Office Suite Overlooking
814 Ponce De Leon Blvd Unit 405 Coral Gables, FL 33134
For Sale
$191,000
Pending
Office suite overlooking a major boulevard; Unit 405 must be purchased with Unit 406.
Property Size411 SF
Days on Market1982
Property Features for 814 Ponce De Leon Blvd Unit 405
General Information
Standard status
Pending
Size
411 SF
Property subtype
General Commercial
Building Details
Year Built
1971
Listing Agency:
Centurion Professional Realty
(305) 283-4408
Listed By:
Vivian Duque
(305) 283-4408
Source:
Xome
Added: Feb 24, 2021
Changed: Jul 27
Last Checked: Jul 27 at 12:29PM
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 Centurion Professional Realty
Investment Insights
Based on property information with market context.
Unit 405 is an office suite with views overlooking Ponce de Leon Blvd. The offering requires the purchase of Unit 405 together with Unit 406. The unit size is 411 square feet.
The office is located at 814 Ponce De Leon Blvd in Coral Gables, FL 33134. It is available for easy showings during the week from 8:30 a.m. to 6:30 p.m. by appointment.
The office is located at 814 Ponce De Leon Blvd in Coral Gables, FL 33134. It is available for easy showings during the week from 8:30 a.m. to 6:30 p.m. by appointment.
Key Highlights
- Office suite overlooking Ponce de Leon Blvd at the entrance of Coral Gables via 8th Street
- Must be purchased together: Unit 405 must be purchased with Unit 406
- Year built: 1971
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 | $18.7k | $45.60 |
| − Vacancy | −$4.2k | −$10.26 |
| EGI | $14.5k | $35.34 |
| − OpEx | −$3.6k | −$8.84 |
| NOI | $10.9k | $26.51 |
411 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$155.6K
$136.2K – $181.6K
NOI $10,894 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.5K
$182.5K – $243.3K
NOI $14,596 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office suite overlooking a major boulevard; Unit 405 must be purchased with Unit 406.
Where is this office units located?
The property is located at 814 Ponce De Leon Blvd Unit 405 Coral Gables, FL.
What is the asking price?
The asking price for this property is $191,000.
What are key features of this property?
This property features: Office suite overlooking Ponce de Leon Blvd at the entrance of Coral Gables via 8th Street; Must be purchased together: Unit 405 must be purchased with Unit 406; Year built: 1971
