Private Office
For Sale
Contact for pricing
124 Almeria Avenue, Coral Gables, FL 33134
The space is configured for private office use in Coral Gables.
Property Size1,600 SF
Price / SF$2.81
Days on Market19
Property Features for 124 Almeria Avenue
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Office
Building Details
Year Built
1954
Listing Agency:
The Suero Group
(305) 901-7176
Listed By:
Jose Gomez · License #3474864
(786) 282-9963
Source:
Lehmannflorida
Added: Oct 3
Changed: Oct 21
Last Checked: Oct 20 at 9:32PM
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 The Suero Group
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Investment Insights
Based on property information with market context.
This 800 SF office unit provides a private workspace at 124 Almeria Ave in Coral Gables. The building dates to 1954.
Key Highlights
- 800 SF private office unit
- Located at 124 Almeria Ave in Coral Gables
- Building constructed in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,408
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,160
$848.2K
Cap Rate 7%
$605,829
$605.8K
Cap Rate 9%
$471,200
$471.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.0K $45.60/SF
− Vacancy
−$16.4K −$10.26/SF
EGI
$56.5K $35.34/SF
− OpEx
−$14.1K −$8.84/SF
NOI
$42.4K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,160
Cap Rate 7%
$605,829
Cap Rate 9%
$471,200
Alternative Uses
Best Use
Office B
$605.8K
$530.1K – $706.8K
NOI $42,408 @ 7.0% cap · market cap 942.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.7K
$710.3K – $947.0K
NOI $56,822 @ 7.0% cap · market cap 1,262.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,420
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The space is configured for private office use in Coral Gables.
Where is this office unit located?
The property is located at 124 Almeria Avenue Coral Gables, FL.
What are key features of this property?
This property features: 800 SF private office unit; Located at 124 Almeria Ave in Coral Gables; Building constructed in 1954
