Turnkey Office Condominium
202-1607 Ponce De Leon Blvd Coral Gables, FL 33134
202-1607 Ponce De Leon Blvd, Coral Gables, FL, 33134
$736,000
For Sale
$736,000
Turnkey second-floor office suite with wall-to-wall north and west windows and dedicated covered, gated parking.
Property Size1,369 SF
Price / SF$537.62
Days on Market30
Property Features for 202-1607 Ponce De Leon Blvd
General Information
- Standard status
- Active
- Size
- 1,369 SF
Listing agency
RE/MAX United Realty
(305) 606-1069
Listed by
Matilde Aguirre · License #0364522
(305) 606-1069
Source
Exprealty
Added: Jun 22 Updated: Jul 20 at 7:25PM Checked: Jul 20 at 7:25PM
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 RE/MAX United Realty
Investment Insights
Based on property information with market context.
Turnkey office space located within The Ponce de Leon Condominium building. The suite includes one large, bright office with wall-to-wall windows facing north and west, a large conference room, and an additional room with refrigerator and kitchen cabinetry for eating and relaxing. The space totals 1,369 square feet and is positioned to receive substantial natural light.
The building is a boutique mixed-use property built in 2008 and served by concierge services and 24-hour security. Only nine commercial offices occupy the second floor. The suite is supported by two covered, gated parking spaces.
The configuration is well suited for professional office uses such as an accountant, title company, law office, support services, real estate office, or architect office. Convenient access is noted with proximity to Miami International Airport, listed as about 10 minutes (3.3 miles).
The building is a boutique mixed-use property built in 2008 and served by concierge services and 24-hour security. Only nine commercial offices occupy the second floor. The suite is supported by two covered, gated parking spaces.
The configuration is well suited for professional office uses such as an accountant, title company, law office, support services, real estate office, or architect office. Convenient access is noted with proximity to Miami International Airport, listed as about 10 minutes (3.3 miles).
Key Highlights
- Turnkey second‑floor office suite in The Ponce de Leon Condominium building
- 1,369 SF office with wall‑to‑wall north and west windows for lots of natural light
- Includes a large office plus a large conference room and a room with refrigerator and kitchen cabinetry
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 | $62.4k | $45.60 |
| − Vacancy | −$14.0k | −$10.26 |
| EGI | $48.4k | $35.34 |
| − OpEx | −$12.1k | −$8.84 |
| NOI | $36.3k | $26.51 |
1,369 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$518.4K
$453.6K – $604.8K
NOI $36,285 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.6K
$607.7K – $810.3K
NOI $48,619 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turnkey second-floor office suite with wall-to-wall north and west windows and dedicated covered, gated parking.
Where is this office units located?
The property is located at 202-1607 Ponce De Leon Blvd Coral Gables, FL.
What is the asking price?
The asking price for this property is $736,000.
What are key features of this property?
This property features: Turnkey second‑floor office suite in The Ponce de Leon Condominium building; 1,369 SF office with wall‑to‑wall north and west windows for lots of natural light; Includes a large office plus a large conference room and a room with refrigerator and kitchen cabinetry
