Office Condo with Private
New
For Sale
$1,675,000
2020 Ponce De Leon Blvd, Coral Gables, FL 33134
Commercial Sale, Coral Gables, FL
Property Size1,933 SF
Lot Size0.85 Acres
Price / SF$866.53
Days on Market7
Property Features for 2020 Ponce De Leon Blvd
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6400
Security features
Security
Subdivision
41
Standard status
Active
APN
03-41-08-124-0460
Lot size
0.85 Acres
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Description
2020 PONCE CONDO UNIT 1108 UNDIV 1.85411% INT IN COMMON ELEMENTS OFF REC 27020-4875
Tax Annual Amount
21941
HOA Fee
$2,090 Monthly
Legal Description
2020 PONCE CONDO UNIT 1108 UNDIV 1.85411% INT IN COMMON ELEMENTS OFF REC 27020-4875
Amenities
contemporary lobby
ground-floor retail
concierge service
24-hour security
on-site management
Building Details
Year built
2009
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
Compass Florida, LLC
(305) 697-5402
Listed By:
Donald Shapiro · License #3232377
(954) 803-9514
Added: Oct 30
Last Checked: Nov 5 at 11:06PM
MLS# A12115385
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.
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Investment Insights
Based on property information with market context.
Suite 1108 offers 1,933 SF of office space in a building completed in 2009. Its layout combines an open work area with workstations and four private exterior offices. A conference room, kitchen and break area, LED lighting, and an integrated ceiling-speaker system are also part of the buildout. A private balcony provides views toward Downtown Miami and Brickell. Furniture is negotiable, and the suite comes with five dedicated parking spaces; additional parking may be available for an added cost.
The office is at 2020 Ponce De Leon Blvd in Coral Gables. Miracle Mile, Alhambra Circle, and dining and entertainment options are within walking distance, while the Village of Merrick Park is a five-minute drive away. Building services include a contemporary lobby, ground-floor retail, concierge service, 24-hour security, and on-site management.
The office is at 2020 Ponce De Leon Blvd in Coral Gables. Miracle Mile, Alhambra Circle, and dining and entertainment options are within walking distance, while the Village of Merrick Park is a five-minute drive away. Building services include a contemporary lobby, ground-floor retail, concierge service, 24-hour security, and on-site management.
Key Highlights
- 1,933 SF office condo in Suite 1108
- Four private exterior offices and an open work area with workstations
- Private balcony with views toward Downtown Miami and Brickell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,234
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,680
$1.0M
Cap Rate 7%
$731,914
$731.9K
Cap Rate 9%
$569,267
$569.3K
Market Conditions
NOI Build-Up for 1,933 SF
Gross rent
$88.1K $45.60/SF
− Vacancy
−$19.8K −$10.26/SF
EGI
$68.3K $35.34/SF
− OpEx
−$17.1K −$8.84/SF
NOI
$51.2K $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%
$1,024,680
Cap Rate 7%
$731,914
Cap Rate 9%
$569,267
Alternative Uses
Best Use
Office B
$731.9K
$640.4K – $853.9K
NOI $51,234 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$980.7K
$858.1K – $1.14M
NOI $68,648 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,550
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
Frequently Asked Questions
What type of property is this?
Office unit - The built-out suite pairs enclosed offices with open work areas, a conference room, and a staff kitchen.
Where is this office unit located?
The property is located at 2020 Ponce De Leon Blvd Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 1,933 SF office condo in Suite 1108; Four private exterior offices and an open work area with workstations; Private balcony with views toward Downtown Miami and Brickell
