Medical Office Suite with Treatment
For Sale
Contact for pricing
299 Alhambra Circle Unit 402, Coral Gables, FL 33134
Corner unit includes a reception area, private office, and three treatment rooms near an elevator landing.
Property Size62,327 SF
Price / SF$0.05
Days on Market66
Property Features for 299 Alhambra Circle Unit 402
General Information
Standard status
Active
Size
62,327 SF
Elevators
Yes
Property subtype
Office
Building Details
Year Built
1959
Listing Agency:
Terranova Corp
(305) 695-8700
Listed By:
Stephen H. Bittel · License #0352785
(305) 970-6344
Source:
Lehmannflorida
Added: Aug 12
Changed: Oct 15
Last Checked: Oct 15 at 12:20AM
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.
This medical office space is configured with a reception area, one private office, and three treatment rooms. The corner unit is positioned directly off the elevator landing and provides views toward Salzedo Street, creating a practical layout for office, treatment, and wellness-related operations.
The property is located in Downtown Coral Gables at 299 Alhambra Circle, Unit 402. An adjacent parking garage offers both monthly and hourly parking options. The building was constructed in 1959, and the space is identified for medical or wellness use.
The property is located in Downtown Coral Gables at 299 Alhambra Circle, Unit 402. An adjacent parking garage offers both monthly and hourly parking options. The building was constructed in 1959, and the space is identified for medical or wellness use.
Key Highlights
- Three treatment rooms plus one private office
- Reception area included in the existing layout
- Corner unit directly off the elevator landing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$821,221
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,424,420
$16.4M
Cap Rate 7%
$11,731,729
$11.7M
Cap Rate 9%
$9,124,678
$9.1M
Market Conditions
NOI Build-Up for 62,327 SF
Gross rent
$1.50M $24.00/SF
− Vacancy
−$127.1K −$2.04/SF
EGI
$1.37M $21.96/SF
− OpEx
−$547.5K −$8.78/SF
NOI
$821.2K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,424,420
Cap Rate 7%
$11,731,729
Cap Rate 9%
$9,124,678
Alternative Uses
Best Use
Office B
$23.60M
$20.65M – $27.53M
NOI $1,651,977 @ 7.0% cap · market cap 49,683.52%
Second Best
Healthcare Medical
$11.73M
$10.27M – $13.69M
NOI $821,221 @ 7.0% cap · market cap 24,698.38%
Theoretical Best
Office A
$31.62M
$27.67M – $36.89M
NOI $2,213,478 @ 7.0% cap · market cap 66,570.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,550
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner unit includes a reception area, private office, and three treatment rooms near an elevator landing.
Where is this medical office space located?
The property is located at 299 Alhambra Circle Unit 402 Coral Gables, FL.
What are key features of this property?
This property features: Three treatment rooms plus one private office; Reception area included in the existing layout; Corner unit directly off the elevator landing
