Updated Office in Coral
For Sale
$450,000
717 Ponce De Leon Blvd # 328, Coral Gables, FL 33134
Updated office space in a boutique building, prime Coral Gables location.
Property Size1,253 SF
Days on Market384
Property Features for 717 Ponce De Leon Blvd # 328
General Information
Standard status
Active
Size
1,253 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,357
Building Details
Building Size
1,253 SF
Year Built
1971
Listing Agency:
Pilar Hopkins & Assoc Realty
Listed By:
M. Pilar Hopkins · License #0675645
(305) 448-4410
Source:
Vanessafrankmiami
Added: Oct 7, 2025
Changed: Oct 20
Last Checked: Oct 24 at 11:11PM
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 Pilar Hopkins & Assoc Realty
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Investment Insights
Based on property information with market context.
This updated office space is located in a boutique building in Coral Gables, Florida. The property is move-in ready and suitable for a business office or lease. The suite features wood flooring throughout, two private offices with large windows, a spacious waiting area, and a large conference meeting room. There is also a receptionist area, a storage room, and a large closet. The property includes three covered garage parking spaces. Two his and hers bathrooms are located close to the suite, and the building has two elevators. The building features a private gated parking garage entrance with key card access, a large lobby, and a small cafeteria. The property is located in a central location.
Key Highlights
- Prime Coral Gables location in a prestigious area.
- Fully updated and move‑in ready office space.
- Three included covered garage parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,211
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,220
$664.2K
Cap Rate 7%
$474,443
$474.4K
Cap Rate 9%
$369,011
$369.0K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$57.1K $45.60/SF
− Vacancy
−$12.9K −$10.26/SF
EGI
$44.3K $35.34/SF
− OpEx
−$11.1K −$8.84/SF
NOI
$33.2K $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%
$664,220
Cap Rate 7%
$474,443
Cap Rate 9%
$369,011
Alternative Uses
Best Use
Office B
$474.4K
$415.1K – $553.5K
NOI $33,211 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.7K
$556.2K – $741.7K
NOI $44,499 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
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 - Updated office space in a boutique building, prime Coral Gables location.
Where is this office unit located?
The property is located at 717 Ponce De Leon Blvd # 328 Coral Gables, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime Coral Gables location in a prestigious area.; Fully updated and move‑in ready office space.; Three included covered garage parking spaces.
