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    1 Alhambra Plz Coral Gables, FL 33134-5216

    • Office buildings
    • 473,214 SF
    • 2.51 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 17, 2025
    $76,000,000
    Location Intelligence
    Property ID
    US18-4626279
    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

    • Office buildings

    Property Details for 1 Alhambra Plz

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    2.51 lot acres
    Property size
    473,214 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    03-4108-007-2210
    APU
    341080072210

    Description

    Columbus Center, located at 1 Alhambra Plaza in the vibrant city of Coral Gables, Florida (zip code 33134), presents a prime retail opportunity. This exceptional commercial property, situated in Miami-Dade County, offers a total of 11,104 square feet of leasable space, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 2,574 square feet to a maximum contiguous space of 5,362 square feet, providing flexibility for businesses of various sizes. The building boasts ample parking, with a ratio of 4 spaces per 1,000 square feet. This location in Coral Gables offers high visibility and accessibility, making it an attractive destination for customers. The property's classification as both Commercial and Retail ensures a diverse potential tenant base. The address is easily accessible and situated within a thriving commercial district. This is an exceptional chance to secure a prominent retail presence in a highly desirable area of South Florida. The entire 11,104 square feet is currently available for lease. Contact us today to learn more about this exciting opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2556
    Latitude
    25.7528
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,413,993
    $32,812,500
    $48,687,500
    $81,500,000
    -
    $32,812,500
    $48,687,500
    $81,500,000

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    Coral Gables, FL 33134-5216
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    Realmo Value Estimation

    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.

    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.

    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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