Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3621 Ponce De Leon Blvd Coral Gables, FL 33134

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Ponce De Leon Blvd Duplexes

    Property size:
    15,325 SF

    Property Features for 3621 Ponce De Leon Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,325 SF

    Building Details

    Year Built
    1953
    Stories
    1

    We can help!

    Listing Contact
    Lilibeth Regueiro

    Listing Agent: Lilibeth Regueiro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents two adjacent duplexes totaling 15,325 square feet situated on a 15,230 square foot lot at 3621 and 3627 Ponce De Leon Boulevard in the heart of Coral Gables, Florida. Built in 1953, this one-story property offers a compelling blend of existing income and significant redevelopment potential. The property at 3621 Ponce De Leon Blvd comprises two spacious 2-bedroom, 2-bathroom units, each featuring ample living space. The adjacent property at 3627 Ponce De Leon Blvd includes two 2-bedroom, 1-bathroom units and benefits from a larger double lot, presenting unique expansion possibilities. Currently generating a monthly income of $11,800, this portfolio offers a strong return on investment. The prestigious location on Ponce De Leon Boulevard in Coral Gables, Miami-Dade County (zip code 33134), provides unparalleled access to the area's vibrant amenities and high-demand rental market. This property is ideally suited for investors seeking a stable income stream or developers envisioning a significant expansion or redevelopment project. The combined lot size and existing structures present a rare opportunity in this highly desirable Coral Gables location. This is a truly unique investment opportunity not to be missed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2583844
    Latitude
    25.7381252

    Nearby Similar for Sale

    • $2,650,000

      Coral Gables Boutique Hospitality Property

      Unique 6-unit property with strong income potential in Coral Gables.
      36 Phoenetia Ave, Coral Gables, FL 33134
      View Details
    • $1,395,000

      Coral Gables Class-A Office

      Supreme Elegant-designed office space in the heart of Coral Gables.
      2020 Ponce De Leon Blvd, Coral Gables, FL 33134
      View Details
    • $2,000,000
      3,420 SF

      Coral Gables Multifamily Investment

      Four units in prime Coral Gables location.
      29 Oviedo Ave, Coral Gables, FL 33134
      View Details
    • $155,000

      Salon Opportunity on Miracle Mile

      Turnkey salon with established revenue and growth potential on Miracle Mile.
      345 Miracle Mile, Coral Gables, FL 33134
      View Details
    • $75,000

      Coral Gables Salon Business Opportunity

      Full-service salon in Coral Gables, ready for operation.
      57Th Ave, Coral Gables, FL 33143
      View Details
    • $2,650,000

      Legal Short-Term Rental Villa

      Licensed 6-unit villa, the only legal STR in Coral Gables.
      36 Phoenetia Ave, Coral Gables, FL 33134
      View Details
    • $2,999,500

      Coral Gables Luxury Office Suite

      Prime Coral Gables Office Space, Newly Renovated
      700 Biltmore Way, Coral Gables, FL 33134
      View Details
    • $1,390,000

      Coral Gables Duplex Investment

      Charming 1938 Duplex, Prime Location
      3310 Le Jeune Rd, Coral Gables, FL 33134
      View Details
    • $5,300,000
      9,230 SF

      Coral Gables Office Building Investment

      9,230 SF Office, Fully Remodeled, Prime Location
      5539 8Th St, Coral Gables, FL 33134
      View Details
    • $260,000

      Coral Gables Florist Business for Sale

      Thriving Florist in Prime Coral Gables Location
      0 Florist, Coral Gables, FL 33134
      View Details
    • $2,800,000

      Coral Gables Multifamily Investment

      Six-unit apartment building, prime location.
      414 Valencia Ave, Coral Gables, FL 33134
      View Details
    • Contact for pricing

      Coral Gables Boat Slip Rental

      Boat slip for rent in Coral Gables with ocean access.
      Boat Slip For Rent Coral Gables, Coral Gables, FL 33158
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Ponce De Leon Blvd Duplexes
    Where is this multifamily property located?
    The property is located at 3621 Ponce De Leon Blvd Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $4,295,000.
    What are key features of this property?
    This property features: $4,295,000 asking price.; Multifamily investment opportunity in Coral Gables, FL.; 15,325 square feet total building area.
    (305) 332-0545 Call to check price and availability
    Request Owner's contact information
    3621 Ponce De Leon Blvd Coral Gables, FL 33134
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3621 Ponce De Leon Blvd
    Coral Gables, FL 33134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3621 Ponce De Leon Blvd Coral Gables, FL 33134
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lilibeth Regueiro
    Real Estate License ID: 3385482
    (305) 332-0545 (305) 406-3978
    Learn more
    Google sign-in failed. Please try again or use another login method.