Coral Gables Mixed-Use Commercial
2030 S Douglas Rd 120, Coral Gables, FL 33134
For Sale
$580,000
Ground floor commercial unit in the heart of Coral Gables.
Property Size860 SF
Price / SF$674.42
Days on Market198
Property Features for 2030 S Douglas Rd 120
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Aterra Real Estate Partners, LLC
Listed By:
Susana Shelton · License #A11932277
(786) 229-8587
Source:
Mymiahomes
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 3:34PM
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 Aterra Real Estate Partners, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the heart of Coral Gables, this commercial unit is situated on the ground floor of The Minorca Condominium, a mixed-use building. Constructed in 2005, the 8-floor Mediterranean building combines modern comfort and elegance. The property features an open concept layout, high ceilings, and one bathroom. The Minorca Condominium consists of 38 retail, cafe, and professional services on the first two floors, with 120 residences on the upper five floors. Building amenities include a fitness center, infinity pool, recreation room, and guarded garage parking. A 24/7 concierge is available at the front desk. The building is located within steps of Miracle Mile, known for its shops, boutiques, restaurants, cafes, bistros, galleries, theatre, and entertainment. The location is approximately a 15-minute drive to the Airport, Coconut Grove, South Miami, Brickell, Downtown Miami, and Village of Merrick Park. The walk score is 84, indicating it is very walkable, the bike score is 55, indicating it is bikeable, and the transit score is 45, indicating some transit options are available.
Key Highlights
- Prime Coral Gables location: Steps from Miracle Mile's shops, restaurants, and entertainment.
- Ground floor commercial unit in a mixed‑use building.
- Open concept design with high ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,794
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,880
$455.9K
Cap Rate 7%
$325,629
$325.6K
Cap Rate 9%
$253,267
$253.3K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$39.2K $45.60/SF
− Vacancy
−$8.8K −$10.26/SF
EGI
$30.4K $35.34/SF
− OpEx
−$7.6K −$8.84/SF
NOI
$22.8K $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%
$455,880
Cap Rate 7%
$325,629
Cap Rate 9%
$253,267
Alternative Uses
Best Use
Office B
$325.6K
$284.9K – $379.9K
NOI $22,794 @ 7.0% cap · market cap 3.93%
Second Best
Mixed Use
$211.9K
$185.4K – $247.3K
NOI $14,835 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$436.3K
$381.8K – $509.0K
NOI $30,542 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$660,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Miami-Dade County, FL
Properties on Market for Mixed-use properties in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground floor commercial unit in the heart of Coral Gables.
Where is this mixed-use property located?
The property is located at 2030 S Douglas Rd 120 Coral Gables, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Prime Coral Gables location: Steps from Miracle Mile's shops, restaurants, and entertainment.; Ground floor commercial unit in a mixed‑use building.; Open concept design with high ceilings.
