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    4800 Flagler St Miami, FL 33134
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    4800 Flagler St, Miami, FL 33134

    View on Map
    • Community centers
    • 22,124 SF
    • 0.34 lot acres
    For Lease
    $1,730,000
    View Listing →
    Retail and Office Space Available For Lease
    $1,730,000

    Retail and Office Space Available

    Two-story building with retail and office space for rent.

    4800 W Flagler St, Coral Gables, FL 33134
    View Listing
    Property ID
    US18-5885440
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 4800 Flagler St

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    01-4106-014-1120
    APU
    141060141120

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 9, 2008 — 4800 West Flagler LLC Gonzalez,raimundo Quit Claim Deed · related —
    Jan 2, 2003 $1,174,000 Raimundo Gonzalez Ava Property INC Grant Deed —
    Oct 29, 2001 $889,000 Ava Properties INC Sabri Investments Corp Grant Deed $700k · Eagle National Bank Of Miami
    — — Raimundo Gonzalez — Deed Of Trust · related $940k · Continental Nat'l Bank Miami
    — — Tamair Plaza LLC — Deed Of Trust · related $642k · Us Small Business Admn
    — — Raimundo Gonzalez — Deed Of Trust · related $763k · Continental Nat'l Bank Miami

    Description

    Flagler Plaza, located at 4800 W Flagler St, Coral Gables, FL 33134, presents a unique investment opportunity. This single-story, 21,993 square foot building, constructed in 1992, sits on a 0.34-acre lot and offers a diverse range of space options suitable for traditional office, executive suites, coworking, and medical practices. Currently, 6,250 square feet of space is available, with individual units ranging from 750 to 1,500 square feet. The building features a convenient elevator, 21 parking spaces (a 0.96 ratio), and is zoned C-1 Miami. Its prime location on West Flagler Street, at the corner of 48th Avenue, ensures high visibility and exposure to over 75,000 cars daily. The building's design includes retail storefront space on the first floor and office space on the second floor, providing excellent opportunities for businesses seeking high-traffic exposure. The property's versatile nature makes it ideal for a variety of professional uses, including medical, accounting, or other similar businesses. This is a rare opportunity to secure a well-located, established property in a thriving Miami market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2741
    Latitude
    25.7711
    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
    $54,659
    $1,045,520
    $2,892,480
    $3,938,000
    -
    $1,045,520
    $2,892,480
    $3,938,000

    Comparable in this City

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      $1,005,000
      10,942 SF

      4757 8th St

      MINI-MALL
      4757 8th St, Coral Gables, FL 33134-2546
      View Details
    • Value Estimation
      $2,820,000
      31,414 SF

      5220 Flagler St

      MINI-MALL
      5220 Flagler St, Coral Gables, FL 33134-1168
      View Details
    • Value Estimation
      $605,000
      7,688 SF

      4330 8th St

      MINI-MALL
      4330 8th St, Coral Gables, FL 33134-2673
      View Details
    • Value Estimation
      $3,345,000
      37,581 SF

      3809 Flagler St

      MINI-MALL
      3809 Flagler St, Coral Gables, FL 33134-1603
      View Details
    • Value Estimation
      $1,195,000
      11,530 SF

      3808 8th St

      MINI-MALL
      3808 8th St, Coral Gables, FL 33134-3002
      View Details
    • Value Estimation by Request
      7,549 SF

      4731 Flagler St

      Lifestyle centers
      4731 Flagler St, Miami, FL 33134
      View Details

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      Coral Gables Office Space Available

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      Giralda Plaza Retail Opportunity

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      Coral Gables Retail Space For Lease

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      Retail Space on Miracle Mile

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      135-137 Miracle Mile, Coral Gables, FL 33134
      View Details
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    Miami, 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.

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