Office Unit with Covered
For Sale
$530,000
Pending
1607 Ponce De Leon Blvd, Coral Gables, FL 33134
Commercial Sale, Coral Gables, FL
Property Size974 SF
Lot Size0.02 Acres
Days on Market105
Property Features for 1607 Ponce De Leon Blvd
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6400
Parking
3
Parking features
Assigned, Covered, Guest
Security features
Security Lighting
Subdivision
41
Standard status
Pending
APN
03-41-08-121-0620
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE PONCE DE LEON CONDO UNIT 201 UNDIV 1.2610% INT IN COMMON ELEMENTS OFF REC 26524-1059
Tax Annual Amount
8047
HOA Fee
$951 Monthly
Legal Description
THE PONCE DE LEON CONDO UNIT 201 UNDIV 1.2610% INT IN COMMON ELEMENTS OFF REC 26524-1059
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
concierge services
24-hour security
Building Details
Year built
2008
Flooring type
Parquet Wood
Building materials
Block
Roof type
Built-Up
Listing Agency:
RE/MAX United Realty · RE/MAX International
(305) 575-2727
Listed By:
Matilde Aguirre · License #0364522
(305) 606-1069
Added: Jun 30
Changed: Oct 10
Last Checked: Oct 12 at 3:06PM
MLS# A12038926
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.
This second-floor office condominium at The Ponce de Leon Condominium provides two private offices, a spacious bullpen with cabinetry, and a kitchen equipped with a built-in microwave. Wall-to-wall windows facing north and west bring substantial natural light to the workspace. The suite includes three covered, gated parking spaces, guest parking, and access to a 24-hour security system.
The mixed-use condominium was built in 2008 and has nine commercial offices on its second floor. Central air conditioning, central heating, and heat-pump heating support year-round workspace comfort. The property is located at 1607 Ponce De Leon Blvd in Coral Gables, 3.3 miles or approximately 10 minutes from Miami International Airport. Its office configuration is suited to professional users including accounting, title, legal, support, real estate, and architectural practices.
The mixed-use condominium was built in 2008 and has nine commercial offices on its second floor. Central air conditioning, central heating, and heat-pump heating support year-round workspace comfort. The property is located at 1607 Ponce De Leon Blvd in Coral Gables, 3.3 miles or approximately 10 minutes from Miami International Airport. Its office configuration is suited to professional users including accounting, title, legal, support, real estate, and architectural practices.
Key Highlights
- Two private offices plus a large bullpen with cabinetry
- Kitchen with built‑in microwave
- Wall‑to‑wall windows facing north and west
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,816
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,320
$516.3K
Cap Rate 7%
$368,800
$368.8K
Cap Rate 9%
$286,844
$286.8K
Market Conditions
NOI Build-Up for 974 SF
Gross rent
$44.4K $45.60/SF
− Vacancy
−$10.0K −$10.26/SF
EGI
$34.4K $35.34/SF
− OpEx
−$8.6K −$8.84/SF
NOI
$25.8K $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%
$516,320
Cap Rate 7%
$368,800
Cap Rate 9%
$286,844
Alternative Uses
Best Use
Office B
$368.8K
$322.7K – $430.3K
NOI $25,816 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.5K
NOI $34,591 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
1
Office units
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condominium with private offices, a bullpen, kitchen, natural light, and controlled-access parking.
Where is this office units located?
The property is located at 1607 Ponce De Leon Blvd Coral Gables, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two private offices plus a large bullpen with cabinetry; Kitchen with built‑in microwave; Wall‑to‑wall windows facing north and west
