Freestanding Two-Story Office
For Sale
$5,950,000
101 Madeira Ave Coral Gables, Miami, FL 33134
Vacant office property with dedicated on-site parking and frontage along two streets.
Property Size7,254 SF
Lot Size0.15 Acres
Price / SF$820.24
Days on Market100
Property Features for 101 Madeira Ave Coral Gables
General Information
Standard status
Active
Size
7,254 SF
Total Parking Spaces
13
Lot size
0.15 Acres
Property subtype
CommercialSale
Zoning
5004
Additional Details
Road Access
Yes
Building Details
Building Size
7,254 SF
Year Built
1963
Buildings
1
Stories
2
Listed By:
Olga Sinchuk
(904) 447-1321
Source:
Yourfhrm
Added: Jul 8
Changed: Oct 7
Last Checked: Oct 7 at 9:57AM
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 Olga Sinchuk
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Investment Insights
Based on property information with market context.
Built in 1963, this freestanding two-story office building contains approximately 7,254 SF and is being offered vacant. The property includes 13 dedicated on-site parking spaces, a signalized corner position, and frontage along two streets.
Located at 101 Madeira Avenue in Coral Gables, the building occupies an approximately 6,490 SF corner lot. Its standalone configuration, existing office improvements, and dedicated parking provide a practical setup for an owner-user or office tenant seeking a centrally positioned commercial property.
Located at 101 Madeira Avenue in Coral Gables, the building occupies an approximately 6,490 SF corner lot. Its standalone configuration, existing office improvements, and dedicated parking provide a practical setup for an owner-user or office tenant seeking a centrally positioned commercial property.
Key Highlights
- Approximately 7,254 SF freestanding office building
- Two‑story office configuration delivered vacant
- 13 dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,099
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,161,980
$4.2M
Cap Rate 7%
$2,972,843
$3.0M
Cap Rate 9%
$2,312,211
$2.3M
Market Conditions
NOI Build-Up for 7,254 SF
Gross rent
$326.4K $45.00/SF
− Vacancy
−$49.0K −$6.75/SF
EGI
$277.5K $38.25/SF
− OpEx
−$69.4K −$9.56/SF
NOI
$208.1K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,161,980
Cap Rate 7%
$2,972,843
Cap Rate 9%
$2,312,211
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.47M
NOI $208,099 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.90M
$4.28M – $5.71M
NOI $342,755 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Vacant office property with dedicated on-site parking and frontage along two streets.
Where is this office building located?
The property is located at 101 Madeira Ave Coral Gables Miami, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Approximately 7,254 SF freestanding office building; Two‑story office configuration delivered vacant; 13 dedicated on‑site parking spaces
