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    Altara Salon Coral Gables, FL 33146
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    Altara Salon, Coral Gables, FL 33146

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Altara Salon

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional turnkey storefront opportunity is located in the vibrant Coral Gables, Florida, at 0 Altara SALON, zip code 33146, in Miami-Dade County. Priced at $100,000, this established retail space offers immediate income potential. Currently operating as a successful hair salon, the business boasts a loyal clientele built over ten years of operation. The salon features a warm and inviting atmosphere with a distinct French flair, attracting a diverse customer base. The business utilizes high-quality L'Oréal Professional products and offers a wide range of services, including vibrant color and highlighting treatments. The multilingual staff (English, French, Spanish, and Bulgarian) ensures a welcoming and inclusive experience for all clients. The property's prime location near Merrick Park provides excellent visibility and accessibility, contributing to its consistent success. This is a rare opportunity to acquire a profitable, established business in a highly desirable area. The sale includes all existing fixtures and equipment, making this a truly turnkey operation. Financial details are available upon request. This is an ideal investment for an entrepreneur seeking a profitable, established business with significant growth potential. The property's strong reputation and loyal customer base provide a solid foundation for continued success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2652
    Latitude
    25.7329

    Comparable in this City

    • Value Estimation
      $1,185,000
      342 SF

      301 Altara Ave, Unit CU-2O

      RETAIL STORES (PERSONAL SERVICES)
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation by Request
      86 SF

      301 Altara Ave, Unit CU-5

      RETAIL STORES (PERSONAL SERVICES)
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation
      $2,505,000
      1,369 SF

      1430 Dixie Hwy Ste, Unit 112

      RETAIL STORES (PERSONAL SERVICES)
      1430 Dixie Hwy Ste, Coral Gables, FL 33146-3118
      View Details
    • Value Estimation
      $1,310,000
      378 SF

      301 Altara Ave, Unit CU-3Q

      RETAIL STORES (PERSONAL SERVICES)
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation
      $2,535,000
      1,385 SF

      1430 Dixie Hwy Ste, Unit 104

      RETAIL STORES (PERSONAL SERVICES)
      1430 Dixie Hwy Ste, Coral Gables, FL 33146-3108
      View Details
    • Value Estimation
      $2,260,000
      1,013 SF

      135 San Lorenzo Ave Ste, Unit 130

      RETAIL STORES (PERSONAL SERVICES)
      135 San Lorenzo Ave Ste, Coral Gables, FL 33146-1525
      View Details

    Similar Nearby for Sale

    • $7,500,000
      0.27 Acres

      Retail Opportunity in Coral Gables

      Retail property for sale in Coral Gables, Florida.
      4700 S Le Jeune Rd, 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
    • Contact for pricing

      Luxury Office/Retail Space Available

      Office/Retail space in Coral Gables near Merrick Park.
      150-135 San Lorenzo Ave, Coral Gables, FL 33146
      View Details
    • Contact for pricing

      Turnkey Salon/Wellness Space, Coral Gables

      Salon or wellness center space in the heart of Coral Gables.
      430 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • Contact for pricing

      Corner Commercial Space in Gables

      Prime corner commercial space near Merrick Park, Coral Gables.
      4220 Laguna St, Coral Gables, FL 33146
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Building on South Dixie

      Free-standing retail building with direct road access and parking.
      1530 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • Contact for pricing
      5,475 SF

      Retail Space in Mixed-Use Project

      Retail space available in a mixed-use project with apartments and hotel.
      1340-1350 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • Contact for pricing
      5,476 SF

      Coral Gables Retail/Office Space

      Retail and built office/medical spaces for lease in Coral Gables.
      1430 S Dixie Hwy, Coral Gables, FL 33146
      View Details
    • Contact for pricing

      Retail Space in Coral Gables

      Landmark retail space at a prominent Coral Gables intersection.
      4110 Ponce De Leon Rd, Coral Gables, FL 33146
      View Details
    • Contact for pricing
      11,134 SF

      Coral Gables Warehouse Space

      Prime Coral Gables warehouse, multiple units available.
      4225 Ponce De Leon Rd, Coral Gables, FL 33146
      View Details
    • Contact for pricing

      Retail Building on South Dixie

      Free-standing retail building with direct road access and on-site parking.
      Coral Gables, FL 33146
      View Details
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    Altara Salon
    Coral Gables, FL 33146
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    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
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    Altara Salon, Coral Gables, FL, 33146
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