Two-Unit Office
717 Ponce De Leon Blvd #323, Coral Gables, FL 33134
For Sale
$300,000
Covered, gated parking and distinct mailing addresses provide practical flexibility for office occupancy.
Property Size534 SF
Price / SF$561.80
Days on Market11
Property Features for 717 Ponce De Leon Blvd #323
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Office Units
Property Use
Building Details
Building Size
Year Built
Units
Listing Agency:
Cespedes Realty LLC
(305) 603-7739
Listed By:
David Cespedes · License FL #3253120
(786) 326-4574
Source:
Aimcapitalrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 10 at 2:18AM
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
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Investment Insights
Based on property information with market context.
This office condominium contains two units that can function as separate premises or be combined for a single operation. Each unit has its own mailing address. The building was constructed in 1971, and covered, gated parking is available to occupants.
At 717 Ponce De Leon Blvd in Coral Gables, a trolley stop is positioned directly outside the building. Association fees cover electricity, water, and exterior maintenance, while nearby Coral Gables amenities add to the property's setting.
At 717 Ponce De Leon Blvd in Coral Gables, a trolley stop is positioned directly outside the building. Association fees cover electricity, water, and exterior maintenance, while nearby Coral Gables amenities add to the property's setting.
Key Highlights
- Two office units can be occupied separately or combined
- Each unit has its own mailing address
- Association fees cover electricity, water, and exterior maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,901
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,020
$298.0K
Cap Rate 7%
$212,871
$212.9K
Cap Rate 9%
$165,567
$165.6K
Market Conditions
NOI Build-Up for 534 SF
Gross rent
$23.7K $44.40/SF
− Vacancy
−$3.8K −$7.19/SF
EGI
$19.9K $37.21/SF
− OpEx
−$5.0K −$9.30/SF
NOI
$14.9K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,020
Cap Rate 7%
$212,871
Cap Rate 9%
$165,567
Alternative Uses
Best Use
Office B
$212.9K
$186.3K – $248.4K
NOI $14,901 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
3,128
Businesses Nearby
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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
$660,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Coral Gables, FL
Properties on Market for Office Units in Coral Gables
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Covered, gated parking and distinct mailing addresses provide practical flexibility for office occupancy.
Where is this office unit located?
The property is located at 717 Ponce De Leon Blvd #323 Coral Gables, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two office units can be occupied separately or combined; Each unit has its own mailing address; Association fees cover electricity, water, and exterior maintenance
