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    117 Majorca Ave Coral Gables, FL 33134

    For Sale
    $2,100,000

    Well-maintained two-story office building in the heart of Coral Gables.

    Lot size:
    0.12 Acres

    Property Features for 117 Majorca Ave

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1971

    Source: Montgomery & Koebel, Inc. Agent Jeffrey Koebel

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

    Overview

    Coral Gables Free-Standing Office Building

    This is a well-maintained, two-story free-standing office building located in Coral Gables. Constructed in 1971, the 3,832 square foot building is situated on a 5,050 square foot lot. It has been meticulously cared for by the same owner for over 40 years. The property is zoned Mixed-Use 2 (MX2), providing flexibility for various commercial uses. Recent capital improvements include a new roof and updated electrical systems completed in 2024. The building is currently 75% tenant occupied with short-term leases, offering immediate income with the potential to reposition or occupy. The property includes six marked on-site parking spaces in the rear. This is an investment or end-user opportunity in one of South Florida's business districts.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.257279
    Latitude
    25.75549

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    FAQs

    What type of property is this?
    Office building - Well-maintained two-story office building in the heart of Coral Gables.
    Where is this office building located?
    The property is located at 117 Majorca Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Prime Coral Gables location in a desirable business district.; - Free-standing, 2-story office building with 3,832 SF on a 5,050 SF lot.; - Mixed-Use 2 (MX2) zoning provides flexibility for various commercial uses.
    (305) 606-2252
    Request Owner's contact information
    117 Majorca Ave 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
    117 Majorca Ave Coral Gables, FL 33134
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