Property profile

3119 Coral Way 200 Miami, FL 33145

FOR SALE
Retail residential properties
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Property ID
US18-2990331
23,604 SF 0.54 ac Built 1954
Last sale Dec 2001·$2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
3119 Coral Way,Unit 200, Miami, FL 33145 For Sale
$5,850,000 23,604 SF
3119 Coral Way,Unit 200, Miami, FL 33145
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Property summary

AI-generated overview

The property is a second-floor office suite located at 3119 Coral Way, unit #200, within a building constructed in 1954. The interior layout includes an entry foyer and five private office suites, with front-facing windows oriented toward the Coral Way canopy. The space also has features that allow reconfiguration into an open loft-style workspace with soaring ceilings, and it includes substantial attic storage. The suite is situated between the Brickell and Coral Gables areas, with nearby…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$88k
Tax billed · 2023
Assessed value$5.38M
Assessed land$2.95M
Assessed improvement$2.43M
Effective rate1.63%

Value estimate

· Nov 2026
$5.85M
$5.27M – $6.44M
NOI build-up
Gross scheduled income$1.01M
Vacancy & credit loss−$101k
Operating expenses−$340k
NOI$567k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$739/SF
Submarket average, outlier-cleaned · 664 recorded sales of this use type
Observed band · Q1–Q3$245 – $1,493
Qualifying comparables18

Cap rate analysis

How does the asset earn?
$567k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6101
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.0
Electrical Service7.7
Convenience Store7.5

Location

3119 Coral Way, Unit 200 Miami, FL 33145
County assessor Recorded deeds · 5 transfers 18 qualifying comp sales Zoning catalog

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2731 Coral, Miami, FL 33145-3201 $2,000,000 Dec 2025 4,760 SF
1425 27th, Miami, FL 33145-1234 $937,500 Jan 2022 2,846 SF
3127 Coral, Miami, FL 33145-3215 $705,000 Dec 2020 6,060 SF
1267 Coral, Miami, FL 33145-2965 $2,500,000 Oct 2019 11,112 SF
3544 Coral, Miami, FL 33145 $1,575,000 May 2019 3,966 SF
2209 37th, Miami, FL 33145-3009 $16,400,000 Dec 2018 9,369 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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