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

    337 Santander Ave Coral Gables, FL 33134

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2482591
    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

    • Small apartment buildings

    Property Details for 337 Santander Ave

    Year built
    1967
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a charming two-unit duplex nestled in the heart of Coral Gables, Florida, at 337 Santander Ave, 33134. Built in 1967, this single-story building offers a unique chance for investors or developers. Currently vacant, the property is ready for immediate renovation or redevelopment. The duplex comprises two distinct units: a three-bedroom, two-bathroom unit in the rear and a two-bedroom, one-bathroom unit in the front. Both units are in their original condition, presenting a blank canvas for modernization. The property's central location, just blocks from Miracle Mile, offers significant potential. Similar properties in the area have been successfully converted into townhouse-style condominiums, suggesting a viable path for future development. The asking price is $1,490,000. This is a rare chance to acquire a well-situated property in a highly desirable area of Coral Gables, ripe for value enhancement. The property's vacant status allows for immediate action and customization to meet the buyer's vision. Don't miss this chance to capitalize on the vibrant Coral Gables market.

    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
    -80.2617252
    Latitude
    25.7434447

    Comparable in this City

    • $1,390,000

      Coral Gables Duplex Investment

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    • $1,950,000

      Coral Gables Multifamily Investment

      Four-unit apartment building, prime location.
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    • $4,295,000
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      Coral Gables Multifamily Investment

      Prime Ponce De Leon Blvd Duplexes
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    • $2,480,000
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      Coral Gables Multifamily Investment

      Eight-unit apartment building, prime location.
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    • $1,950,000

      East Gables Multifamily Investment

      Six-bedroom, four-bath duplex, pool, parking
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    • $2,800,000

      Coral Gables Multifamily Investment

      Six-unit apartment building, prime location.
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    Similar Nearby for Sale

    • $1,390,000

      Coral Gables Duplex Investment

      Charming 2-unit duplex, great income potential.
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    • $1,950,000

      Coral Gables Multifamily Investment

      Four-unit apartment building, prime location.
      291 Navarre Ave, Coral Gables, FL 33134
      View Details
    • $4,295,000
      15,325 SF

      Coral Gables Multifamily Investment

      Prime Ponce De Leon Blvd Duplexes
      3621 Ponce De Leon Blvd, Coral Gables, FL 33134
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    • $2,480,000
      5,682 SF

      Coral Gables Multifamily Investment

      Eight-unit apartment building, prime location.
      114 Antilla Ave, Coral Gables, FL 33134
      View Details
    • $1,950,000

      East Gables Multifamily Investment

      Six-bedroom, four-bath duplex, pool, parking
      3711 27Th Ter, Miami, FL 33134
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    • $2,400,000

      Coral Gables Triplex Investment

      Prime Coral Gables location, redevelopment potential.
      357 Santander Ave, Coral Gables, FL 33134
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    Similar Nearby for Lease

    • $3,200 /Mo

      Updated Apartment in Coral Gables

      Bright, updated 2-bedroom apartment near Miracle Mile.
      1706 S Le Jeune Rd, Coral Gables, FL 33134
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    • $1,800 /Mo

      Furnished Unit in Coral Gables

      Remodeled 1/1 unit in central Coral Gables location.
      444 Ponce De Leon Blvd, Coral Gables, FL 33134
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    • $1,830 /Mo

      Coral Gables Apartment For Rent

      Well-maintained 1-bedroom apartment in Coral Gables. First and security deposit.
      114 Antilla Ave, Coral Gables, FL 33134
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    • $2,300 /Mo

      Renovated Apartment with Modern Amenities

      Fully renovated apartment featuring in-unit laundry and included water.
      4028 SW 11Th St, Miami, FL 33134
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    • $4,200 /Mo

      Renovated Coral Gables Residence

      Renovated 2-bedroom, 2-bath residence in the heart of Coral Gables.
      636 Malaga Ave, Coral Gables, FL 33134
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    • $2,400 /Mo

      Renovated 2-Bedroom Apartment in Miami

      Newly renovated 2-bedroom apartment near Miracle Mile for rent.
      3770 SW 27Th St, Miami, FL 33134
      View Details
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    337 Santander Ave
    Coral Gables, FL 33134
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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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