Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

3301 Coral Way

Miami, FL 33145  ·  Regional Shopping Center  ·  Folio 0141090690020
Building
596,619
square feet
Lot
150,849
3.46 acres
Year built
1989
37 years old
Assessed value
$52,400,000
$88/SF assessed

Ownership and recorded sale history

Owner of recordCORAL GATE MARKETPLACE LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2024 — $62,000,000
At that sale$104/SF
Years since2 years
Miami-Dade County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in The Roads / SW 22nd

Recorded transactions for retail properties in The Roads along SW 22nd Street, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2026
Median price/SF
$500
$289 – $963
Median size
2,428
square feet
Median vintage
1975
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $88/SF. Recorded sales of retail properties in The Roads / SW 22nd since 2021 have a median of $500/SF, across a range of $289/SF to $963/SF.

Across those 8 recorded sales, the median sale price came in at 1.23× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 596,619 SF this building is materially larger than the 2,428 SF median for retail properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 100th percentile of retail properties that have traded in this corridor — 0 of the 11 recorded sales were of larger buildings.

The assessment works out 82% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1201 SW 22 St
Restaurant/Cafeteria
2,75119402026$2,650,000$963
3000 Coral Way Cu-7
Stores, 1 story
1,74620032025$1,365,000$782
2222 SW 32 Ave
Auto Sales/Repair/Rental
1,79419522024$1,075,000$599
2120 SW 32 Ave
Stores, 1 story
21,64819492022$11,200,000$517
3000 Coral Way Cu-8 + 1 more parcel
Stores, 1 story · combined 4,586 SF portfolio sale
4,58620032022$1,982,000$432
2240 SW 22 St
Stores, 1 story
1,66219562022$803,000$483
2690 SW 22 St
Stores, 1 story
83,71019952021$24,174,000$289
3000 Coral Way Cu-4
Stores, 1 story
2,10620032021$960,000$456
Recorded sale prices from Miami-Dade County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Miami-Dade County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 0141090690020." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.