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2030 S Douglas RD #216 Coral Gables, FL 33134
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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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Bought with Elizabeth Maloff Lee Maloff Realty Inc
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