Remodeled Office
For Sale
$315,000
717 Ponce De Leon Blvd # 206, Coral Gables, FL 33134
Remodeled office condo with in-suite kitchen, two assigned covered parking spaces, and a tenant in place through March 2027.
Property Size674 SF
Price / SF$467.36
Days on Market216
Property Features for 717 Ponce De Leon Blvd # 206
General Information
Standard status
Active
Size
674 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Office
Occupancy
100%
Amenities
key-card garage access
spacious lobby
on-site cafe
Building Details
Building Size
674 SF
Year Built
1971
Tenancy
Single
Owner Occupied
No
Listing Agency:
HERA Group
(305) 970-3516
Listed By:
Michael Delgado · License #3375282
Source:
Allyandaj
Added: Dec 28, 2025
Changed: Jul 30
Last Checked: Aug 1 at 11:13AM
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 HERA Group
Investment Insights
Based on property information with market context.
Remodeled office condo in a full-service building, currently leased with a tenant in place through March 2027. Unit 206 offers an efficient layout with two main offices, a conference room, potential cubicle space, and a fully equipped in-unit kitchen with a sink and water service. Two restrooms are located nearby on the floor, and the suite is serviced by elevator access.
The building includes water, electricity, A/C, and trash included in HOA fees, along with secure key-card garage access. The lobby is spacious and there is an on-site cafe. Two assigned covered garage parking spaces are included, supporting convenient daily access.
Located at 717 Ponce de Leon Blvd near Ponce de Leon Blvd & 8th Street (Calle Ocho), the property is two blocks from Le Jeune Road in the Coral Gables corridor.
The building includes water, electricity, A/C, and trash included in HOA fees, along with secure key-card garage access. The lobby is spacious and there is an on-site cafe. Two assigned covered garage parking spaces are included, supporting convenient daily access.
Located at 717 Ponce de Leon Blvd near Ponce de Leon Blvd & 8th Street (Calle Ocho), the property is two blocks from Le Jeune Road in the Coral Gables corridor.
Key Highlights
- Leased with tenant in place through March 2027
- Unit 206 layout: two main offices plus a conference room
- Fully equipped in‑unit kitchen with sink and water service
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 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,936 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,128
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office condo with in-suite kitchen, two assigned covered parking spaces, and a tenant in place through March 2027.
Where is this office units located?
The property is located at 717 Ponce De Leon Blvd # 206 Coral Gables, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Leased with tenant in place through March 2027; Unit 206 layout: two main offices plus a conference room; Fully equipped in‑unit kitchen with sink and water service
