Office Suite with
New
For Sale
$870,000
905b-2020 Ponce De Leon Blvd, Coral Gables, FL 33134
Five private offices, a reception area, kitchenette, and private bathroom support a range of office operations.
Property Size1,171 SF
Price / SF$742.95
Days on Market4
Property Features for 905b-2020 Ponce De Leon Blvd
General Information
Standard status
Active
Size
1,171 SF
Total Parking Spaces
3
Elevators
Yes
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$13,398
Amenities
reception area
kitchenette
private bathroom
balcony
receptionist in lobby
Listing Agency:
One Sotheby's International Realty
(305) 666-0562
Listed By:
Lourdes Heinz · License #3295377
(305) 794-3041
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:21PM
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 One Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is arranged with five private offices, a reception area, a kitchenette, and a private bathroom. Air conditioning serves the space, and high ceilings contribute to an open feel. Furniture is included. A balcony wraps around the corner executive office, providing an outdoor extension of that room.
Building features include two elevators, a lobby receptionist, and three covered parking spaces. Restaurants in Coral Gables are within walking distance.
Building features include two elevators, a lobby receptionist, and three covered parking spaces. Restaurants in Coral Gables are within walking distance.
Key Highlights
- Five private offices, reception area, kitchenette, and private bathroom
- Balcony wraps around the corner executive office
- Furniture included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,037
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,740
$620.7K
Cap Rate 7%
$443,386
$443.4K
Cap Rate 9%
$344,856
$344.9K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$53.4K $45.60/SF
− Vacancy
−$12.0K −$10.26/SF
EGI
$41.4K $35.34/SF
− OpEx
−$10.3K −$8.84/SF
NOI
$31.0K $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 Rate 5%
$620,740
Cap Rate 7%
$443,386
Cap Rate 9%
$344,856
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.1K
$519.8K – $693.1K
NOI $41,587 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,178
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
Frequently Asked Questions
What type of property is this?
Office unit - Five private offices, a reception area, kitchenette, and private bathroom support a range of office operations.
Where is this office unit located?
The property is located at 905b-2020 Ponce De Leon Blvd Coral Gables, FL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Five private offices, reception area, kitchenette, and private bathroom; Balcony wraps around the corner executive office; Furniture included
