Office Suite with Reception and
420 S Dixie Hwy Coral Gables, FL 33146
New
420 S Dixie Hwy, Coral Gables, FL, 33146
$595,000
For Sale
$595,000
SINGLE_FAMILY - Coral Gables, FL
Property Size1,210 SF
Price / SF$491.74
Days on Market3
Property Features for 420 S Dixie Hwy
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 4
- Parking features
- Guest, Covered
- Security features
- Security Lighting
- Standard status
- Active
- APN
- 03-41-20-041-0010
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FIRST PROFESSIONAL CONDOMINIUM PORT OF 2-A-2 SECOND FLOOR UNDIV 4.03% INT IN COMMON ELEMENTS CLERKS FILES 67R 6184 & 67R 28839 & 67R 100987
- Tax Annual Amount
- 8874
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1966
- Floors in Building
- 5
- Flooring type
- Concrete, Carpet, Tile
- Building materials
- Block
- Roof type
- Concrete
Listing Agency
The Keyes Company
(305) 443-7423
2423 S Le Jeune Rd, Miami, FL
Listed by
Steven Epstein · License #0348217
(305) 546-5132
Added: Jul 16 Checked: Jul 18 at 6:06 am
MLS# A12054401
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office suite offers an efficient layout designed for client-facing work, including a welcoming reception room, three private offices, a conference room, and five workstations. Additional in-suite conveniences include a break room and extra storage.
Access is available from both northbound and southbound U.S. 1, as well as northbound and southbound Le Jeune Rd. The property is positioned in the South Coral Gables business district, bordering residential areas.
The suite includes four parking spaces. It is offered for sale, with a gross modified lease option also noted in the listing materials.
Access is available from both northbound and southbound U.S. 1, as well as northbound and southbound Le Jeune Rd. The property is positioned in the South Coral Gables business district, bordering residential areas.
The suite includes four parking spaces. It is offered for sale, with a gross modified lease option also noted in the listing materials.
Key Highlights
- 1,210 SF office space for sale at $595K or rent for $4,950/mo (gross modified lease)
- Well‑designed layout with a reception room, 3 private offices, conference room, and 5 workstations
- Includes a break room and extra storage
Local 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 | $55.2k | $45.60 |
| − Vacancy | −$12.4k | −$10.26 |
| EGI | $42.8k | $35.34 |
| − OpEx | −$10.7k | −$8.84 |
| NOI | $32.1k | $26.51 |
1,210 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$458.2K
$400.9K – $534.5K
NOI $32,071 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - For sale office suite with reception, three private offices, conference room, workstations, and four included parking spaces.
Where is this office units located?
The property is located at 420 S Dixie Hwy Coral Gables, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,210 SF office space for sale at $595K or rent for $4,950/mo (gross modified lease); Well‑designed layout with a reception room, 3 private offices, conference room, and 5 workstations; Includes a break room and extra storage
