Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2224 Coral Way Coral Gables, FL 33134

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Restaurant property in Miami's historic Coral Way corridor.

    Property size:
    2,100 SF
    Lot size:
    0.06 Acres

    Property Features for 2224 Coral Way

    General Information

    Size
    2,100 SF
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    Ashleen Cruz
    Source: Moodyscre

    Listing Agent: Ashleen Cruz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Coral Way Restaurant Opportunity

    Located in the heart of Miami’s historic Coral Way corridor, this property is currently home to The Gibson Room, a celebrated and award-winning restaurant. The property offers the stability of a nationally recognized tenant with the long-term potential for an owner-user takeover. The property size is 2100 square feet.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Roberquisfood, Southern Pour, francisco is cooking for you, Antonucci NYC Original

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.23151
    Latitude
    25.750292

    Nearby Similar for Sale

    • $100,000

      Luxury Restaurant Business Opportunity

      Fully equipped restaurant business for lease in Coral Gables, FL.
      Miracle Mile- Restaurant For Sale, Coral Gables, FL 33134
      View Details
    • $3,450,000

      Charming Multifamily Building in Coral Gables

      13-unit multifamily building in the heart of Coral Gables.
      3409 S Le Jeune Rd, Coral Gables, FL 33134
      View Details
    • New
      $1,424,900

      Elegant Office in Coral Gables

      Class-A office space with five parking spots in Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $18,000,000

      Luxury Coral Gables Penthouse Office

      Fully furnished, 12,576 SF penthouse office in Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • New
      $3,850,000

      Renovated Office Building, Coral Gables

      Free-standing, renovated office building in the heart of Coral Gables.
      45 Valencia Ave, Coral Gables, FL 33134
      View Details
    • $7,900,000

      Renovated Office Building Near Merrick

      Tastefully renovated Coral Gables office building near high-end amenities.
      4070 Laguna St, Coral Gables, FL 33146
      View Details
    • $190,000

      Luxury Salon Business Opportunity

      Turnkey luxury salon in Coral Gables with high-end clientele.
      1913 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $2,000,000
      3,420 SF

      Coral Gables Fourplex Investment Opportunity

      Multifamily property with four units in a prime Coral Gables location.
      29 Oviedo Ave, Coral Gables, FL 33134
      View Details
    • $155,000

      Salon Opportunity on Miracle Mile

      Turnkey salon with established revenue and growth potential on Miracle Mile.
      345 Miracle Mile, Coral Gables, FL 33134
      View Details
    • $4,900,000
      Pending

      Turnkey Office Space in Coral Gables

      10,000 SF turnkey office space in a prime location.
      420 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • $75,000

      Coral Gables Salon Business Opportunity

      Full-service salon in Coral Gables, ready for operation.
      57Th Ave, Coral Gables, FL 33143
      View Details
    • $660,000

      Coral Gables Office Condo

      Prestigious office condo in the heart of Coral Gables.
      420 S Dixie Hwy, Coral Gables, FL 33146
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant property in Miami's historic Coral Way corridor.
    Where is this restaurant located?
    The property is located at 2224 Coral Way Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Trophy property in the heart of Miami’s historic Coral Way corridor.; - Currently home to The Gibson Room, a celebrated and award-winning restaurant.; - Rarely available opportunity.
    (305) 961-1179
    Request Owner's contact information
    2224 Coral Way Coral Gables, FL 33134
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2224 Coral Way
    Coral Gables, FL 33134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2224 Coral Way Coral Gables, FL 33134
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashleen Cruz
    (305) 961-1179
    Learn more
    Google sign-in failed. Please try again or use another login method.