Office Suite with Reception
For Sale
$595,000
420 S Dixie Hwy, Coral Gables, FL 33146
SINGLE_FAMILY - Coral Gables, FL
Property Size1,210 SF
Price / SF$491.74
Days on Market14
Property Features for 420 S Dixie Hwy
General Information
Property type
Residential
Property subtype
Office
Zoning description
4900
Parking
4
Parking features
Assigned, Guest, Covered
Security features
Security Lighting
Directions
Please use GPS and park in Visitor spaces.
Subdivision
31
Standard status
Active
APN
03-41-20-041-0010
Taxes and HOA fees
Tax Year
2025
Tax Description
FIRST PROFESSIONAL CONDOMINIUM PORT OF 2-A-2 SECOND FLOOR UNDIV 4.03% INT IN COMMON ELEMENTS CLERKS FILES 67R 6184 & 67R 28839 & 67R 100987
Tax Annual Amount
8874
HOA Fee
$222 Monthly
Legal Description
FIRST PROFESSIONAL CONDOMINIUM PORT OF 2-A-2 SECOND FLOOR UNDIV 4.03% INT IN COMMON ELEMENTS CLERKS FILES 67R 6184 & 67R 28839 & 67R 100987
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Floors in Building
4
Flooring type
Tile, Carpet, Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
The Keyes Company
(305) 443-7423
Listed By:
Steven Epstein · License #0348217
(305) 546-5132
Added: Jul 20
Changed: Aug 1
Last Checked: Aug 2 at 8:06AM
MLS# A12054401
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
420 S Dixie Hwy, Coral Gables, FL 33146. This office suite totals 1,210 SF and is laid out for professional services, featuring a reception area, three private offices, one conference room, and five workstations. Additional space includes a break room and extra storage.
The suite includes four assigned parking spaces, with guest and covered parking also available. The building materials include block construction with a concrete roof, and interior finishes include carpet, concrete, and tile flooring. Heating is central electric, with central air conditioning.
The property uses public water and public sewer. The location is in the South Coral Gables business district near U.S. 1, with direct access from all directions. It is positioned near the University of Miami, Downtown Coral Gables, South Miami, Coconut Grove, Downtown Miami, and Miami International Airport.
The suite includes four assigned parking spaces, with guest and covered parking also available. The building materials include block construction with a concrete roof, and interior finishes include carpet, concrete, and tile flooring. Heating is central electric, with central air conditioning.
The property uses public water and public sewer. The location is in the South Coral Gables business district near U.S. 1, with direct access from all directions. It is positioned near the University of Miami, Downtown Coral Gables, South Miami, Coconut Grove, Downtown Miami, and Miami International Airport.
Key Highlights
- 1,210 SF office suite with reception, three private offices, and one conference room
- Five workstations plus break room and extra storage
- Four assigned parking spaces with guest and covered parking
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $45.60 |
| − Vacancy | −$12.4k | −$10.26 |
| EGI | $42.8k | $35.34 |
| − OpEx | −$10.7k | −$8.84 |
| NOI | $32.1k | $26.51 |
1,210 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$458.2K
$400.9K – $534.5K
NOI $32,071 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with reception, three private offices, and four assigned parking spaces.
Where is this office units located?
The property is located at 420 S Dixie Hwy Coral Gables, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,210 SF office suite with reception, three private offices, and one conference room; Five workstations plus break room and extra storage; Four assigned parking spaces with guest and covered parking
