4070 Laguna St Coral Gables, FL 33146
- Office buildings
- 9,700 SF
- 0.23 lot acres
Current Use by Public Records
- Office buildings
Property Details for 4070 Laguna St
- Year built
- 1971
- Construction
- CONCRETE
- Lot size
- 0.23 lot acres
- Property size
- 9,700 SF
- Zone code
- 7100:INDUSTRIAL,LIGHT MFG
- Property type
- Office buildings
- APN
- 03-4120-017-0100
- APU
- 341200170100
Description
This exceptional Coral Gables office building, located at 4070 Laguna Street, offers 9,490 square feet of beautifully renovated space. The single-tenant property boasts a tastefully updated interior, including an open lobby, multiple conference rooms, a well-equipped kitchen, private bathrooms, a dedicated copy room, and ample storage. The building features a newer roof and impact windows, providing both aesthetic appeal and enhanced security. On-site parking accommodates 11 vehicles, supplemented by readily available metered street parking and nearby garage options. The convenient location offers easy access to the Douglas Road Metrorail Station, just a short walk away. This property is ideally situated within walking distance of Merrick Park's upscale shopping, dining, and entertainment venues, as well as the vibrant downtown Coral Gables area. The zoning designation is 5004, and the APN is 03-41-20-017-0100. This presents a unique opportunity to acquire a well-maintained, highly desirable office building in a prime Coral Gables location. The property is zoned for office use and consists of a single suite within the building. The building's proximity to public transportation and high-end amenities makes it an attractive investment for businesses seeking a prestigious and convenient location. This is a single-tenant building with 4,745 square feet of office space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,375,000
- ML approach
- $3,840,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,945,000
- 6.5%
- $4,565,000
- 7%
- $4,240,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,965,000
Market price range: $2.13M - $7.18M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,985,000 Current use
- RESTAURANT
- $7,195,000 Change: +44% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $7,170,000 Change: +44% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,340,000 Change: +27% Conversion: Difficult
- MEDICAL BUILDING
- $4,260,000 Change: -15% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2614
- Latitude
- 25.734
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
