Modern Office Building
For Sale
Contact for pricing
1600 Ponce De Leon Blvd, Coral Gables, FL 33134
Office suite within a meticulously designed 876 SF building with modern amenities and a thoughtfully optimized layout.
Property Size876 SF
Price / SF$683.79
Days on Market622
Property Features for 1600 Ponce De Leon Blvd
General Information
Standard status
Active
Size
876 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown Coral Gables
Listing Agency:
The Keyes Company Commercial - Corporate
(305) 371-3592
Listed By:
Carlos Pena
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Oct 26
Last Checked: Oct 26 at 5:54PM
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 The Keyes Company Commercial - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This meticulously designed 876 SF office building suite is tailored for an office environment, with modern amenities and a thoughtful layout intended to optimize comfort and functionality.
Located at 1600 Ponce De Leon Blvd in Coral Gables, the property offers a strategic, prestigious business address in the heart of the area.
The space is presented as a versatile option for office use, with accommodations arranged to support day-to-day workplace needs.
Located at 1600 Ponce De Leon Blvd in Coral Gables, the property offers a strategic, prestigious business address in the heart of the area.
The space is presented as a versatile option for office use, with accommodations arranged to support day-to-day workplace needs.
Key Highlights
- Office suite in a meticulously designed 876 SF building
- Modern amenities tailored for an office environment
- Thoughtfully optimized layout for comfort and functionality
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,218
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,360
$464.4K
Cap Rate 7%
$331,686
$331.7K
Cap Rate 9%
$257,978
$258.0K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$39.9K $45.60/SF
− Vacancy
−$9.0K −$10.26/SF
EGI
$31.0K $35.34/SF
− OpEx
−$7.7K −$8.84/SF
NOI
$23.2K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,360
Cap Rate 7%
$331,686
Cap Rate 9%
$257,978
Alternative Uses
Best Use
Office B
$331.7K
$290.2K – $387.0K
NOI $23,218 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.4K
$388.9K – $518.5K
NOI $31,110 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite within a meticulously designed 876 SF building with modern amenities and a thoughtfully optimized layout.
Where is this office unit located?
The property is located at 1600 Ponce De Leon Blvd Coral Gables, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Office suite in a meticulously designed 876 SF building; Modern amenities tailored for an office environment; Thoughtfully optimized layout for comfort and functionality
