700 Biltmore WayCoral Gables, FL 33134

Property Details for 700 Biltmore Way

Year built

1963

Property size (Sq ft)

5,480 SF

Zone code

5000:HOTELS&MOTELS-GEN

Property type

Retail space

APN

03-4117-034-2090

APU

341170342090

Description

This exceptional 4,841 square foot office space is located in the prestigious lobby of the historic David William Hotel in the heart of Coral Gables, Florida. The property boasts a brand new, high-end build-out featuring four large private office suites, four additional associate suites, and a bullpen area with twelve individual cubicles, providing ample space for a variety of work styles and team sizes. A substantial conference room is included, along with a comfortable living room area adjacent to a fully equipped kitchen. The kitchen is complete with a refrigerator, sink, microwave, and a wine refrigerator, offering convenience and a sophisticated atmosphere. The office showcases top-of-the-line finishes throughout, including custom Italian cabinetry and flooring, reflecting a commitment to quality and elegance. An advanced Elan A/V system seamlessly integrates speakers and cameras throughout the space, enhancing communication and collaboration. Situated at 700 Biltmore Way, Coral Gables, FL 33134, this unique office space presents a rare opportunity to secure a truly exceptional and meticulously designed workspace in one of South Florida's most desirable locations. The asking price for this special purpose property is $2,999,500. This turnkey solution offers immediate occupancy and a prestigious address.

• CAP approach

  CAP return

  Valuation

  6%

  $5,690,679

  6.5%

  $5,252,934

  7%

  $4,877,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,423,884

  Geo Method

  $4,423,884

• Alternative Use

  Use

  Valuation

  Residential

  $4,431,047

  Hospitality

  $4,058,815

  Educational

  $3,376,886

  Medical

  $3,493,023

  Retail

  $5,252,934

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7477

Longitude

-80.2695

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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