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

    333 Bird Rd Coral Gables, FL 33146

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2262995
    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

    • Commercial real estate

    Property Details for 333 Bird Rd

    Property type
    Commercial real estate

    Description

    This exceptional Coral Gables investment property, located at 333 Bird Road, presents a unique opportunity to acquire a six-unit multifamily compound. The property consists of four parcels totaling over 21,000 square feet, offering significant potential for future development. Two existing buildings provide substantial rental income, with one boasting 8 bedrooms and 5 bathrooms across 3,684 square feet, situated on an 11,517 square foot lot, and the other featuring 6 bedrooms and 4 bathrooms in 3,150 square feet on a 5,150 square foot lot. Two additional vacant lots, totaling 5,150 square feet, provide the opportunity to construct two new units, further enhancing the property's value and rental income. The current average annual gross rental income is $201,000. The asking price for this prime Coral Gables real estate is $7,999,999. The seller will consider holding a purchase money first mortgage. This is a multi-family property; please do not walk the property without prior arrangement. This property is located in the desirable Miami-Dade County, Florida, with a zip code of 33146.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.261385237132
    Latitude
    25.734880534552

    Comparable in this City

    • Contact for pricing
      4,711 SF

      Coral Gables TDRs For Sale

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    • $3,500,000

      Land Near Merrick Park Mall

      Commercial land for sale near Merrick Park and Coconut Grove.
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      Merrick Park Showroom/Flex/Warehouse Opportunity

      Showroom/flex/warehouse in Merrick Park Industrial District, near Coral Gables.
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      Coral Gables Duplex Investment Opportunity

      Duplex near University of Miami, ideal for income or redevelopment.
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      Coral Gables Office Condo

      Prestigious office condo in the heart of Coral Gables.
      420 S Dixie Hwy, Miami, FL 33146
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      Remodeled Duplex Near UM

      Spacious, remodeled duplex near UM with new amenities.
      5031 Ponce De Leon Blvd, Coral Gables, FL 33146
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    Similar Nearby for Sale

    • Contact for pricing
      4,711 SF

      Coral Gables TDRs For Sale

      Prime Development Rights, Coral Gables
      0000 Salzedo St, Coral Gables, FL 33146
      View Details
    • $3,500,000

      Land Near Merrick Park Mall

      Commercial land for sale near Merrick Park and Coconut Grove.
      3771 Bird Rd, Miami, FL 33146
      View Details
    • Contact for pricing

      Merrick Park Showroom/Flex/Warehouse Opportunity

      Showroom/flex/warehouse in Merrick Park Industrial District, near Coral Gables.
      3075 SW 39Th Ave, Miami, FL 33146
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    • $2,900,000

      Coral Gables Duplex Investment Opportunity

      Duplex near University of Miami, ideal for income or redevelopment.
      4995 Sistina Ave, Coral Gables, FL 33146
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      Coral Gables Office Condo

      Prestigious office condo in the heart of Coral Gables.
      420 S Dixie Hwy, Miami, FL 33146
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    • $1,990,000

      Remodeled Duplex Near UM

      Spacious, remodeled duplex near UM with new amenities.
      5031 Ponce De Leon Blvd, Coral Gables, FL 33146
      View Details

    Similar Nearby for Lease

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      4,327 SF

      Modern Office Space with Terrace

      New boutique office building with private outdoor space available for lease.
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      Coral Gables Office Condo

      Prestigious 1,200 sq ft office condo in Coral Gables.
      420 S Dixie Hwy, Miami, FL 33146
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      Coral Gables Office Space Available

      Professional office space for lease in Coral Gables, steps from Merrick Park.
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    • $32 SF/Yr
      1,702 SF

      Coral Gables Office Space for Lease

      Prime Coral Gables Office, 1702 sq ft
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    • $70 SF/Yr
      286,906 SF

      Luxury Coral Gables Retail Space

      High-end showroom, prime location, 4,488 SF
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    • $0.50 SF/Yr
      1,200 SF

      Coral Gables Office Suite for Sale/Lease

      Prime Coral Gables office, 1200 sq ft.
      420 Dixie Hwy, Coral Gables, FL 33146
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    333 Bird Rd
    Coral Gables, FL 33146
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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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