Listing Agency: Newmark | Miami g***@nmrk.com Show Phone

Listed By: Griffin Garroway

Source: Nmrk

Added: Jan 27 Changed: Jul 10 Last Checked: Aug 5 at 5:25AM

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Investment Insights

Based on property information with market context.

Located in the heart of Coral Gables’ Central Business District, this office space is available for lease. The property features Class A finishes and a new high-efficiency HVAC system. Enhancements include a new terrace, roof, and aluminum slat railing, along with new emergency efficient exterior windows and doors. The building is equipped with LED lighting throughout and has a new electrical system and panels. Private on-site parking is available, and the building includes a new elevator.

Key Highlights

• Located in the heart of Coral Gables’ Central Business District
• Private on‑site parking
• Class A finishes throughout

Property Analytics

Property Profile

Current Use

Apollo Wellness Gym & Fitness Center

Suggested Use

Top Pick Grocery & Convenience Store Auto Parts Store Storage Facility Electrical Service (Bike/Boat/Book/etc) Store Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$7.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

9,041

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

Lease Benchmarks for Gables, FL

$33.6 /SF/Yr

Avg Asking Price

$1.2–$107 /SF/Yr

Price Range

16,237 SF

Avg Space Size

This space is priced 46% above the average of $33.6 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office space for lease in Coral Gables' Central Business District.

Where is this office units located?

The property is located at 121 Almeria Avenue Coral Gables, FL.

What is the lease rate?

The lease rate is $49 SF/Yr.

What are key features of this property?

This property features: Located in the heart of Coral Gables’ Central Business District; Private on‑site parking; Class A finishes throughout