Bright Office Suite with
2020 Ponce De Leon Blvd Unit 1103 Coral Gables, FL 33134
For Sale
$670,000
Pending
Bright, modern office suite with high-impact windows, reception and lounge areas, three private offices, and a balcony.
Property Size1,150 SF
Days on Market2217
Property Features for 2020 Ponce De Leon Blvd Unit 1103
General Information
Standard status
Pending
Size
1,150 SF
Property subtype
General Commercial
Building Details
Year Built
2009
Listing Agency:
United Realty Group Inc
(786) 406-3200
Listed By:
Beatriz Valarino · License #3124256
(786) 406-3200
Source:
Xome
Added: Jul 4, 2020
Changed: Jul 26
Last Checked: Jul 26 at 12:30PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
Located in a modern building in Coral Gables, this bright office suite offers high ceilings and white tile floors throughout. The interior includes an entrance waiting area and reception space, along with a large multiple-use lounge. The suite also features an enclosed kitchen, a storage closet, three private offices with large windows, and a balcony.
The suite comes with 3 covered assigned parking spots. It’s described as centrally located within walking distance to Miracle Mile shops and restaurants.
Measuring 1,150 square feet, this well-lit configuration is designed for professional office use, combining front-of-house reception space with multiple enclosed workrooms and a private outdoor balcony.
The suite comes with 3 covered assigned parking spots. It’s described as centrally located within walking distance to Miracle Mile shops and restaurants.
Measuring 1,150 square feet, this well-lit configuration is designed for professional office use, combining front-of-house reception space with multiple enclosed workrooms and a private outdoor balcony.
Key Highlights
- 1150 SF office suite in a modern building in the heart of Coral Gables (year built 2009)
- High ceilings with white tile floors and lots of high‑impact windows for natural light
- Reception area plus large multiple‑use lounge and an entrance waiting area
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 | $52.4k | $45.60 |
| − Vacancy | −$11.8k | −$10.26 |
| EGI | $40.6k | $35.34 |
| − OpEx | −$10.2k | −$8.84 |
| NOI | $30.5k | $26.51 |
1,150 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$435.4K
$381.0K – $508.0K
NOI $30,481 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Bright, modern office suite with high-impact windows, reception and lounge areas, three private offices, and a balcony.
Where is this office units located?
The property is located at 2020 Ponce De Leon Blvd Unit 1103 Coral Gables, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 1150 SF office suite in a modern building in the heart of Coral Gables (year built 2009); High ceilings with white tile floors and lots of high‑impact windows for natural light; Reception area plus large multiple‑use lounge and an entrance waiting area
