Mint Retail/Office Condo
1627 SW 37th Ave CU-1 Miami, FL 33145
1627 SW 37th Ave CU-1, Miami, FL, 33145
$499,900
For Sale
$499,900
Move-in-ready condo with private restroom, secure storage, and central A/C for professional or medical use.
Property Size1,100 SF
Price / SF$454.45
Days on Market51
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 agency
MJ Estates, Inc.
(305) 984-8693
Listed by
Mauricio Jalil · License #3207268
(305) 984-8693
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 4:00PM Checked: Jul 22 at 7:00AM
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.
Investment Insights
Based on property information with market context.
This mint-condition retail/office condo suite offers a bright, efficient interior layout designed for professional, medical, or creative users. The space includes a spacious private inside restroom and a secure storage/coat closet, along with central A/C. The unit is supported by well-kept common areas and is offered with low operating costs.
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.
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.
Key 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
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 |
1,100 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$512.7K
$448.6K – $598.1K
NOI $35,888 @ 7.0% cap · market cap 7.18%
Second Best
Office B
$450.8K
$394.5K – $525.9K
NOI $31,556 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$742.5K
$649.7K – $866.3K
NOI $51,975 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DSoftLabs
(Bike/Boat/Book/etc) Store
AFL International Consulting ...
(Bike/Boat/Book/etc) Store
Gables View Condominium ...
Condominium Complex
ACA Property Management
Property Management Company
MJ Estates
Property Management Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Move-in-ready condo with private restroom, secure storage, and central A/C for professional or medical use.
Where is this office units located?
The property is located at 1627 SW 37th Ave CU-1 Miami, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 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
