Boutique Office in Coral
For Sale
$698,000
2030 S Douglas Rd 109, Coral Gables, FL 33134
Boutique office suite with secure lease and parking.
Property Size1,057 SF
Price / SF$660.36
Days on Market101
Property Features for 2030 S Douglas Rd 109
General Information
Standard status
Active
Size
1,057 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
Lee Maloff Realty Inc
(305) 444-6692
Listed By:
Elizabeth Maloff · License #0396216
(305) 444-6692
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 11:44AM
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 Lee Maloff Realty Inc
Investment Insights
Based on property information with market context.
This 1,057 square foot boutique office suite is strategically located in the epicenter of Coral Gables' business district. The property offers a secure lease through the second quarter of 2027, yielding a 6.25% VAP, making it suitable for 1031 exchange buyers or conservative investors. The unit includes two assigned covered parking spaces, with the option to purchase additional spaces at $30,000 each. The building also provides free visitor parking. Situated between Merrick Park and Miracle Mile, the suite offers access to a private gym and swimming pool. The location is one block from Miracle Mile, with proximity to the Plaza Coral Gables. The property has individual AC. The bike score is 59, indicating it is bikeable. The walk score is 90, designating it as a walker's paradise, and the transit score is 47, indicating some transit options are available. There are no special assessments.
Key Highlights
- High yield investment opportunity with an attractive 6.25% VAP.
- Secure lease in place through Q2 2027, ideal for 1031 exchange.
- Prime location in the heart of Coral Gables business district, near Miracle Mile and Merrick Park.
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 | $48.2k | $45.60 |
| − Vacancy | −$10.8k | −$10.26 |
| EGI | $37.4k | $35.34 |
| − OpEx | −$9.3k | −$8.84 |
| NOI | $28.0k | $26.51 |
1,057 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.2K
$350.2K – $466.9K
NOI $28,016 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,856
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Boutique office suite with secure lease and parking.
Where is this office units located?
The property is located at 2030 S Douglas Rd 109 Coral Gables, FL.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: High yield investment opportunity with an attractive 6.25% VAP.; Secure lease in place through Q2 2027, ideal for 1031 exchange.; Prime location in the heart of Coral Gables business district, near Miracle Mile and Merrick Park.
