Mixed-Use Building with Office
For Sale
Contact for pricing
299 Alhambra Cir # 401, Coral Gables, FL 33134
Ground-floor retail, garage parking, and on-site management serve the building’s office component.
Property Size62,327 SF
Price / SF$0.15
Days on Market393
Property Features for 299 Alhambra Cir # 401
General Information
Standard status
Active
Size
62,327 SF
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Additional Details
Floor
4
Property Use
Office
Taxes and HOA fees
Annual Taxes
$165,067
Amenities
on site property management
Building Details
Building Size
62,327 SF
Year Built
1959
Buildings
1
Stories
5
Listing Agency:
Terranova Corp
Listed By:
Mindy Mcilroy · License #3554513
(305) 970-6344
Source:
Emporiore
Added: Oct 1, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:24AM
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 Terranova Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 299 Alhambra Circle in Coral Gables, this 62,327-square-foot mixed-use property combines ground-level retail with four floors of office space. The building dates to 1959 and offers flexible office layouts, garage parking behind the building, and on-site property management.
The property sits at the junction of Alhambra Circle and Salzedo Street. Nearby tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company. Miracle Mile, major roads, the airport, and residential communities are also identified as nearby destinations.
The property sits at the junction of Alhambra Circle and Salzedo Street. Nearby tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company. Miracle Mile, major roads, the airport, and residential communities are also identified as nearby destinations.
Key Highlights
- 62,327‑square‑foot property
- Ground‑floor retail with four office floors
- Flexible office layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,075,141
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,502,820
$21.5M
Cap Rate 7%
$15,359,157
$15.4M
Cap Rate 9%
$11,946,011
$11.9M
Market Conditions
NOI Build-Up for 62,327 SF
Gross rent
$1.87M $30.00/SF
− Vacancy
−$149.6K −$2.40/SF
EGI
$1.72M $27.60/SF
− OpEx
−$645.1K −$10.35/SF
NOI
$1.08M $17.25/SF
Area
Miami-Dade County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,502,820
Cap Rate 7%
$15,359,157
Cap Rate 9%
$11,946,011
Alternative Uses
Best Use
Office B
$23.60M
$20.65M – $27.53M
NOI $1,651,977 @ 7.0% cap · market cap 17,481.24%
Second Best
Mixed Use
$15.36M
$13.44M – $17.92M
NOI $1,075,141 @ 7.0% cap · market cap 11,377.15%
Theoretical Best
Office A
$31.62M
$27.67M – $36.89M
NOI $2,213,478 @ 7.0% cap · market cap 23,423.05%
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
Location Intelligence
Trade Area within ½ mile
8,550
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail, garage parking, and on-site management serve the building’s office component.
Where is this mixed-use property located?
The property is located at 299 Alhambra Cir # 401 Coral Gables, FL.
What are key features of this property?
This property features: 62,327‑square‑foot property; Ground‑floor retail with four office floors; Flexible office layouts
