Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Coral Gables Mixed-Use Building Title is generated by Realmo AI

    355 Palermo Ave, Coral Gables, FL 33134

    View on Map
    Claim this Listing
    For Sale
    $4,200,000

    Mixed Use - Coral Gables, FL

    Type:Mixed Use
    Property size:
    5,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $840/SF
    Added:
    Feb 20, 2026
    Days on Market:
    82
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 355 Palermo Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    5005
    Standard status
    Active
    APN
    03-41-17-005-4990
    Size
    5,000 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    34920

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Architectural style
    Other

    We can help!

    Listing Contact
    Nelson Sayegh

    Listing agent Nelson Sayegh License #3216745

    Listing office United Realty Group Inc 12399 SW 53 ST Ste 101, Plantation, FL

    Listing date Feb 20, 2026

    MLS# A11960553 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Coral Gables location in a sought‑after commercial corridor.
    • 5,000 SF of flexible space suitable for various professional uses.
    • MU‑3 zoning allows for diverse business operations.
    • Distinctive architectural façade provides a prestigious image.
    • Adjacent to a city public parking lot for convenient client and staff parking.
    • Immediate occupancy available.

    Overview

    Located at 355 Palermo Avenue in Coral Gables, Florida, this two-story commercial building offers 5,000 square feet of flexible space. The property is zoned MU-3 and features a distinctive architectural façade. It is suited for law firms, financial professionals, and other established owner-users. Situated adjacent to a city public parking lot, the location provides added convenience for clients and staff. The lot size is 0.0574 acres. Immediate occupancy is available. This property is located in one of South Florida’s commercial corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -80.261176
    Latitude
    25.745654

    Nearby Similar for Sale

    • $17,500,000
      12,576 SF

      Luxury Coral Gables Office Space

      Fully furnished penthouse office in the heart of Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $130,000

      Profitable Retail Business Opportunity

      Turnkey retail business in a prime Miami location.
      4330 SW 8th St, Coral Gables, FL 33134
      View Details
    • $660,000
      1,210 SF

      Coral Gables Office Condo

      Prestigious office condo in the heart of Coral Gables.
      420 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • $7,900,000
      9,700 SF

      Coral Gables Professional Office Building

      Renovated office building near Merrick Park with parking.
      4070 Laguna St, Coral Gables, FL 33146
      View Details
    • $1,300,000
      1,044 SF

      Merrick Manor Retail Opportunity

      Ground-floor commercial unit in vibrant Coral Gables location.
      301 Altara Ave, Coral Gables, FL 33146
      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
    • $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
    • $1,950,000
      3,600 SF

      Coral Gables Fourplex Investment Opportunity

      Four-unit property in Coral Gables near Miracle Mile.
      215 Sidonia 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
    • $3,850,000

      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
    • $100,000

      Coral Gables Restaurant Business Opportunity

      Fully equipped restaurant business for lease in Coral Gables.
      Miracle Mile- RESTAURANT FOR SALE, Coral Gables, FL 33134
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Boutique commercial building in the heart of Coral Gables.
    Where is this mixed-use property located?
    The property is located at 355 Palermo Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Prime Coral Gables location in a sought‑after commercial corridor.; **5,000 SF of flexible space** suitable for various professional uses.; MU‑3 zoning allows for diverse business operations.
    (305) 345-5803
    We can help!
    Listing Contact
    Nelson Sayegh
    Real Estate License ID: 3216745
    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

    Thank You for Inquiry
    355 Palermo Ave, Coral Gables, FL 33134
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!