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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    235 42nd Ave Coral Gables, FL 33134-1771

    • Office buildings
    • 7,611 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3120718
    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 235 42nd Ave

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    7,611 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Office buildings
    APN
    01-4105-023-0320
    APU
    141050230320

    Description

    This exceptional single-tenant office space, located at 235 SW 42nd Ave, offers 7,611 square feet of prime commercial real estate in a highly desirable South Miami location. Situated conveniently between West Flagler and Southwest 8th Street on Le Jeune Road, this property provides unparalleled access to the Dolphin Expressway, Coral Gables, and Downtown Miami, making it ideal for businesses seeking a central and easily accessible location. The building itself is zoned 6100 and features a total of four assigned parking spaces, with the possibility of securing additional parking if needed. The interior of the 7,611 square foot space includes four executive offices, a spacious reception area perfect for welcoming clients, a dedicated conference room for meetings and presentations, a convenient bathroom, and a comfortable lunchroom for staff. The property is offered fully furnished, providing a seamless transition for any business. A one-year lease is available, with the option to extend, offering flexibility and security for long-term occupancy. The APN for this property is 01-41-05-023-0320. This is a rare opportunity to secure a well-appointed, conveniently located office space in a thriving area. Don't miss out on this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,283,000
      Market price range: $1.28M - $4.44M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,090,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2633
    Latitude
    25.7692
    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
    $24,668
    $546,000
    $654,000
    $1,200,000
    -
    $546,000
    $654,000
    $1,200,000

    Comparable in this City

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      $1,030,000
      4,901 SF

      304 Palermo Ave

      OFFICE BUILDING (MULTI-STORY) • 4,901 SF
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      View Details
    • Value Estimation
      $2,885,000
      13,144 SF

      1001 Ponce De Leon Blvd

      OFFICE BUILDING (MULTI-STORY) • 13,144 SF
      1001 Ponce De Leon Blvd, Coral Gables, FL 33134-3319
      View Details
    • Value Estimation
      $1,080,000
      2,973 SF

      2020 Ponce De Leon Blvd Ste 102a

      OFFICE BUILDING (MULTI-STORY) • 2,973 SF
      2020 Ponce De Leon Blvd Ste 102a, Coral Gables, FL 33134-4475
      View Details
    • Value Estimation
      $3,120,000
      11,694 SF

      1750 Ponce De Leon Blvd

      PROFESSIONAL BUILDING • 11,694 SF
      1750 Ponce De Leon Blvd, Coral Gables, FL 33134-4417
      View Details
    • Value Estimation
      $995,000
      4,800 SF

      154 Giralda Ave

      OFFICE BUILDING (MULTI-STORY) • 4,800 SF
      154 Giralda Ave, Coral Gables, FL 33134-5209
      View Details
    • Value Estimation
      $21,865,000
      124,168 SF

      2855 Le Jeune Rd

      OFFICE BUILDING (MULTI-STORY) • 124,168 SF
      2855 Le Jeune Rd, Coral Gables, FL 33134-6612
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,957 SF

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      Award-winning, renovated office building with private parking in prime location.
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      Prime Coral Gables Office Building

      Exceptional office/medical building in Coral Gables with high visibility.
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      Prime Coral Gables Location

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      Landmark Coral Gables Office Building

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      Coral Gables Free-Standing Office Building

      Well-maintained two-story office building in the heart of Coral Gables.
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    Similar Nearby for Lease

    • $26 SF/Yr

      Six-Story Office Building For Rent

      Six-story office building in the Gables business district.
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      View Details
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      8,375 SF

      Class A Office Space Available

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      View Details
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      221,335 SF

      Class-A Office Building in Coral Gables

      Prime Coral Gables location with modern design and amenities.
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      21,806 SF

      Modern Office Building in Coral Gables

      Class A office space with modern design and rooftop terrace.
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    • Contact for pricing
      3,273 SF

      Boutique Office Building in Coral Gables

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      View Details
    • $55 SF/Yr
      7,957 SF

      Freestanding Office Building in Gables

      Award-winning, renovated office building with private parking in Coral Gables.
      129 Sevilla Ave, Coral Gables, FL 33134
      View Details
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    235 42nd Ave
    Coral Gables, FL 33134-1771
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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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