Free-Standing Office Building with
For Sale
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815 Ponce De Leon Blvd, Coral Gables, FL 33134
Boutique free-standing office building with a tenant-occupied retail space and 30 parking spaces.
Property Size10,000 SF
Days on Market198
Property Features for 815 Ponce De Leon Blvd
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
30
Property subtype
Office
Amenities
conference room
Building Details
Building Size
10,000 SF
Year Built
1977
Stories
3
Listing Agency:
Compass Florida, LLC
Listed By:
Diego Ramos · License #3166410
(786) 300-8886
Source:
Luxeknows
Added: Apr 11
Changed: Oct 20
Last Checked: Oct 24 at 10:43PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This boutique, free-standing office building at 815 Ponce De Leon Blvd, Coral Gables, includes multiple income-producing and leasing components. The ground-level retail space is currently tenant occupied, while the renovated second floor is operating with month-to-month tenants in place. A recently renovated third floor is currently vacant and listed for lease, and it also features a brand-new, state-of-the-art conference room.
The property is approximately 5 minutes from Miracle Miles restaurant and business district. It offers one of the few office-building setups in Coral Gables with 30 parking spaces, supporting convenient on-site parking for tenants and visitors.
The property is approximately 5 minutes from Miracle Miles restaurant and business district. It offers one of the few office-building setups in Coral Gables with 30 parking spaces, supporting convenient on-site parking for tenants and visitors.
Key Highlights
- Boutique free‑standing office building in Coral Gables with a tenant‑occupied retail space
- Second floor is renovated and has month‑to‑month tenants in place
- Third floor is recently renovated, currently vacant, and listed for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,050
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,301,000
$5.3M
Cap Rate 7%
$3,786,429
$3.8M
Cap Rate 9%
$2,945,000
$2.9M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$456.0K $45.60/SF
− Vacancy
−$102.6K −$10.26/SF
EGI
$353.4K $35.34/SF
− OpEx
−$88.4K −$8.84/SF
NOI
$265.1K $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%
$5,301,000
Cap Rate 7%
$3,786,429
Cap Rate 9%
$2,945,000
Alternative Uses
Best Use
Office B
$3.79M
$3.31M – $4.42M
NOI $265,050 @ 7.0% cap · market cap 18,932.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $355,140 @ 7.0% cap · market cap 25,367.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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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 building - Boutique free-standing office building with a tenant-occupied retail space and 30 parking spaces.
Where is this office building located?
The property is located at 815 Ponce De Leon Blvd Coral Gables, FL.
What are key features of this property?
This property features: Boutique free‑standing office building in Coral Gables with a tenant‑occupied retail space; Second floor is renovated and has month‑to‑month tenants in place; Third floor is recently renovated, currently vacant, and listed for lease
