Street-Level Office
For Sale
$650,000
Pending
357 Almeria Ave # 103, Coral Gables, FL 33134
First-floor office condominium with a reception area, multiple private offices, and building amenities for professional use.
Property Size1,150 SF
Days on Market87
Property Features for 357 Almeria Ave # 103
General Information
Standard status
Pending
Size
1,150 SF
Total Parking Spaces
2
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$9,519
Amenities
concierge
pool
gym
security fire alarm
gated garage
Building Details
Building Size
1,150 SF
Year Built
2003
Listing Agency:
Avanti Way Premiere
Listed By:
Olga Giraldo · License #3539933
(786) 553-0289
Source:
Vanessafrankmiami
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 26 at 9:57PM
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 Avanti Way Premiere
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Investment Insights
Based on property information with market context.
This 1,150-square-foot office condominium occupies the first floor and includes a reception area, waiting room, conference room, two executive offices, a large work area, two additional offices, one bathroom, a kitchen, and storage. High-impact windows add to the physical improvements, while the 2003 building provides a street-level professional setting.
Building features include a front-desk concierge, pool, gym, security, fire alarm, and gated garage access. The unit includes 2 assigned parking spaces. The property is located at 357 Almeria Ave #103 in Coral Gables, Florida, and carries zoning designation 6600.
Building features include a front-desk concierge, pool, gym, security, fire alarm, and gated garage access. The unit includes 2 assigned parking spaces. The property is located at 357 Almeria Ave #103 in Coral Gables, Florida, and carries zoning designation 6600.
Key Highlights
- 1,150‑square‑foot first‑floor office condominium
- Reception area, waiting room, and conference room
- Two executive offices plus two additional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,481
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,620
$609.6K
Cap Rate 7%
$435,443
$435.4K
Cap Rate 9%
$338,678
$338.7K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$52.4K $45.60/SF
− Vacancy
−$11.8K −$10.26/SF
EGI
$40.6K $35.34/SF
− OpEx
−$10.2K −$8.84/SF
NOI
$30.5K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,620
Cap Rate 7%
$435,443
Cap Rate 9%
$338,678
Alternative Uses
Best Use
Office B
$435.4K
$381.0K – $508.0K
NOI $30,481 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,915
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?
Office unit - First-floor office condominium with a reception area, multiple private offices, and building amenities for professional use.
Where is this office unit located?
The property is located at 357 Almeria Ave # 103 Coral Gables, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,150‑square‑foot first‑floor office condominium; Reception area, waiting room, and conference room; Two executive offices plus two additional offices
