Multi-Entrance Retail Office
327 Alcazar Ave Coral Gables, FL 33134
For Sale
$896,000
Pending
Exterior has been remodeled and the building offers two front entrances and multiple rear private entrances.
Property Size1,397 SF
Days on Market2879
Property Features for 327 Alcazar Ave
General Information
Standard status
Pending
Size
1,397 SF
Property subtype
General Commercial
Building Details
Year Built
1954
Listing Agency:
Xcellence Realty Inc
(305) 772-2328
Listed By:
Jorge Fernandez
(305) 772-2328
Source:
Xome
Added: Sep 11, 2018
Changed: Jul 26
Last Checked: Jul 26 at 5:35AM
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 Xcellence Realty Inc
Investment Insights
Based on property information with market context.
This property is an exterior-remodeled, multi-entrance building offered for sale with two separate entrances at the front and two private entrances in the rear. The building also includes two electrical meters and three bathrooms, and features total square footage under A/C of 1,397.
The property is positioned on Alcazar Ave in Coral Gables, with three private parking spaces and nearby municipal parking described as half a block away, plus covered parking across the street. Public remarks indicate the location is within walking distance to Miracle Mile.
The layout is well-suited for businesses that benefit from separate access points, with additional rear private entrances for flexible use within the building.
The property is positioned on Alcazar Ave in Coral Gables, with three private parking spaces and nearby municipal parking described as half a block away, plus covered parking across the street. Public remarks indicate the location is within walking distance to Miracle Mile.
The layout is well-suited for businesses that benefit from separate access points, with additional rear private entrances for flexible use within the building.
Key Highlights
- Total SF under A/C: 1,397 with 3 bathrooms
- Two separate front entrances plus two private rear entrances
- Rear also features 2 private entrances; 2 electrical meters
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $45.60 |
| − Vacancy | −$14.3k | −$10.26 |
| EGI | $49.4k | $35.34 |
| − OpEx | −$12.3k | −$8.84 |
| NOI | $37.0k | $26.51 |
1,397 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.0K
$462.8K – $617.1K
NOI $37,027 @ 7.0% cap · market cap 4.13%
Second Best
Specialty Retail
$384.2K
$336.2K – $448.2K
NOI $26,894 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$708.8K
$620.2K – $826.9K
NOI $49,613 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- LIGIA Flower Shop — 3660 SW 10th St Suite 1, Miami, FL 33135
- Flower Dream Miami — 1700 Galiano St, Miami, FL 33134
- Mille Fleurs — 515 NW 116th St, Miami, FL 33168
- Flowers by Belkis
- Enchanted Flowers & Floral — 556 Biltmore Way, Coral Gables, FL 33134
Frequently Asked Questions
What type of property is this?
Storefront property - Exterior has been remodeled and the building offers two front entrances and multiple rear private entrances.
Where is this storefront property located?
The property is located at 327 Alcazar Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $896,000.
What are key features of this property?
This property features: Total SF under A/C: 1,397 with 3 bathrooms; Two separate front entrances plus two private rear entrances; Rear also features 2 private entrances; 2 electrical meters
