Coral Gables Retail
For Sale
Contact for pricing
5500 SW 8th St Pharmacy, Coral Gables, FL 33134
Highly visible retail space in a prestigious business district.
Property Size5,583 SF
Lot Size0.33 Acres
Price / SF$0.01
Days on Market240
Property Features for 5500 SW 8th St Pharmacy
General Information
Standard status
Active
Size
5,583 SF
Lot size
0.33 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$29,770
Building Details
Building Size
5,583 SF
Year Built
1965
Stories
1
Listing Agency:
Cohen & Roth, LLC
Listed By:
Reinaldo Delgado · License #3243327
(305) 401-3900
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:43AM
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 Cohen & Roth, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,000-sq-ft retail space is located on a corner lot in Coral Gables. The property, currently built out as a pharmacy, is situated in one of South Florida’s most prestigious business districts, known for its carefully curated urban environment that prioritizes quality design and preserves the city’s timeless character. The property is zoned for a variety of retail uses, including banks, beauty parlors, bakeries, bookstores, apparel stores, grocery stores, tailor shops, health clubs, gift shops, pet-care/boarding facilities, and vehicle retail showrooms. The property features a new roof and a visible storefront. The location benefits from a daily traffic count of 40,000. This property is suitable for businesses seeking both versatility and prestige.
Key Highlights
- High‑visibility corner lot location in prestigious Coral Gables business district.
- Versatile zoning allows for a wide range of retail uses.
- High daily traffic count (40,000) ensures excellent exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,728
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,560
$1.0M
Cap Rate 7%
$724,686
$724.7K
Cap Rate 9%
$563,644
$563.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$79.2K $26.40/SF
− Vacancy
−$6.7K −$2.24/SF
EGI
$72.5K $24.16/SF
− OpEx
−$21.7K −$7.25/SF
NOI
$50.7K $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%
$1,014,560
Cap Rate 7%
$724,686
Cap Rate 9%
$563,644
Alternative Uses
Best Use
Retail
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 133,494.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,542 @ 7.0% cap · market cap 280,373.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail space in a prestigious business district.
Where is this retail space located?
The property is located at 5500 SW 8th St Pharmacy Coral Gables, FL.
What are key features of this property?
This property features: High‑visibility corner lot location in prestigious Coral Gables business district.; Versatile zoning allows for a wide range of retail uses.; High daily traffic count (40,000) ensures excellent exposure.
