1607 Ponce De Leon Boulevard Unit 201 Coral Gables, FL 33134
Turnkey second-floor suite with natural light, office and bullpen layout, and covered gated parking in a secure condominium building.
Property Features for 1607 Ponce De Leon Boulevard Unit 201
General Information
- Standard status
- Active
- Size
- 974 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing office RE/MAX United Realty (305) 606-1069
Listing date Jun 17, 2026
Source Lehmannflorida
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Investment Insights
Based on property information with market context.
The property includes three covered and gated parking spaces, supported by a 24-hour security system. The building provides concierge services. Access and services are designed for day-to-day operations and client visits.
With its established office layout, turnkey condition, and professional configuration, the suite is well suited for a range of professional practices. It would fit well for uses such as an accountant, title company, law office, support services firm, real estate office, or an architect office. The secure parking and controlled environment support tenant and staff convenience for regular business operations.
Key Highlights
- Turnkey 974 SF second‑floor office suite in The Ponce de Leon Condominium building (built 2008)
- Suite includes 2 offices plus a large bullpen area with cabinetry
- Kitchen with built‑in microwave and eating/relaxing area
Local Financial Insights For Office B
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 | $44.4k | $45.60 |
| − Vacancy | −$10.0k | −$10.26 |
| EGI | $34.4k | $35.34 |
| − OpEx | −$8.6k | −$8.84 |
| NOI | $25.8k | $26.51 |
