Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    345 Malaga Ave Coral Gables, FL 33134

    • Commercial real estate
    For Lease
    View listing
    $48 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0747267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 345 Malaga Ave

    Property type
    Commercial real estate

    Description

    This exceptional 1,228-square-foot freestanding property at 345 Malaga Ave, Coral Gables, FL 33134, presents a unique investment opportunity. Situated in the prestigious Coral Gables Business District, this single-tenant building boasts Mixed Use zoning (APN: 03-41-17-005-7090), offering considerable flexibility for a variety of professional or retail uses. Ideal for businesses seeking a prominent location with high visibility, the property is well-suited to a range of professional services, including law firms, architectural practices, accounting firms, medical offices, advertising agencies, or insurance companies. Retail ventures are also viable options given the zoning and location. The property's strategic location provides unparalleled access to Central and South America, the Caribbean, and major transportation hubs. It's minutes away from Miami International Airport, Port Miami, Brickell, and Doral, ensuring excellent connectivity for both clients and employees. This is a rare opportunity to acquire a freestanding building in a highly desirable Coral Gables location with the versatility of mixed-use zoning. The property is a single-tenant building with no additional suites. The latitude and longitude coordinates are 25.7441118, -80.2620914 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2620914
    Latitude
    25.7441118

    Comparable in this City

    • $0.01 SF/Yr
      55,966 SF

      Coral Gables Office Space for Lease

      55,966 SF Office, Prime Location
      255 Alhambra Cir, Coral Gables, FL 33134
      View Details
    • $0.11 SF/Yr
      6,224 SF

      Miracle Mile Retail Opportunity

      Prime Retail Bay, High Visibility, 6,224 SF
      361 Coral Way, Miami, FL 33134
      View Details
    • $0.02 SF/Yr
      27,567 SF

      Prime Coral Gables Office Space

      27,567 sq ft Boutique Office
      2100 Salzedo St, Coral Gables, FL 33134
      View Details
    • Contact for pricing
      4,275 SF

      Coral Gables Executive Office Suites

      Prime Coral Gables Office Space Available
      3707 1St St, Coral Gables, FL 33134
      View Details
    • $0.80 SF/Yr
      15,000 SF

      Prime Coral Gables Office Space

      15,000 SF Single-Tenant Office Building
      815 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • Contact for pricing
      3,204 SF

      Coral Gables Retail & Restaurant Space

      Prime Coral Gables location, multiple spaces available.
      800 Douglas Rd, Coral Gables, FL 33134
      View Details

    Similar Nearby for Sale

    • $4,359,178
      2,616 SF

      Coral Gables Retail Investment Opportunity

      NNN leased Maman cafe on Miracle Mile.
      136 Coral Way, Coral Gables, FL 33134
      View Details
    • $2,999,500

      Coral Gables Luxury Office Suite

      Prime Coral Gables Office Space, Newly Renovated
      700 Biltmore Way, Coral Gables, FL 33134
      View Details
    • $7,258,550
      12,317 SF

      Coral Gables Mixed-Use Gem

      Iconic Coral Gables building, owner-user opportunity.
      3306 Ponce De Leon Rd, Coral Gables, FL 33134
      View Details
    • $2,500,000

      Coral Gables Multifamily Investment

      Six-unit building, prime location, high ROI.
      414 Valencia Ave, Coral Gables, FL 33134
      View Details
    • $250,000

      Coral Gables Storefront/Medical Office

      Profitable Turnkey Business in Prime Location
      333 Almeria Ave, Coral Gables, FL 33134
      View Details
    • $1,500,000

      Coral Gables Mixed-Use Investment

      Prime Coral Gables location, high-potential income.
      345 Malaga Ave, Coral Gables, FL 33134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,954 SF

      Coral Gables Retail Space for Lease

      Prime Coral Gables location, 3,128 sq ft available.
      2222 Ponce De Leon Rd, Coral Gables, FL 33134
      View Details
    • $1.99 SF/Yr
      11,625 SF

      Coral Gables Office Space For Lease

      11,625 SF Office, Prime Location
      145 Madeira Ave, Coral Gables, FL 33134
      View Details
    • Contact for pricing
      146,202 SF

      Coral Gables Retail Space Available

      Prime Coral Gables location, multiple suites, ample parking.
      2800 Ponce De Leon Rd, Coral Gables, FL 33134
      View Details
    • $33 SF/Yr
      720 SF

      Coral Gables Office Space for Lease

      720 sq ft Office, Prime Location, 2 Parking Spaces
      814 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $35 SF/Yr
      34,935 SF

      Coral Gables Office Space for Lease

      Premium Coral Gables office, flexible suites.
      2850 Douglas Rd, Coral Gables, FL 33134
      View Details
    • Contact for pricing

      Coral Gables Office Suite for Lease

      Prime Coral Gables Office Space Available
      2655 Le Jeune Rd, Coral Gables, FL 33134
      View Details
    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.
    345 Malaga Ave
    Coral Gables, FL 33134
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.