Office Condo with Private
New
For Sale
$1,675,000
2020 Ponce De Leon Blvd # 1108, Coral Gables, FL 33134
The built-out suite combines private offices and open work areas with a conference room and staff kitchen.
Property Size130,200 SF
Price / SF$866.53
Days on Market7
Property Features for 2020 Ponce De Leon Blvd # 1108
General Information
Standard status
Active
Size
130,200 SF
Class
Class A
Total Parking Spaces
5
Property subtype
Office
Site & Location
Neighborhood
Downtown Coral Gables
Additional Details
Condition
Turnkey
Property Use
Office
Taxes and HOA fees
Annual Taxes
$21,941
Amenities
contemporary lobby
ground-floor retail
concierge service
24-hour security
on-site management
Building Details
Building Size
130,200 SF
Year Built
2009
Listing Agency:
Compass Florida, LLC
Listed By:
Donald Shapiro · License #3232377
(954) 803-9514
Source:
Relinkre
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 9:08PM
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.
This 1,933-SF office condo, built in 2009, has an open work area, four private exterior offices, a conference room, and a kitchen with break space. A private balcony looks toward Downtown Miami and Brickell. LED lighting and ceiling speakers serve the suite; furniture is negotiable. Five dedicated parking spaces are included, with additional spaces available at extra cost.
The office is in Coral Gables, within walking distance of Miracle Mile, Alhambra Circle, and dining and entertainment. The Village of Merrick Park is a five-minute drive away. Building features include a contemporary lobby, ground-floor retail, concierge service, 24-hour security, and on-site management.
The office is in Coral Gables, within walking distance of Miracle Mile, Alhambra Circle, and dining and entertainment. The Village of Merrick Park is a five-minute drive away. Building features include a contemporary lobby, ground-floor retail, concierge service, 24-hour security, and on-site management.
Key Highlights
- 1,933 SF office condo in a building completed in 2009
- Four private exterior offices alongside an open work area
- 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
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The built-out suite combines private offices and open work areas with a conference room and staff kitchen.
Where is this office unit located?
The property is located at 2020 Ponce De Leon Blvd # 1108 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 a building completed in 2009; Four private exterior offices alongside an open work area; Private balcony with views toward Downtown Miami and Brickell
