Coral Gables Office Retail
For Sale
Contact for pricing
299 Alhambra Cir 317, Coral Gables, FL 33134
Office and retail property in prime Coral Gables location.
Property Size62,327 SF
Days on Market232
Property Features for 299 Alhambra Cir 317
General Information
Standard status
Active
Size
62,327 SF
Property subtype
Commercial
Site & Location
Neighborhood
Downtown Coral Gables
Taxes and HOA fees
Annual Taxes
$165,067
Building Details
Building Size
62,327 SF
Year Built
1959
Listing Agency:
Terranova Corp
Listed By:
Mindy Mcilroy · License #3554513
(305) 970-6344
Source:
Elliman
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 28 at 8:52AM
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
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Investment Insights
Based on property information with market context.
Located at the intersection of Salzedo Street and Alhambra Circle in Coral Gables, Florida, 299 Alhambra Circle is a commercial property featuring ground floor retail space and four floors of office space. The location is near major roads, the airport, residential communities, and Miracle Mile. The property offers flexible office layouts, garage parking behind the building, and on-site property management. Neighboring tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.
Key Highlights
- Prime location at the intersection of Salzedo Street and Alhambra Circle in Coral Gables.
- Proximity to major roads, the airport, residential communities, and Miracle Mile.
- Neighboring tenants include prominent companies such as FIFA, The Coral Gables Trust, and Hyatt Hotels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,053,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,078,000
$21.1M
Cap Rate 7%
$15,055,714
$15.1M
Cap Rate 9%
$11,710,000
$11.7M
Market Conditions
NOI Build-Up for 62,327 SF
Gross rent
$1.65M $26.40/SF
− Vacancy
−$139.9K −$2.24/SF
EGI
$1.51M $24.16/SF
− OpEx
−$451.7K −$7.25/SF
NOI
$1.05M $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%
$21,078,000
Cap Rate 7%
$15,055,714
Cap Rate 9%
$11,710,000
Alternative Uses
Best Use
Office B
$23.60M
$20.65M – $27.53M
NOI $1,651,977 @ 7.0% cap · market cap 95,490.00%
Second Best
Retail
$15.06M
$13.17M – $17.57M
NOI $1,053,900 @ 7.0% cap · market cap 60,919.08%
Theoretical Best
Office A
$31.62M
$27.67M – $36.89M
NOI $2,213,478 @ 7.0% cap · market cap 127,946.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office and retail property in prime Coral Gables location.
Where is this office building located?
The property is located at 299 Alhambra Cir 317 Coral Gables, FL.
What are key features of this property?
This property features: Prime location at the intersection of Salzedo Street and Alhambra Circle in Coral Gables.; Proximity to major roads, the airport, residential communities, and Miracle Mile.; Neighboring tenants include prominent companies such as FIFA, The Coral Gables Trust, and Hyatt Hotels.
