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    274 Alhambra Cir Coral Gables, FL 33134

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    For Sale
    $3,595,000

    Two-tenant property in prime Coral Gables location near Miracle Mile.

    Lot size:
    0.11 Acres

    Property Features for 274 Alhambra Cir

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1940

    Source: Landy Toledo LLC Agent Landy Toledo

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

    Overview

    Coral Gables Net Leased Asset

    Located at 274 Alhambra Circle in Coral Gables, Florida, this two-tenant net leased asset is positioned along one of the city's most prominent business corridors. The 4,850-square-foot building sits on a 5,000-square-foot parcel, presenting an investment opportunity in a high-barrier-to-entry market. Situated in the heart of Coral Gables, the property offers walkability and is located two blocks from Miracle Mile, an area known for dining, shopping, and entertainment. The property features a fully built-out restaurant and an established dry cleaner with over 30 years of operation. Current rental rates average $39 per square foot NNN, which is below prevailing market rates, suggesting potential future upside.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Flower Dream Miami, Flowers by Belkis, Enchanted Flowers & Floral, Orchids & Flowers, Queipo Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.260287
    Latitude
    25.751703

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    FAQs

    What type of property is this?
    Storefront property - Two-tenant property in prime Coral Gables location near Miracle Mile.
    Where is this storefront property located?
    The property is located at 274 Alhambra Cir Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: - Prime location on Alhambra Circle in Coral Gables, a prominent business corridor; - Two-tenant net leased asset with fully built-out restaurant and established dry cleaner; - Significant future upside potential due to below-market rental rates
    (305) 389-2511
    Request Owner's contact information
    274 Alhambra Cir Coral Gables, FL 33134
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    Coral Gables, FL 33134
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    Realmo Value Estimation

    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.

    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.

    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
    274 Alhambra Cir Coral Gables, FL 33134
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