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    Property profile & analytics

    4700 S Le Jeune Rd Coral Gables, FL 33146

    • Outlet malls
    • 5,640 SF
    • 0.27 lot acres
    For Sale
    View listing
    $7,500,000
    Last Sale
    Sep 01, 2022
    $4,775,000
    Value Estimations
    Cap Rate Potential
    4.4%
    Outlet malls
    Location Intelligence
    Property ID
    US18-6219497
    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

    • Outlet malls

    Property Details for 4700 S Le Jeune Rd

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.27 lot acres
    Property size
    5,640 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Outlet malls
    APN
    03-4120-022-3370
    APU
    341200223370

    Description

    This exceptional retail property, located at 4700 S Le Jeune Rd in Coral Gables, Florida, presents a compelling investment opportunity. The building, constructed in 1961, boasts a prominent location within the vibrant Miami-Dade County market, offering significant potential for growth and return. The asking price for this established retail space is $7,500,000. Situated in the desirable 33146 zip code of Coral Gables, the property benefits from high visibility and accessibility, making it an ideal location for a variety of retail businesses. Its strategic placement ensures exposure to a substantial customer base. The property's substantial size and established presence in the community provide a solid foundation for future development or continued operation as a thriving retail center. Detailed financial information and property specifics are available upon request. This is a rare chance to acquire a well-positioned retail asset in a thriving South Florida market. The property's history and location offer a unique blend of established presence and future potential. Serious inquiries are encouraged to explore this significant investment opportunity further. Further due diligence is recommended to fully assess the property's potential. The property is zoned for retail use and offers ample space for a variety of retail concepts. This is a turnkey opportunity for an investor seeking a strong foothold in the Coral Gables market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,150,000
      ML approach
      $3,840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,065,000
      6.5%
      $2,830,000
      7%
      $2,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.262
    Latitude
    25.7285
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,670
    $3,217,500
    $1,059,500
    $4,277,000
    -
    $3,217,500
    $1,059,500
    $4,277,000

    Comparable in this City

    • Value Estimation
      $18,380,000
      11,000 SF

      4218 Ponce De Leon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,000 SF
      4218 Ponce De Leon Blvd, Coral Gables, FL 33146-1827
      View Details
    • Value Estimation
      $1,885,000
      1,925 SF

      5827 Ponce De Leon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,925 SF
      5827 Ponce De Leon Blvd, Miami, FL 33146
      View Details
    • Value Estimation
      $36,180,000
      25,463 SF

      4119 Ponce De Leon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 25,463 SF
      4119 Ponce De Leon Blvd, Coral Gables, FL 33146-1419
      View Details
    • Value Estimation
      $6,425,000
      3,498 SF

      350 Bird Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,498 SF
      350 Bird Rd, Coral Gables, FL 33146-1405
      View Details
    • Value Estimation
      $6,560,000
      3,510 SF

      5855 Ponce De Leon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,510 SF
      5855 Ponce De Leon Blvd, Miami, FL 33146
      View Details
    • Value Estimation
      $2,975,000
      5,040 SF

      3801 Bird Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 5,040 SF
      3801 Bird Rd, Miami, FL 33146-1510
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Coral Gables Retail Investment Opportunity

      Prime Retail Space, Coral Gables, FL
      4700 Le Jeune Rd, Coral Gables, FL 33146
      View Details
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      Turnkey Salon/Wellness Space, Coral Gables

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      Retail Opportunity, Coral Gables, FL

      Retail property available for sale in Coral Gables, Florida.
      4700 S Le Jeune Rd, Coral Gables, FL 33146
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,166 SF

      Regional Shopping Center Space Available

      Regional shopping center on Bird Road near Palmetto Expressway.
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      View Details
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      Luxury Coral Gables Retail Space

      High-end showroom, prime location, 4,488 SF
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      View Details
    • Contact for pricing
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      Coral Gables Warehouse Space

      Prime Coral Gables warehouse, multiple units available.
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    • New
      $6,500 /Mo

      Corner Commercial Space in Coral Gables

      Prime corner commercial space for lease in the heart of Coral Gables.
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      View Details
    • Contact for pricing

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      View Details
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      Coral Gables Office Space for Lease

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      View Details
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    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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