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Property profile

6705 Red Rd Miami, FL 33143

OFF-MARKET
Office Spaces
View Sample
Built 2007

Property summary

AI-generated overview

This exceptional 1386-square-foot, end-unit office space in the prestigious Plaza San Remo building in Coral Gables, Florida, presents a unique investment opportunity. Built in 2007, this one-story, 6705 Red Road #522 property is ideally suited for medical or professional practices. The space boasts two bright doctor's offices with ample natural light, two exam rooms, and a versatile third office. A unique feature is the direct access door from the back office to the parking area, enhancing convenience for both staff and clients. The spacious waiting room features large windows, creating a welcoming atmosphere. The unit includes a private restroom and a kitchenette/lunchroom with a view, adding to employee comfort. A custom-built reception desk with a reception window ensures privacy and efficiency. The sale includes two valuable private parking spaces on the 4th level, adding $100,000 to the overall value. The building offers free parking for patients and guests. The fifth floor provides direct access to the hallway from the parking lot. This meticulously designed space combines luxury, functionality, and prime location, making it an exceptional investment opportunity. Showings are by appointment only. Asking price is $1,400,000.

Property profile

Verified
Property type Office Spaces
Year built 2007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Accounting Firm Tax Preparation
  • Medical Clinic
  • Spa & Massage Center Alternative Medicine Practice
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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