Pharmacy-Built Retail
For Sale
Contact for pricing
5500 SW 8th St Unit Pharmacy, Coral Gables, FL 33134
Retail zoning accommodates categories such as banks, bakeries, bookstores, apparel and grocery stores.
Property Size5,583 SF
Price / SF$0.01
Days on Market744
Property Features for 5500 SW 8th St Unit Pharmacy
General Information
Standard status
Active
Size
5,583 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
40,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$29,770
Building Details
Building Size
5,583 SF
Year Built
1965
Listing Agency:
Cohen & Roth, LLC
Listed By:
Reinaldo Delgado · License #3243327
(305) 401-3900
Source:
Propertysmartre
Added: Oct 18, 2024
Changed: Oct 31
Last Checked: Oct 31 at 3:15AM
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 Cohen & Roth, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Coral Gables retail property has a pharmacy interior buildout and occupies a corner lot. The building dates to 1965 and has a new roof.
The property is associated with a daily traffic count of 40,000. Retail uses listed for the site include banks, beauty parlors, bakeries, bookstores, apparel and grocery stores, along with health clubs, gift shops and pet-care facilities.
The property is associated with a daily traffic count of 40,000. Retail uses listed for the site include banks, beauty parlors, bakeries, bookstores, apparel and grocery stores, along with health clubs, gift shops and pet-care facilities.
Key Highlights
- Existing pharmacy interior buildout
- Corner‑lot position in Coral Gables
- Daily traffic count of 40,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,404
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,888,080
$1.9M
Cap Rate 7%
$1,348,629
$1.3M
Cap Rate 9%
$1,048,933
$1.0M
Market Conditions
NOI Build-Up for 5,583 SF
Gross rent
$147.4K $26.40/SF
− Vacancy
−$12.5K −$2.24/SF
EGI
$134.9K $24.16/SF
− OpEx
−$40.5K −$7.25/SF
NOI
$94.4K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,888,080
Cap Rate 7%
$1,348,629
Cap Rate 9%
$1,048,933
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,478 @ 7.0% cap · market cap 282,836.84%
Second Best
Retail
$1.35M
$1.18M – $1.57M
NOI $94,404 @ 7.0% cap · market cap 248,431.58%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,274 @ 7.0% cap · market cap 521,773.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,691
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail zoning accommodates categories such as banks, bakeries, bookstores, apparel and grocery stores.
Where is this retail space located?
The property is located at 5500 SW 8th St Unit Pharmacy Coral Gables, FL.
What are key features of this property?
This property features: Existing pharmacy interior buildout; Corner‑lot position in Coral Gables; Daily traffic count of 40,000
