Ground-Level Retail/Office Condo
2030 S Douglas Road #114 Coral Gables, FL 33134
For Sale
$569,000
Pending
First-level unit currently operating as a beauty salon, with two assigned garage parking spaces plus guest and street meter parking.
Property Size742 SF
Days on Market20
Property Features for 2030 S Douglas Road #114
General Information
- Standard status
- Pending
- Size
- 742 SF
Building Details
- Year Built
- 2005
Listing Agency:
Miami Premier Realty
(786) 457-7195
Listed By:
Lilia Machin
(786) 457-7195
Source:
Laerrealty
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 5:43AM
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 Miami Premier Realty
Investment Insights
Based on property information with market context.
This ground-level commercial condo unit is located within the Minorca Condo, a mixed-use building with 37 commercial units and 120 residential units. The space offers easy access and exposure and is currently occupied and used as a beauty salon, with multiple possible uses including professional office, services, or retail.
The building setting places the unit within walking distance to Ponce de Leon and nearby shops and restaurants.
Parking is provided with two assigned spaces in the garage, along with ample guest parking and street meter parking for additional convenience.
The building setting places the unit within walking distance to Ponce de Leon and nearby shops and restaurants.
Parking is provided with two assigned spaces in the garage, along with ample guest parking and street meter parking for additional convenience.
Key Highlights
- First‑level 742 SF unit operating as a beauty salon at the Minorca Condo
- Located in a mixed‑use condo: 37 commercial units and 120 residential units
- Two assigned garage parking spaces, plus guest parking and street meter parking
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 | $33.8k | $45.60 |
| − Vacancy | −$7.6k | −$10.26 |
| EGI | $26.2k | $35.34 |
| − OpEx | −$6.6k | −$8.84 |
| NOI | $19.7k | $26.51 |
742 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$281.0K
$245.8K – $327.8K
NOI $19,667 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$179.2K
$156.8K – $209.1K
NOI $12,547 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$376.4K
$329.4K – $439.2K
NOI $26,351 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - First-level unit currently operating as a beauty salon, with two assigned garage parking spaces plus guest and street meter parking.
Where is this office units located?
The property is located at 2030 S Douglas Road #114 Coral Gables, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: First‑level 742 SF unit operating as a beauty salon at the Minorca Condo; Located in a mixed‑use condo: 37 commercial units and 120 residential units; Two assigned garage parking spaces, plus guest parking and street meter parking
