Two-Story Office
For Sale
Contact for pricing
4627 Ponce De Leon Blvd, Coral Gables, FL 33146
Two levels with separate entrances offer reception, multiple offices, conference space, and six on-site parking spaces.
Property Size5,500 SF
Price / SF$0.01
Days on Market150
Property Features for 4627 Ponce De Leon Blvd
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
6
Property subtype
Office
Site & Location
Neighborhood
Coconut Grove
Additional Details
Office Units
2
Amenities
reception area
conference room
telephone bank type room
kitchen
display or conference area
Building Details
Building Size
5,500 SF
Year Built
1957
Stories
2
Listing Agency:
Southern Hill Real Estate
Listed By:
Gary Robinson · License #3250110
(305) 986-3643
Source:
Allyandaj
Added: Jun 1
Changed: Oct 27
Last Checked: Oct 26 at 10:04PM
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 Southern Hill Real Estate
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Investment Insights
Based on property information with market context.
This two-story office property is configured for flexible use, with each floor available to be leased together or separately, and each level having its own entrance. The first floor includes a reception area, eight offices, a conference room, a large telephone bank-type room, a kitchen, and three bathrooms. The second floor offers five offices, a kitchen, a display or conference area, and two bathrooms.
The property is located at 4627 Ponce De Leon Boulevard in Coral Gables, near Merrick Park. It provides a total of six parking spaces for tenants and visitors.
Overall, the space is designed around dedicated office rooms with shared functional areas on each level, including kitchens and multiple restrooms, supporting a variety of professional setups.
The property is located at 4627 Ponce De Leon Boulevard in Coral Gables, near Merrick Park. It provides a total of six parking spaces for tenants and visitors.
Overall, the space is designed around dedicated office rooms with shared functional areas on each level, including kitchens and multiple restrooms, supporting a variety of professional setups.
Key Highlights
- Two‑story office building (1957) with space that can be leased together or separately
- First floor offers reception, 8 offices, conference room, large telephone bank‑type room, kitchen, and 3 bathrooms (about 3,500 SF)
- Second floor includes 5 offices, kitchen, display or conference area, and 2 bathrooms (about 2,000 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,778
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,915,560
$2.9M
Cap Rate 7%
$2,082,543
$2.1M
Cap Rate 9%
$1,619,756
$1.6M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$250.8K $45.60/SF
− Vacancy
−$56.4K −$10.26/SF
EGI
$194.4K $35.34/SF
− OpEx
−$48.6K −$8.84/SF
NOI
$145.8K $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%
$2,915,560
Cap Rate 7%
$2,082,543
Cap Rate 9%
$1,619,756
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,778 @ 7.0% cap · market cap 393,994.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,327 @ 7.0% cap · market cap 527,910.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
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Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two levels with separate entrances offer reception, multiple offices, conference space, and six on-site parking spaces.
Where is this office unit located?
The property is located at 4627 Ponce De Leon Blvd Coral Gables, FL.
What are key features of this property?
This property features: Two‑story office building (1957) with space that can be leased together or separately; First floor offers reception, 8 offices, conference room, large telephone bank‑type room, kitchen, and 3 bathrooms (about 3,500 SF); Second floor includes 5 offices, kitchen, display or conference area, and 2 bathrooms (about 2,000 SF)
