 340 Sevilla Avenue in Coral Gables, the property sits along a walkable corridor with strong visibility. The surrounding area includes established professional offices and amenities, providing a business-oriented setting for the existing office configuration. The property may accommodate owner-users or investors seeking office space with a range of professional applications.
Located at 340 Sevilla Avenue in Coral Gables, the property sits along a walkable corridor with strong visibility. The surrounding area includes established professional offices and amenities, providing a business-oriented setting for the existing office configuration. The property may accommodate owner-users or investors seeking office space with a range of professional applications.
Key Highlights
- 2,000 SF office property built in 1948
- Multiple private offices and workstations
- Dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,200
$1.1M
Cap Rate 7%
$757,286
$757.3K
Cap Rate 9%
$589,000
$589.0K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.2K $45.60/SF
− Vacancy
−$20.5K −$10.26/SF
EGI
$70.7K $35.34/SF
− OpEx
−$17.7K −$8.84/SF
NOI
$53.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,200
Cap Rate 7%
$757,286
Cap Rate 9%
$589,000
Alternative Uses
Best Use
Office B
$757.3K
$662.6K – $883.5K
NOI $53,010 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,915
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible workspace includes enclosed offices, workstations, and a dedicated conference room for organized professional operations.
Where is this office units located?
The property is located at 340 Sevilla Avenue Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 2,000 SF office property built in 1948; Multiple private offices and workstations; Dedicated conference room
