Office Building with Ground-Floor
For Sale
Contact for pricing
299 Alhambra Cir Unit 519/521, Coral Gables, FL 33134
Four office floors above ground-floor retail with flexible layouts and garage parking behind the building.
Property Size62,327 SF
Price / SF$0.18
Days on Market392
Property Features for 299 Alhambra Cir Unit 519/521
General Information
Standard status
Active
Size
62,327 SF
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Taxes and HOA fees
Annual Taxes
$165,067
Amenities
garage parking
on site property management
Building Details
Building Size
62,327 SF
Year Built
1959
Buildings
1
Stories
5
Tenancy
Multi
Listing Agency:
Terranova Corp
Listed By:
Mindy Mcilroy · License #3554513
(305) 970-6344
Source:
Casacollectiongroup
Added: Oct 1, 2025
Changed: Oct 25
Last Checked: Oct 27 at 12:21AM
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.
299 Alhambra Circle is an office building arranged with ground-floor retail and four office floors. The space is designed for flexible office layouts, with garage parking behind the building plus on-site property management.
The property is located at the intersection of Salzedo Street and Alhambra Circle in Coral Gables, Florida. Nearby business tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.
With a 1958 build year, the building supports a mixed-use profile that can work well for office users seeking convenient access to major roads and surrounding employment and residential areas.
The property is located at the intersection of Salzedo Street and Alhambra Circle in Coral Gables, Florida. Nearby business tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.
With a 1958 build year, the building supports a mixed-use profile that can work well for office users seeking convenient access to major roads and surrounding employment and residential areas.
Key Highlights
- Ground‑floor retail with four office floors
- Flexible office layouts
- Garage parking behind the building plus on‑site parking
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 14,741.90%
Second Best
Retail
$15.06M
$13.17M – $17.57M
NOI $1,053,900 @ 7.0% cap · market cap 9,404.78%
Theoretical Best
Office A
$31.62M
$27.67M – $36.89M
NOI $2,213,478 @ 7.0% cap · market cap 19,752.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four office floors above ground-floor retail with flexible layouts and garage parking behind the building.
Where is this office building located?
The property is located at 299 Alhambra Cir Unit 519/521 Coral Gables, FL.
What are key features of this property?
This property features: Ground‑floor retail with four office floors; Flexible office layouts; Garage parking behind the building plus on‑site parking
