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Property profile & analytics
FOR SALE
Office buildings
299 Alhambra Cir 275M Coral Gables, FL 33134
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8475229
For Sale
$12,500,000
299 Alhambra Cir,Unit 275M, Coral Gables, FL 33134
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1958
Construction
CONCRETE
Total area
62,327 SF
Lot
0.34 ac (14,700 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4108-006-2200
UPID
US18-8475229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.51M
Blend (final)
Blend
$12.50M
Owner & transaction history
299 Alhambra LLC · 1 yrs held
299 Alhambra LLC
since 2024
Last sale
$12.5M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coral Gables submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Gables submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,500,000
ML approach
$12,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,530,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,715,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$12.50M
Range $11.25M – $13.75M · ±10% · vs last sale $12.50M (Aug 22 2024)
Last sale anchor
$12.50M
Aug 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$159,560
Tax year 2023
Assessed value
$9,900,000
Assessed 2023
Previous assessed
$9,900,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$4,410,000
Assessed improvement
$5,490,000
Land market value
$4,410,000
Improvement market value
$5,490,000
Total market value
$9,900,000
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
5
Total area
62,327 SF
Lot
0.34 ac (14,700 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4108-006-2200
UPID
US18-8475229
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Gables. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$18.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.7M
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
299 Alhambra LLC
Entity
Mailing address
9655 S DIXIE HWY STE #312, PINECREST, FL 33156-2858
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
$600,100
299 Alhambra LLC
Cg Office Spe LLC
Trustees Deed
related
$7,140,000 · Altamar Funding 3 Lender LLC
Dec 6, 2022
—
Cg Office Spe LLC
—
Deed
related
$750,000 · Korth Direct Mortgage INC
Dec 2, 2019
—
Cg Office Spe LLC
—
Deed
related
$12,000,000 · Bgi Fin'l
Jul 5, 2018
$12,500,000
Cg Office Spe LLC
Coral Gables Finl Ctr INC
Warranty Deed
$3,200,000 · Carmen Rebozo Foundation INC
Mar 2, 2010
—
Coral Gables Finl Center INC
—
Deed Of Trust
related
$4,500,000 · Carmen Rebozo Foundation
Jan 25, 2000
$3,680,000
Coral Gables Financial Center
Rebozo Trust
Grant Deed
related
$3,200,000 · Seller
Feb 25, 1997
$2,900,000
Rebozo Trust
Cgfc Associates Ltd
Grant Deed
$900,000 · Rebozo Trust
—
—
Coral Gables Finl Center INC
—
Loan Modification
related
$5,300,000 · Carmen Rebozo Foundation
—
—
Cg Office Spe LLC
—
Loan Modification
related
$12,000,000 · Bgi Fin'l
—
—
Coral Gables Finl Center INC
—
Deed Of Trust
related
$4,500,000 · Carmen Rebozo Foundation
—
—
Coral Gables Finl Center INC
—
Deed Of Trust
related
$250,000 · Carmen Rebozo Foundation INC
—
—
Coral Gables Finl Center INC
—
Loan Modification
related
$5,500,000 · Carmen Rebozo Foundation
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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