Remodeled Office Condo
717 Ponce De Leon Blvd Unit 206 Coral Gables, FL 33134
For Sale
$325,000
Remodeled office condo suite with two private offices, conference room, and in-unit kitchen, plus two assigned covered parking spaces.
Property Size674 SF
Price / SF$482.20
Days on Market226
Property Features for 717 Ponce De Leon Blvd Unit 206
General Information
- Standard status
- Active
- Size
- 674 SF
- Property subtype
- Office
Building Details
- Year Built
- 1971
Listing Agency:
Vice Ventures, Inc.
(305) 970-3516
Listed By:
Michael Delgado
(305) 970-3516
Source:
Xome
Added: Dec 10, 2025
Changed: Jul 20
Last Checked: Jul 23 at 3:35AM
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 Vice Ventures, Inc.
Investment Insights
Based on property information with market context.
Remodeled professional office condo, currently leased through March 2027, offering immediate income with future owner-user flexibility. Unit 206 features an efficient interior layout with two main offices, one conference room, potential cubicle space, and a fully equipped in-unit kitchen with sink and water service. Two restrooms are located nearby on the floor, with elevator access.
The suite is located in a full-service building on Ponce de Leon Blvd in the heart of Coral Gables, near the intersection of Ponce de Leon Blvd and 8th Street. The property is two blocks from Le Jeune Road. Two assigned covered garage parking spaces are included.
HOA fees include water, electricity, A/C, and trash. The building offers secure key-card garage access, a spacious lobby, and an on-site café.
The suite is located in a full-service building on Ponce de Leon Blvd in the heart of Coral Gables, near the intersection of Ponce de Leon Blvd and 8th Street. The property is two blocks from Le Jeune Road. Two assigned covered garage parking spaces are included.
HOA fees include water, electricity, A/C, and trash. The building offers secure key-card garage access, a spacious lobby, and an on-site café.
Key Highlights
- Remodeled office condo suite with two private offices and one conference room
- Includes an in‑unit kitchen with sink and water service
- Tenant in place through March 2027
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 | $30.7k | $45.60 |
| − Vacancy | −$6.9k | −$10.26 |
| EGI | $23.8k | $35.34 |
| − OpEx | −$6.0k | −$8.84 |
| NOI | $17.9k | $26.51 |
674 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$255.2K
$223.3K – $297.7K
NOI $17,864 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,936 @ 7.0% cap · market cap 7.36%
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 - Remodeled office condo suite with two private offices, conference room, and in-unit kitchen, plus two assigned covered parking spaces.
Where is this office units located?
The property is located at 717 Ponce De Leon Blvd Unit 206 Coral Gables, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Remodeled office condo suite with two private offices and one conference room; Includes an in‑unit kitchen with sink and water service; Tenant in place through March 2027
