1627 SW 37th Ave CU-1, Miami, FL 33145
Move-in-ready condo with private restroom, secure storage, and central A/C for professional or medical use.
- Added:
- Jun 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 6 at 4:39 am
Property Features for 1627 SW 37th Ave CU-1
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agent Mauricio Jalil License #3207268 (305) 984-8693
Listing office MJ Estates, Inc. (305) 984-8693
Listing date Jun 3, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MJ Estates, Inc.
HighLights
- 2004‑built prime retail/office condo on Douglas Rd (SW 37 Ave, east side) near SW 16 St
- Over 1,100 SF with a spacious private inside restroom plus a secure storage/coat closet
- Central A/C, mint condition interior, and well‑kept common areas with low operating costs
- Currently leased through December 2026 to a tenant, generating $45,084 gross annual income with very low expenses
- Offered at a 6% CAP rate with annual increases for investment cash flow
- Parking options: owners can rent 1–2 dedicated spaces (subject to availability); guest parking for up to 3 vehicles at a time; additional 20‑minute parking in front plus metered/street parking across the street
Overview
The property is located on the east side of Douglas Rd near SW 16 St in Coral Gables, providing convenient access to surrounding business corridors. Flexible parking is available, with owners only able to rent 1–2 dedicated parking spaces, subject to availability. Guest parking accommodates up to three client vehicles at a time, and additional 20-minute parking is located directly in front of the unit. Metered and street parking are available across the street.
For tenants, this configuration supports everyday client-facing operations that benefit from an in-unit restroom and controlled storage. For investors, the suite is currently leased through December 2026, offering ongoing income tied to the existing tenant occupancy while minimizing day-to-day management needs.
Local Financial Insights For Retail
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 | $57.2k | $51.96 |
| − Vacancy | −$5.9k | −$5.35 |
| EGI | $51.3k | $46.61 |
| − OpEx | −$15.4k | −$13.98 |
| NOI | $35.9k | $32.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.25443
- Latitude
- 25.756244
