Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    33 Alhambra Coral Gables, FL 33134

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Class-A mixed-use development with retail and restaurant space.

    Type:Retail
    Property size:
    17,429 SF
    Added:
    Feb 26, 2026
    Days on Market:
    38
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 33 Alhambra

    General Information

    Standard status
    Active
    Size
    17,429 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Aaron Butler

    Listing agent Aaron Butler License #FL

    Listing office Avenue Real Estate Partners

    Listing date Feb 26, 2026

    Source Crexi

    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 Avenue Real Estate Partners

    Overview

    Premier Mixed-Use Development in Gables

    Alhambra Parc is a Class-A mixed-use development situated in Downtown Coral Gables, a commercial district in South Florida. The property offers ground-floor retail and restaurant space. This architecturally refined project is positioned at the intersection of Alhambra Circle and Minorca Avenue. The property size is 17429 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.283886
    Latitude
    25.737508

    Nearby Similar for Sale

    • $660,000

      Coral Gables Office Condo

      Prestigious office condo in the heart of Coral Gables.
      420 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • $17,500,000

      Luxury Coral Gables Office Penthouse

      Furnished penthouse office space in the heart of Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $75,000

      Coral Gables Salon Business Opportunity

      Full-service salon in Coral Gables, ready for operation.
      Full Service Beauty Salon On Sunset Dr & 57th Ave, Coral Gables, FL 33143
      View Details
    • $3,850,000

      Renovated Office Building, Coral Gables

      Free-standing, renovated office building in the heart of Coral Gables.
      45 Valencia Ave, Coral Gables, FL 33134
      View Details
    • $1,395,000

      Coral Gables Class-A Office

      Supreme Elegant-designed office space in the heart of Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $11,414,680

      Full-Floor Office in Coral Gables

      Exceptional commercial office space with skyline views in Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $4,200,000

      Boutique Mixed-Use Building, Coral Gables

      Two-story commercial building in the heart of Coral Gables.
      355 Palermo Ave, Coral Gables, FL 33134
      View Details
    • $190,000

      Luxury Salon Business Opportunity

      Turnkey luxury salon in Coral Gables with high-end clientele.
      1913 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $2,000,000
      3,420 SF

      Coral Gables Multifamily Investment

      Four units in prime Coral Gables location.
      29 Oviedo Ave, Coral Gables, FL 33134
      View Details
    • $3,300,000

      Charming Multifamily Building in Coral Gables

      Thirteen-unit apartment building with parking in prime Coral Gables location.
      3409 S Le Jeune Rd, Coral Gables, FL 33134
      View Details
    • $155,000

      Salon Opportunity on Miracle Mile

      Turnkey salon with established revenue and growth potential on Miracle Mile.
      345 MIRACLE MILE, Coral Gables, FL 33134
      View Details
    • $2,650,000

      Coral Gables Boutique Hospitality Property

      Unique 6-unit property with strong income potential in Coral Gables.
      36 Phoenetia Ave, Coral Gables, FL 33134
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Class-A mixed-use development with retail and restaurant space.
    Where is this mixed-use property located?
    The property is located at 33 Alhambra Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: Premier Class‑A mixed‑use development.; Located in the heart of Downtown Coral Gables.; Prime ground‑floor retail and restaurant space available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aaron Butler
    Real Estate License ID: FL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!