Office Suite with Assigned
For Sale
$349,000
Pending
814 Ponce De Leon Blvd #219, Coral Gables, FL 33134
Professional workspace in a boutique building with a dedicated parking space and access to nearby dining, retail, and transit.
Property Size491 SF
Days on Market458
Property Features for 814 Ponce De Leon Blvd #219
General Information
Standard status
Pending
Size
491 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Public Transit
Yes
Building Details
Year Built
1971
Listing Agency:
REAL ESTATE SALES FORCE
Listed By:
JULIANA YEPES LLC · License #A11816567
(305) 896-8358
Source:
Corcoran
Added: Jun 5, 2025
Changed: Aug 29
Last Checked: Jul 3 at 3:41PM
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 REAL ESTATE SALES FORCE
Investment Insights
Based on property information with market context.
This 491-square-foot office suite occupies a boutique commercial building and includes one assigned parking space. The property is designated for office use and cannot accommodate medical use.
The suite is located at 814 Ponce De Leon Blvd in Coral Gables, near Miracle Mile’s dining and shopping, as well as banks and restaurants. Public transportation options include the Coral Gables Trolley and Metrorail, providing access to the surrounding area.
The suite is located at 814 Ponce De Leon Blvd in Coral Gables, near Miracle Mile’s dining and shopping, as well as banks and restaurants. Public transportation options include the Coral Gables Trolley and Metrorail, providing access to the surrounding area.
Key Highlights
- 491‑square‑foot office suite in a boutique building
- One assigned parking space included
- Located at 814 Ponce De Leon Blvd, Coral Gables, FL 33134
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,280
$260.3K
Cap Rate 7%
$185,914
$185.9K
Cap Rate 9%
$144,600
$144.6K
Market Conditions
NOI Build-Up for 491 SF
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.
Gross rent
$22.4K $45.60/SF
− Vacancy
−$5.0K −$10.26/SF
EGI
$17.4K $35.34/SF
− OpEx
−$4.3K −$8.84/SF
NOI
$13.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,280
Cap Rate 7%
$185,914
Cap Rate 9%
$144,600
Alternative Uses
Best Use
Office B
$185.9K
$162.7K – $216.9K
NOI $13,014 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.1K
$218.0K – $290.6K
NOI $17,437 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Professional workspace in a boutique building with a dedicated parking space and access to nearby dining, retail, and transit.
Where is this office units located?
The property is located at 814 Ponce De Leon Blvd #219 Coral Gables, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 491‑square‑foot office suite in a boutique building; One assigned parking space included; Located at 814 Ponce De Leon Blvd, Coral Gables, FL 33134
