Freestanding Retail
1586 S Dixie Hwy, Coral Gables, FL 33146
For Sale
Contact for pricing
Entry is available from both South Dixie Highway and Madruga Avenue.
Property Size3,333 SF
Lot Size0.23 Acres
Price / SF$0.03
Days on Market136
Property Features for 1586 S Dixie Hwy
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
BHHS EWM Realty
Listed By:
Scott Shuffield · License #3237495
(305) 726-3133
Source:
Boschettirealtygroup
Added: Jun 25
Changed: Nov 7
Last Checked: Nov 7 at 1:02PM
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 BHHS EWM Realty
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Investment Insights
Based on property information with market context.
This freestanding retail property contains 3,333 square feet on a 10,005-square-foot lot. Built in 1976, the building has parking for up to 22 vehicles and access from South Dixie Highway and Madruga Avenue. Its prior occupants included Swensen's Ice Cream and Misha's Cupcakes.
The property is on South Dixie Highway, also designated US-1, in Coral Gables. Nearby destinations include the University of Miami, Downtown South Miami, Metrorail, Baptist Health, and Sunset Place.
The property is on South Dixie Highway, also designated US-1, in Coral Gables. Nearby destinations include the University of Miami, Downtown South Miami, Metrorail, Baptist Health, and Sunset Place.
Key Highlights
- 3,333‑square‑foot freestanding retail building on a 10,005‑square‑foot lot
- Parking for up to 22 vehicles
- Access from South Dixie Highway and Madruga Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,358
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,160
$1.1M
Cap Rate 7%
$805,114
$805.1K
Cap Rate 9%
$626,200
$626.2K
Market Conditions
NOI Build-Up for 3,333 SF
Gross rent
$88.0K $26.40/SF
− Vacancy
−$7.5K −$2.24/SF
EGI
$80.5K $24.16/SF
− OpEx
−$24.2K −$7.25/SF
NOI
$56.4K $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%
$1,127,160
Cap Rate 7%
$805,114
Cap Rate 9%
$626,200
Alternative Uses
Best Use
Retail
$805.1K
$704.5K – $939.3K
NOI $56,358 @ 7.0% cap · market cap 66,303.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,368 @ 7.0% cap · market cap 139,256.47%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Coral Gables, FL
Properties on Market for Retail space in Coral Gables
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Entry is available from both South Dixie Highway and Madruga Avenue.
Where is this retail space located?
The property is located at 1586 S Dixie Hwy Coral Gables, FL.
What are key features of this property?
This property features: 3,333‑square‑foot freestanding retail building on a 10,005‑square‑foot lot; Parking for up to 22 vehicles; Access from South Dixie Highway and Madruga Avenue
