What are median sale prices per square foot in Coconut Grove (ZIP 33133)?

ZIP 33133: $917 on 21 sales. A median mixes property types and ages, so compare the building to similar recorded sales.

How many bank REO transfers appear in the sales data for Coconut Grove (ZIP 33133)?

ZIP 33133: 0, with 21 arm’s-length sales. The count shows what was recorded, not what is for sale today.

Who owns commercial property in Coconut Grove (ZIP 33133)?

ZIP 33133: 90.7% held by entities, 23.9% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.

How old are commercial buildings in Coconut Grove (ZIP 33133)?

Median year built: ZIP 33133: 1982. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

What is the average building area per parcel in Coconut Grove (ZIP 33133)?

7.8 million SF ÷ 943 parcels ≈ 8,271 SF. An average can hide a few very large buildings.

Hypothetical: a 8,500 SF building in Coconut Grove priced at the ZIP 33133 median of $917 per SF. What is the price?

8,500 × $917 = $7.79 million. That is arithmetic on a median, not an appraisal or an opinion of value.

Same hypothetical 8,500 SF building, with an assumed 7.5% cap rate. What NOI would $7.79 million need?

$7.79 million × 7.5% = $584,588 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.

With $584,588 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?

$584,588 ÷ 1.25 = $467,670 a year. Lender terms vary, so treat 1.25 as an example.

Bayfront Village Office & Retail · Miami-Dade County

Coconut GroveCommercial Real Estate Broker & Market Guide

Coconut Grove is Miami's oldest neighborhood: a bayfront village of boutique office, restaurants, marinas and upscale residential south of Brickell. Its office market has drawn firms that want a quieter setting close to the urban core.

Marketed by Michael R. Linton, Florida Broker #BK703722 · NCREA · CREIPS · REALTOR® · Serving Coconut Grove commercial real estate.

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By the numbers · data as of November 7, 2026

Coconut Grove commercial real estate by the numbers

The 2026 final tax roll lists 943 commercial and industrial parcels with 7.8 million square feet of buildings in Coconut Grove (ZIP 33133), with 21 arm’s-length sales on the roll. The median sale price is $917 per square foot.

Commercial and industrial parcels

943

2026 final tax roll

Building square feet

7.8M

2026 final tax roll

Arm’s-length sales

on the roll sales file, excluding hotels

Median $/SF

$917

ZIP medians, 5+ sales

ZIP	Parcels	Bldg SF	Sales	Median $/SF	Median year built	Out-of-state owners	Bank REO
33133	943	7.8M	21	$917	1982	23.9%	0

For context, Miami-Dade County as a whole has a median of $373 per square foot on 1,278 sales. Year to date through September 2026, the county median is $378, +3.0% from a year earlier.

Miami-Dade County Market Pulse

Asking-side listing data for every Florida county: inventory, days on market, price cuts and listing prices, from Realtor.com® Economic Research. These are listings, not closed sales.

Miami-DadeCounty · details →
Active listings
17,010
down −7.9% YoY
Median days on market
87 days
Listings with price cuts
12.9%
Median listing $/SF
$458
Listing price, YoY
down −1.3%
Median listing price $589K
Market condition
Balanced
vs. Florida statewide^*
Source: Realtor.com® Economic Research, September 2026.

How these figures are calculated

* Market condition. Market condition compares a county's share of active listings with a price reduction and its median days on market with the Florida statewide figures Realtor.com publishes for the same month. Both above the statewide figure: leaning buyer's market. Both below: leaning seller's market. Anything else, including a tie or one missing metric: balanced. Both metrics missing, or no statewide figure for that month: shown as —. This is a read of asking-side listing data only; it is not months of inventory or a measure of closed sales. Florida statewide, September 2026: 20.1% of listings with a price cut, 81 median days on market. Methodology · Data dictionary

Residential. Realtor.com® Economic Research, monthly. Listing counts, days on market and listing prices come from the monthly history; price-cut share and $/SF are stored for the latest month (September 2026) only. Earlier months show the snapshot for that month, not an average. YoY compares a month with the same month a year earlier; for September 2026 it uses Realtor.com's published YoY figures.

Commercial. Florida Department of Revenue tax roll (NAL/SDF) and Florida Department of State (Sunbiz), via LGData; Linton Global calculations. Commercial (DOR 010-039) and industrial (040-049) parcels. Sales and $/SF = arm's-length single-parcel sales (DOR qualification codes 01-02) on the current roll, excluding hotels/motels (DOR 039, which in resort counties includes condo-hotel and vacation-rental units). Areas with fewer than 5 parcels, and $/SF medians from fewer than 5 sales, are suppressed.

The full Miami-Dade County report

Study mode · 10 flash cards

Coconut Grove Commercial Real Estate

10 cards from the numbers above. Worked examples are hypothetical.

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This market in numbers

How much commercial property is in Coconut Grove (ZIP 33133)?: The 2026 final tax roll lists 943 commercial and industrial parcels with 7.8 million square feet of buildings.
What are median sale prices per square foot in Coconut Grove (ZIP 33133)?: ZIP 33133: $917 on 21 sales. A median mixes property types and ages, so compare the building to similar recorded sales.
How many bank REO transfers appear in the sales data for Coconut Grove (ZIP 33133)?: ZIP 33133: 0, with 21 arm’s-length sales. The count shows what was recorded, not what is for sale today.
Who owns commercial property in Coconut Grove (ZIP 33133)?: ZIP 33133: 90.7% held by entities, 23.9% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.
How old are commercial buildings in Coconut Grove (ZIP 33133)?: Median year built: ZIP 33133: 1982. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

Work the numbers

What is the average building area per parcel in Coconut Grove (ZIP 33133)?: 7.8 million SF ÷ 943 parcels ≈ 8,271 SF. An average can hide a few very large buildings.
Hypothetical: a 8,500 SF building in Coconut Grove priced at the ZIP 33133 median of $917 per SF. What is the price?: 8,500 × $917 = $7.79 million. That is arithmetic on a median, not an appraisal or an opinion of value.
Same hypothetical 8,500 SF building, with an assumed 7.5% cap rate. What NOI would $7.79 million need?: $7.79 million × 7.5% = $584,588 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.
With $584,588 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?: $584,588 ÷ 1.25 = $467,670 a year. Lender terms vary, so treat 1.25 as an example.
About how many industrial parcels are in Coconut Grove (ZIP 33133)?: ZIP 33133: 2.1% of 943 ≈ 20.

Source: Florida Department of Revenue tax roll and Florida Department of State, via LGData; Linton Global calculations. Commercial and industrial parcels; sales are arm’s-length, single-parcel transfers, excluding hotels and motels. Medians from fewer than 5 sales are not shown, and a small sample can swing a ZIP median, so read each one with its sales count. * Fewer than 10 sales.

Live market data · refreshed as each source publishes

Coconut Grove: key facts for September 2026

In September 2026, the median listing price in Miami-Dade County was $589K, down 1.3% from a year earlier, with 17,010 homes for sale (Realtor.com).
FHFA’s house price index for Miami-Dade County rose 2.8% in 2025.
Investors took out 19.8% of home-purchase mortgages in Miami-Dade County in 2025 (HMDA; cash purchases not included).
Miami-Dade County had 1,276,535 jobs (2025 annual average), up 1.5% from the prior year (BLS QCEW).
The unemployment rate was 1.9% in September 2026 (BLS, not seasonally adjusted).
Permits were issued for 8,775 housing units in January–September 2026, down 19.9% from the same months a year earlier (U.S. Census Bureau).

Open the Miami-Dade County market report →Miami-Dade County data & trends Explore on the Market Map

ZIP code snapshot for Coconut Grove

Listing data for September 2026 (Realtor.com) · HUD Fair Market Rent FY2027. *Share of home-purchase mortgages for investment property (2025, HMDA, estimated from census tracts; cash purchases not included). Open any ZIP for its full report.

ZIP	Area	Median list price	vs. last year	Homes for sale	HUD 2BR rent	Investor share*
33133	Miami	$2.05M	+12.5%	299	$3,150/mo	14.8%	Report →

Sources: Realtor.com® Economic Research, FHFA, U.S. Bureau of Labor Statistics, U.S. Census Bureau. County-level figures; informational only, not an appraisal.

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Coconut Grove: Market Overview

The Grove’s commercial center around CocoWalk and Main Highway mixes restaurants, boutique retail and small office buildings. Newer office space has attracted investment and technology firms.

Marinas, waterfront parks and the city’s Dinner Key offices give the Grove a different feel from Brickell, and residential prices are among the highest in the city.

Supply is limited by zoning and the neighborhood’s character, which supports values but makes new development slow.

Economic Drivers

Boutique Office

Investment, tech and professional firms near Brickell

CocoWalk & Village Center

Dining and retail destination

Waterfront

Marinas and bayfront parks

Affluent Residential

High household incomes support retail and services

Asset Class Activity in Coconut Grove

Asset Class	Activity	Market Commentary
Office	Strong	Small, amenitized buildings in demand from boutique firms
Retail	Strong	Dining and boutique retail in the village center
Multifamily	Selective	Limited supply; luxury product

Why Invest in Coconut Grove?

Coconut Grove is a supply-constrained, high-income submarket with boutique deal sizes. Opportunities are scarce, so off-market relationships and estate sales matter.

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in Coconut Grove?

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving Coconut Grove and the broader Miami-Dade County market. He holds NCREA (National Commercial Real Estate Advisor), CREIPS (Certified Real Estate Investment Property Specialist), and REALTOR® credentials, and advises investors, owners, and tenants on multifamily, office, industrial, retail, hospitality, land, mixed-use, medical office, self storage, and special-purpose commercial real estate in Coconut Grove.

How do I contact a commercial real estate broker in Coconut Grove?

Contact Michael R. Linton at Linton Global Solutions — (312) 612-1031 or mike@lintonglobal.com — for a free Coconut Grove commercial real estate consultation. Linton Global Solutions serves Coconut Grove across all major asset classes and represents both buy-side and sell-side principals, plus 1031 exchange replacement-property sourcing.

Is Coconut Grove a good office market?

It is small but in demand from boutique firms that want to be near Brickell without the high-rise setting. Limited supply supports rents.

Who can help with Coconut Grove commercial real estate?

Michael R. Linton, Florida Broker #BK703722, and Linton Global Solutions advise on Coconut Grove acquisitions, dispositions, financing and bank-owned (REO) and distressed commercial property. Our Miami-Dade numbers come from LGData, our database of Florida Department of Revenue tax-roll records.