Duplex-Style Office
717 Ponce De Leon Boulevard #323 Coral Gables, FL 33134
717 Ponce De Leon Boulevard #323, Coral Gables, FL, 33134
$355,000
For Sale
$355,000
Two flexible office units can be used together or separately, with gated covered parking and association-covered utilities.
Property Size534 SF
Price / SF$664.79
Days on Market40
Property Features for 717 Ponce De Leon Boulevard #323
General Information
- Standard status
- Active
- Size
- 534 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing Agency
CESPEDES REALTY LLC
Listed by
DAVID CESPEDES · License #A12003162
Source
Corcoran
Added: Jun 9 Checked: Jul 18 at 2:25 am
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 CESPEDES REALTY LLC
Investment Insights
Based on property information with market context.
This duplex-style office condominium consists of two units, designed to be operated as a single combined space or separately as independent offices. Each unit has its own mailing address, supporting flexible occupancy arrangements for a small firm or a business that wants to retain one space while leasing the other. Association fees include electricity, water, and exterior maintenance, helping simplify recurring operating costs. Covered, gated parking is available for tenants and visitors.
The property is located on Ponce De Leon Boulevard in Coral Gables, with convenient access to area amenities. A trolley stop is located directly in front of the building, adding transit convenience for daily commuting.
For buyers or tenants, the layout lends itself to a range of professional uses where an owner-occupant can control part of the premises and potentially generate additional rental income from the second unit. The combination of gated parking, covered access, and association-managed utilities and exterior maintenance supports a practical, low-hassle operating setup.
The property is located on Ponce De Leon Boulevard in Coral Gables, with convenient access to area amenities. A trolley stop is located directly in front of the building, adding transit convenience for daily commuting.
For buyers or tenants, the layout lends itself to a range of professional uses where an owner-occupant can control part of the premises and potentially generate additional rental income from the second unit. The combination of gated parking, covered access, and association-managed utilities and exterior maintenance supports a practical, low-hassle operating setup.
Key Highlights
- Duplex‑style office condominium with two units that can be used together as one space or separately with independent mailing addresses
- Ideal for a professional firm: occupy one unit and lease the other for additional income potential
- Association fees include electricity, water, and exterior maintenance
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 | $24.4k | $45.60 |
| − Vacancy | −$5.5k | −$10.26 |
| EGI | $18.9k | $35.34 |
| − OpEx | −$4.7k | −$8.84 |
| NOI | $14.2k | $26.51 |
534 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$202.2K
$176.9K – $235.9K
NOI $14,154 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.9K
$237.1K – $316.1K
NOI $18,964 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two flexible office units can be used together or separately, with gated covered parking and association-covered utilities.
Where is this office units located?
The property is located at 717 Ponce De Leon Boulevard #323 Coral Gables, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Duplex‑style office condominium with two units that can be used together as one space or separately with independent mailing addresses; Ideal for a professional firm: occupy one unit and lease the other for additional income potential; Association fees include electricity, water, and exterior maintenance
