Coral Gables Office
For Sale
$7,900,000
4070 Laguna St, Coral Gables, FL 33146
Renovated office building near Merrick Park with parking.
Property Size9,700 SF
Price / SF$814.43
Days on Market210
Property Features for 4070 Laguna St
General Information
Standard status
Active
Size
9,700 SF
Building Details
Year Built
1971
Listing Agency:
Keller Williams Realty Premier Properties
Listed By:
Daney Cabrera PA · License #3156705
(305) 606-5455
Source:
Mymiahomes
Added: Mar 12
Changed: Sep 6
Last Checked: Oct 5 at 10:59PM
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 Keller Williams Realty Premier Properties
Investment Insights
Based on property information with market context.
This professional office building, located on Laguna Street in Coral Gables, offers 9,700 square feet of office space. The property has been tastefully renovated and features an open lobby, conference rooms, a kitchen, private bathrooms, a copy room, and a supply/storage room. It also includes a newer roof and impact windows. On-site parking is available with 18 spaces, along with metered street parking and garage parking located across the street. The Douglas Road Metrorail Station is a few minutes' walk from the building. The property is located within walking distance of dining, nightlife, shopping and lifestyle options in the Class A shops at Merrick Park and downtown Coral Gables.
Key Highlights
- Prime Coral Gables location, steps from Merrick Park.
- 9,700 sqft of tastefully renovated office space.**
- Abundant parking: 18 on‑site spaces plus metered street parking and garage parking across the street.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,099
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,141,980
$5.1M
Cap Rate 7%
$3,672,843
$3.7M
Cap Rate 9%
$2,856,656
$2.9M
Market Conditions
NOI Build-Up for 9,700 SF
Gross rent
$442.3K $45.60/SF
− Vacancy
−$99.5K −$10.26/SF
EGI
$342.8K $35.34/SF
− OpEx
−$85.7K −$8.84/SF
NOI
$257.1K $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%
$5,141,980
Cap Rate 7%
$3,672,843
Cap Rate 9%
$2,856,656
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $257,099 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,485 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building near Merrick Park with parking.
Where is this office building located?
The property is located at 4070 Laguna St Coral Gables, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Prime Coral Gables location, steps from Merrick Park.; 9,700 sqft of tastefully renovated office space.**; Abundant parking: 18 on‑site spaces plus metered street parking and garage parking across the street.
