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Property profile & analytics
OFF-MARKET
Estimated value
$5,325,000
Retail residential properties
320 Miracle Mile Coral Gables, FL 33134-5800
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US19-0634811
Property summary
AI-generated overview
This exceptional 1,230-square-foot office suite, situated on the second floor of a prestigious building at 320 Miracle Mile, Suite 201, Coral Gables, Florida 33134, presents a rare opportunity. Built in 2013, this modern space boasts a highly efficient layout featuring concrete floors and stylish glass wall partitions. The suite includes three private offices—two offering stunning views of Miracle Mile through large windows—two dedicated workstation areas, a functional conference room, and a welcoming reception area, providing ample flexibility for various business needs. The building itself totals 11,550 square feet across two stories, situated on a 6,000-square-foot lot in the desirable Coral Gables submarket of Miami-Dade County. Enjoy unparalleled convenience with a vibrant array of dining and entertainment options right at your doorstep, including The Melting Pot, Doc B's, Capital Burger, and Bodegas. This exceptional space becomes available in April 2025.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2013
Construction
CONCRETE
Total area
11,550 SF
Lot
0.14 ac (6,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4117-005-0100
UPID
US19-0634811
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.86M
Blend (final)
Blend
$5.33M
Owner & transaction history
Ramon C Perez · 18 yrs held
Ramon C Perez
since 2007
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+69.8%
Auto repair, garage
$7.3M
+43.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,080,000
Current use
RESTAURANT
$8,625,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,285,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$5,075,000
Change: 0% · Conversion: Easy
RETAIL STORES
$4,940,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.33M
Range $4.79M – $5.86M · ±10%
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
$461 / 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
$95,668
Tax year 2023
Assessed value
$7,516,000
Assessed 2023
Previous assessed
$4,285,000
+75.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$4,516,000
Land market value
$3,000,000
Improvement market value
$4,516,000
Total market value
$7,516,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,550 SF
Lot
0.14 ac (6,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4117-005-0100
UPID
US19-0634811
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
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2013
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ramon C Perez
Individual
Mailing address
400 UNIVERSITY DR #201, CORAL GABLES, FL 33134-7125
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2007
$692,500
Ramon C Perez
Douglas Centre Rb Gem LLC
Special Warranty Deed
$482,500 · Lehman Brothers Bank Fsb
May 29, 2007
$2,550,000
Lre Properties LLC
Trust Mm-320 & Mm-321
Warranty Deed
$1,402,500 · Bankunited Fsb
May 29, 2007
—
Lre Properties LLC
Aizenshtat,melvin J & Marcelle
Warranty Deed
—
Apr 24, 2002
$400,000
Melvin Aizenshtat Trustee
Philipson,francey D
Grant Deed
—
—
—
Lre Properties LLC
—
Deed Of Trust
related
$2,000,000 · Sabadell United Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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