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Property profile & analytics
FOR LEASE
Retail residential properties

220 Miracle Mile Coral Gables, FL 33134-5910

47,999 SF 0.55 ac lot Built 1950
Entity Owned 12-yr Hold Free & Clear
Property ID
US19-0510188
Property summary
AI-generated overview

This exceptional single-tenant office space, located at 220 Miracle Mile in Coral Gables, Florida (zip code 33134), offers 47,999 square feet of fully furnished and renovated executive offices. Situated in the heart of Coral Gables' iconic Miracle Mile, this property boasts a prestigious address surrounded by upscale businesses, restaurants, and shops, creating an ideal environment for professionals. The building, encompassing a single structure with one suite, is zoned 6400 and has an APN of 03-41-17-005-0350. The space is bright and spacious, benefiting from abundant natural light. Included in the lease are access to a shared conference room and a fully equipped kitchen. All utilities are covered, including internet, electricity, and water. The expansive common areas further enhance the professional and comfortable atmosphere. This is a truly remarkable opportunity to establish your business in a highly desirable and convenient location. The property's single-tenant occupancy ensures a streamlined and efficient workspace.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1950
Construction CONCRETE
Total area 47,999 SF
Lot 0.55 ac (23,945 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 03-4117-005-0350
UPID US19-0510188
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.45M
Comparable Approach Comparable
$11.94M
Blend (final) Blend
$14.56M
Owner & transaction history
Gables Miracle Mile LLC · 12 yrs held
Gables Miracle Mile LLC
since 2013
3 recorded transactions
2018
Price N/A
2013
$12.3M
2004
$12.0M
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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