Commercial Sale · Mixed Use
1627 SW 37th Ave # 1, Miami FL 33145, MIAMI, FL, 33145
Active75 days on marketListed Jun 1, 2026MLS #A12028876
About this property
The property at a glance
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!!
1,107
Building sq ft
$452
Price / sq ft
1,107
Lot sq ft
2004
Year built
1
Building
6100
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
5.6%
Cap rate
$28,000
Net operating income
$45,000
Gross income (yr)
1 To 3 Year Lease,Annual Lease,Month To Month
Lease term
Estimated payment (illustrative)
Estimated payment
$2,950/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Angela to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
40,864
Population
$83,194
Median income
43
Median age
2
Avg household
$548,495
Median home value
$1,905/mo
Median rent
4,292
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Seeking peace and well-being through meditation, gratitude and spirituality.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
Recent sales
What actually sold near 1627 SW 37th Ave # 1
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$45
1600 Ponce De Leon Blvd # D, Coral Gables FL 33134
Sold Apr 28, 2025
$1,650
497 NW 27th Ave # 497, Miami FL 33125
Sold Jan 10, 2025
$5,925,000
2635 SW 12th St, Miami FL 33135
Sold Mar 7, 2025
Your team
The pros in your corner
Your agent
Angela Rodriguez
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1627 SW 37th Ave # 1 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1627 SW 37th Ave # 1.
See it in person
Schedule a tour
Live availability from Angela's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of MJ Estates, Inc. · Mauricio Jalil. MLS #A12028876.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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