2030 S Douglas RD #216, Coral Gables, FL 33134

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Est.Price: ?

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Est. payment /mo

1,311 SqFt


Key Details

Sold Price -

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 1,311 sqft

MLS Listing ID A11934703

Sold Date -

HOA Fees $1,153/mo

HOA Y/N No

Year Built 2005

Annual Tax Amount $9,858

Tax Year 2025

Contingent None

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type Office

Property Description

Rare opportunity to acquire a premier 1,311 sf professional suite in the commercial corridor of Coral Gables . one block from Miracle Mile and steps from The plaza Coral Gables. this asset is designed for investors seeking stability. Air conditioned individualThis unit is "over-parked", featuring two assigned parking spaces city's strict requirements, providing a massive logistical advantage in this sub market. Furthermore, the building offers a competitive advantage that is nearly non existent in the area. COMPLIMENTARY VISITOR PARKING, clients and guests. Two Entrances, one in office lobby and on side office. For rent also. 2026 no assesments Purchase additional parking spaces at $30,000 each Investment highlights:*Location: The Corporate Hear of Coral Gables" Steps from Miracle Mile and Merrick Park)*Financials:6.25% CAP Rate with stabilized income until early 2027*Parking Alpha: 3 Surplus Assigned spaces PLUS Building-wide Free Visitor Parking*Amenities Exclusive pool and Fitness Center access to Owners*Size 1311 sq ft.*Office rent 2026 $4,804.14 monthly*Rent increase 5% annually starting 2027*NOI (2026): $36,143 Projected NOI 2030 $43,948*Cap Rate estimated 6.25%Currently yielding a 6.25% CAP RATE, the property is stabilized with a reliable tenant in place through early 2026.Investment highlights:Location: The "Corporate Heart" of Coral Gables, Steps from Miracle Mile and Merrick Park

Location

State FL

County Miami-dade

Community Fitness Center, Pool

Area 2410

Region Coral Gables

City Region Coral Gables

Interior

Heating Electric

Cooling Central Air

Flooring Ceramic Tile, Wood

Fireplace No

Exterior

Parking Features Assigned

Pool Community

Community Features Fitness Center, Pool

Water Access Desc Public

Road Frontage City Street

Total Parking Spaces 2

Building

Lot Description Central Business District, Corner Lot

Story 2

Water Public

Others

Pets Allowed No

Tax ID 0341080991560

Security Features Smoke Detector(s),Security Guard,Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Corporate Listing

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BeachesMLS, Inc. (FLR) VOW
Listed by Elizabeth Maloff Lee Maloff Realty Inc
Bought with Elizabeth Maloff Lee Maloff Realty Inc

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Melanie Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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