Full-Floor Office in Coral
For Sale
$11,414,680
2020 Ponce De Leon Blvd 8th Floor, Coral Gables, FL 33134
16,424 SF office space with views and high parking ratio.
Property Size16,424 SF
Price / SF$695
Days on Market239
Property Features for 2020 Ponce De Leon Blvd 8th Floor
General Information
Standard status
Active
Size
16,424 SF
Property subtype
Commercial
Site & Location
Neighborhood
Downtown Coral Gables
Building Details
Building Size
16,424 SF
Year Built
2009
Stories
1
Listing Agency:
Compass Florida LLC
Listed By:
Liz Hogan · License #3045004
(305) 804-9700
Source:
Elliman
Added: Mar 11
Changed: Sep 4
Last Checked: Aug 25 at 4:17AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Located in the heart of Coral Gables, this commercial office space encompasses the entire 8th floor of 2020 Ponce. The property features a 16,424 SF fully built-out, column-free layout, complemented by a private wrap-around terrace that offers sweeping views of Coral Gables and the Miami skyline. Designed with exposed ceilings and impact windows, the space benefits from abundant natural light and Class-A standard finishes. The layout includes open work areas, private offices, conference rooms, and a full kitchen. The building offers a grand lobby with 24/7 security and high-end finishes. It also features a parking ratio of 4/1,000 SF. The property is within walking distance of Alhambra Circle, Miracle Mile, and over 50 restaurants and shops, offering convenient access to local amenities.
Key Highlights
- Full‑floor HQ opportunity with 16,424 SF in Coral Gables.
- Private wrap‑around terrace with sweeping views of Coral Gables & Miami skyline.**
- High parking ratio of 4/1,000 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$435,318
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,706,360
$8.7M
Cap Rate 7%
$6,218,829
$6.2M
Cap Rate 9%
$4,836,867
$4.8M
Market Conditions
NOI Build-Up for 16,424 SF
Gross rent
$748.9K $45.60/SF
− Vacancy
−$168.5K −$10.26/SF
EGI
$580.4K $35.34/SF
− OpEx
−$145.1K −$8.84/SF
NOI
$435.3K $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%
$8,706,360
Cap Rate 7%
$6,218,829
Cap Rate 9%
$4,836,867
Alternative Uses
Best Use
Office B
$6.22M
$5.44M – $7.26M
NOI $435,318 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.33M
$7.29M – $9.72M
NOI $583,281 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,550
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 16,424 SF office space with views and high parking ratio.
Where is this office building located?
The property is located at 2020 Ponce De Leon Blvd 8th Floor Coral Gables, FL.
What is the asking price?
The asking price for this property is $11,414,680.
What are key features of this property?
This property features: Full‑floor HQ opportunity with 16,424 SF in Coral Gables.; Private wrap‑around terrace with sweeping views of Coral Gables & Miami skyline.**; High parking ratio of 4/1,000 SF.
