Coral Gables Office
For Sale
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2020 Ponce De Leon Blvd 1203, Coral Gables, FL 33134
Professionally built-out office suite in central Coral Gables.
Property Size1,392 SF
Lot Size0.03 Acres
Price / SF$0.04
Days on Market214
Property Features for 2020 Ponce De Leon Blvd 1203
General Information
Standard status
Active
Size
1,392 SF
Lot size
0.03 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Downtown Coral Gables
Building Details
Building Size
1,392 SF
Year Built
2009
Listing Agency:
COMPASS FLORIDA, LLC
Listed By:
William Srouji · License #A11985801
(305) 989-3594
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 professionally built-out office suite offers 1,392 rentable square feet at 2020 Ponce de Leon in Coral Gables. The space includes multiple private offices, a dedicated kitchen, and a private balcony. An open area is suitable for workstations, providing a functional and efficient layout. This turnkey opportunity is suitable for a variety of office uses. Electric is separately metered.
Key Highlights
- Professionally built out 1,392 RSF office suite in the heart of Coral Gables.
- Multiple private offices and open area suitable for workstations.
- Dedicated kitchen and private balcony.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,895
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,900
$737.9K
Cap Rate 7%
$527,071
$527.1K
Cap Rate 9%
$409,944
$409.9K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$63.5K $45.60/SF
− Vacancy
−$14.3K −$10.26/SF
EGI
$49.2K $35.34/SF
− OpEx
−$12.3K −$8.84/SF
NOI
$36.9K $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%
$737,900
Cap Rate 7%
$527,071
Cap Rate 9%
$409,944
Alternative Uses
Best Use
Office B
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 69,613.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.2K
$617.9K – $823.9K
NOI $49,435 @ 7.0% cap · market cap 93,273.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
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 - Professionally built-out office suite in central Coral Gables.
Where is this office unit located?
The property is located at 2020 Ponce De Leon Blvd 1203 Coral Gables, FL.
What are key features of this property?
This property features: Professionally built out 1,392 RSF office suite in the heart of Coral Gables.; Multiple private offices and open area suitable for workstations.; Dedicated kitchen and private balcony.
