Premier Coral Gables Commercial
283 Catalonia Ave Coral Gables, FL 33134
283 Catalonia Ave, Coral Gables, FL, 33134
Contact for pricing
For Sale
Contact for pricing
Commercial investment opportunity in the heart of Coral Gables.
Property Size26,956 SF
Price / SF$556.46
Days on Market125
Property Features for 283 Catalonia Ave
General Information
- Standard status
- Active
- Size
- 26,956 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing Agency
Manny Chamizo #1 Sotheby's Commercial Broker
(786) 486-6655
Listed by
Manny Chamizo · License #0479698
Source
Crexi
Added: Mar 16 Checked: Jul 17 at 10:42 am
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 Manny Chamizo #1 Sotheby's Commercial Broker
Investment Insights
Based on property information with market context.
Located at 283 Catalonia Ave, this commercial property in Coral Gables presents an acquisition opportunity for owner-users and value-add investors. The property is situated in a resilient commercial submarket of South Florida. The property contains a total of 26956 square feet.
Key Highlights
- Premier commercial investment property.
- Located in the heart of Coral Gables.
- Rare acquisition opportunity.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.23M | $45.60 |
| − Vacancy | −$276.6k | −$10.26 |
| EGI | $952.6k | $35.34 |
| − OpEx | −$238.2k | −$8.84 |
| NOI | $714.5k | $26.51 |
26,956 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.21M
$8.93M – $11.91M
NOI $714,469 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.68M
$11.97M – $15.96M
NOI $957,314 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial investment opportunity in the heart of Coral Gables.
Where is this office building located?
The property is located at 283 Catalonia Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Premier commercial investment property.; Located in the heart of Coral Gables.; Rare acquisition opportunity.
