Medical Office Suite with
747 Ponce De Leon Blvd Unit 501 Coral Gables, FL 33134
For Sale
$228,999
Pending
5th-floor medical office suite with floor-to-ceiling windows, reception, waiting room, private offices, and 3 deeded parking spaces.
Property Size878 SF
Days on Market2330
Property Features for 747 Ponce De Leon Blvd Unit 501
General Information
Standard status
Pending
Size
878 SF
Property subtype
General Commercial
Building Details
Year Built
1972
Listing Agency:
(305) 343-9554
Listed By:
Douglas Elliman
(305) 343-9554
Source:
Xome
Added: Mar 13, 2020
Changed: Jul 26
Last Checked: Jul 26 at 10:37PM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
Office suite available in a well-known medical building. Located on the 5th floor, the unit features floor-to-ceiling windows and includes a reception area, waiting room, two large private offices, and an additional smaller office.
The building offers a secured lobby entrance and secured parking garage. The suite includes 3 deeded gated/covered parking spaces, along with additional street parking.
The maintenance fee includes light, air conditioning, water, insurance, electricity, and office cleaning. The office is vacant and easy to show.
The building offers a secured lobby entrance and secured parking garage. The suite includes 3 deeded gated/covered parking spaces, along with additional street parking.
The maintenance fee includes light, air conditioning, water, insurance, electricity, and office cleaning. The office is vacant and easy to show.
Key Highlights
- 5th‑floor medical office suite in a well‑known medical building in Coral Gables
- Over 900 SF with floor‑to‑ceiling windows and views of downtown Coral Gables and Downtown Miami
- Reception area, waiting room, two large private offices, and one smaller office
Financial Insights For Healthcare Medical
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 | $21.1k | $24.00 |
| − Vacancy | −$1.8k | −$2.04 |
| EGI | $19.3k | $21.96 |
| − OpEx | −$7.7k | −$8.78 |
| NOI | $11.6k | $13.18 |
878 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$332.4K
$290.9K – $387.9K
NOI $23,271 @ 7.0% cap · market cap 10.16%
Second Best
Healthcare Medical
$165.3K
$144.6K – $192.8K
NOI $11,569 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$445.4K
$389.8K – $519.7K
NOI $31,181 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Miami Animal Hospital: Yull Armando DVM — 4701 W Flagler St, Coral Gables, FL 33134
- Animal Clinic 8 & 43 — 4300 SW 8th St, Coral Gables, FL 33134
- Gables Animal Clinic — 1607 Ponce de Leon STE 105, Coral Gables, FL 33134
- Veterinarian — Little Gables, FL 33134
- Manzano Animal Clinic — 4300 SW 8th St, Miami, FL 33134
Frequently Asked Questions
What type of property is this?
Medical Office Space - 5th-floor medical office suite with floor-to-ceiling windows, reception, waiting room, private offices, and 3 deeded parking spaces.
Where is this medical office space located?
The property is located at 747 Ponce De Leon Blvd Unit 501 Coral Gables, FL.
What is the asking price?
The asking price for this property is $228,999.
What are key features of this property?
This property features: 5th‑floor medical office suite in a well‑known medical building in Coral Gables; Over 900 SF with floor‑to‑ceiling windows and views of downtown Coral Gables and Downtown Miami; Reception area, waiting room, two large private offices, and one smaller office
