Mixed-Use Building with Ground-Floor
For Sale
Contact for pricing
299 Alhambra Cir # 406, Coral Gables, FL 33134
Retail space anchors the building, with four office levels, garage parking, and on-site property management.
Property Size62,327 SF
Price / SF$0.13
Days on Market392
Property Features for 299 Alhambra Cir # 406
General Information
Standard status
Active
Size
62,327 SF
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Additional Details
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
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 4:09AM
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 62,327-square-foot mixed-use property, built in 1959, combines ground-floor retail with four office floors. Office layouts are flexible, and garage parking is located behind the building. On-site property management is also provided.
The property sits at the intersection of Salzedo Street and Alhambra Circle in Coral Gables. Miracle Mile, the airport, residential communities, and major roads are among the surrounding destinations and access points. Neighboring tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.
The property sits at the intersection of Salzedo Street and Alhambra Circle in Coral Gables. Miracle Mile, the airport, residential communities, and major roads are among the surrounding destinations and access points. Neighboring tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.
Key Highlights
- 62,327‑square‑foot mixed‑use property built in 1959
- Ground‑floor retail with four office floors
- Flexible office layouts
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 20,871.47%
Second Best
Mixed Use
$15.36M
$13.44M – $17.92M
NOI $1,075,141 @ 7.0% cap · market cap 13,583.59%
Theoretical Best
Office A
$31.62M
$27.67M – $36.89M
NOI $2,213,478 @ 7.0% cap · market cap 27,965.61%
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
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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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space anchors the building, with four office levels, garage parking, and on-site property management.
Where is this mixed-use property located?
The property is located at 299 Alhambra Cir # 406 Coral Gables, FL.
What are key features of this property?
This property features: 62,327‑square‑foot mixed‑use property built in 1959; Ground‑floor retail with four office floors; Flexible office layouts
