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Property summary
This exceptional investment opportunity presents a newly renovated (2024), 23,519-square-foot freestanding retail building in Coral Gables, Florida. Located at 2120 SW 32nd Ave, Miami, FL 33145, this Class A property sits on a 1.95-acre lot (APN: 01-4109-012-0031) in a high-traffic area, adjacent to other national retailers. The property is 100% occupied by a CVS Pharmacy under a 15-year net lease with a corporate guarantee, offering significant long-term stability. The net rentable area is… 23,344 square feet, with a price per square foot of $820.41 and a 4.75% cap rate. The asking price is $19,295,214. This single-story building benefits from a complete gut renovation completed in 2024, ensuring modern amenities and functionality. The property is zoned 6101 and offers a strong investment opportunity due to its prime location, long-term lease, and corporate guarantee. The lease includes eight five-year renewal options with a 5% rental increase in each option. This is a rare chance to acquire a high-quality, net-leased retail property in a thriving Miami-Dade County submarket, within the tax-free state of Florida.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 24,267 SF
- Lot area
- 1.95 ac
- Year built
- 1949
- Stories
- 1
- APN
- 01-4109-012-0031
- Zoning
- 6101
- Assessed value · 2023
- $9,750,848
- Annual tax · 2023
- $200,442
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $200,442
- Selected cap rate
- Commercial (general)
- Auto Repair, Garage
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Coral Gables market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Alternative use
- Local Zoning Insight
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