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1627 SW 37th Ave - Gables View 1,107 SF Retail Condo Unit Offered at $692,127 CAD in Miami, FL 33145
Investment Highlights
- EXCELLENT LOCATION
- EASY TO MANAGED
- 5% ANNUAL INCREASE
Executive Summary
Prime office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Mint condition interior with a spacious private restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased to an excellent tenant delivering immediate income and a hassle-free hold. Offered at an attractive 5% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable cash flow in a blue-chip location!
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 01-4109-083-0790 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 01-4109-083-0790 |
Description
Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street.
Sale Notes
PRIME LOCATION
GREAT RETURN WITH 5% ANNUAL INCREASE
LOW MANAGEMENT FEE
SELLER FINANCING
GREAT RETURN WITH 5% ANNUAL INCREASE
LOW MANAGEMENT FEE
SELLER FINANCING
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit CU-1 | 1,107 SF | Retail | $692,127 CAD ($625.23 CAD/SF) | $41,528.98 CAD |
Unit CU-1
| Unit Size |
| 1,107 SF |
| Condo Use |
| Retail |
| Price |
| $692,127 CAD ($625.23 CAD/SF) |
| NOI |
| $41,528.98 CAD |
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Unit CU-1
| Unit Size | 1,107 SF |
| Condo Use | Retail |
| Price | $692,127 CAD ($625.23 CAD/SF) |
| NOI | $41,528.98 CAD |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 01-4109-083-0790 |
| Description | |
| Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street.</li></ul> | |
| Sale Notes | |
| PRIME LOCATION<br> GREAT RETURN WITH 5% ANNUAL INCREASE<br> LOW MANAGEMENT FEE<br> SELLER FINANCING</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
Site Amenities
- 24 Hour Access
- Clubhouse
- Concierge
- Courtyard
- Fitness Center
- Pool
- Doorman
- Conference Rooms
- Elevator
- Smoke Detector
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1627 SW 37th Ave - Gables View
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