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$499,900

  • For Sale
  • Active
  • Office
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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!!

Full Property Details for 1627 SW 37th Ave #CU-1

General

  • Price: $499,900
  • HOA FEE: $718/month
  • Taxes: $6,500 (2025)
  • Status: Active
  • Type: Office
  • Source: Greater_Miami
  • MLS ID: A12028876
  • Updated: 7/13/2026
  • Added to Site: 47 day(s) ago

Business

  • Business Type: Commercial/Residential Income, Office Space

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease, Annual Lease, Month To Month

Parking

  • Parking Features: Free Parking, Guest, Other, On Street

Location

  • County: Miami-Dade County
  • Building Name: Gables View Condo

Community

  • Units Assoc/Comm: 1

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Individual A/C
  • Heating Type: Central Electric

Utilities

  • Sewer: Other, Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Commercial Condo, Free Standing
  • Detached/Attached: Detached
  • Construction: Insulated
  • Stories/Levels: 9
  • Building Size: 1107
  • Current Bldg. Use: Commercial Office
  • Year Built: 2004
  • Other Struct. Feat.: Club House

Unit Information

  • Units in Complex: 1

Lot Features

  • Lot Size (Sq. Ft.): 1,107
  • Zoning: 6100

Financial Considerations

  • Association Fee: $718
  • Assoc Fee Freq.: Monthly
  • Operating Expenses: $17,000
  • Tax Amount: $6,500
  • Tax Year: 2025
  • Terms: All Cash, Conventional/Refinance, Owner Will Carry
  • Tenant Pays: A/C & Heating Maintenance, Electricity, Fire Liability Insurance, Inside Insurance, Interior Maintenance, Telephone

Disclosures and Reports

  • Special Conditions: Sale
  • Documents Avail.: Copy Of Lease(S)
  • Legal Description: GABLES VIEW CONDO UNIT CU-1 UNDIV 1107/77627 INT IN COMMON ELEMENTS OFF REC 22074-1684 COC 24469-4737 04 2006 1
  • Property ID: 01-41-09-083-0790

Listed by MJ Estates, Inc.

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Listing agent

— 1627 SW 37th Ave #CU-1 —

  • MJ Estates, Inc.

Manager@mjestates.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1627 SW 37th Ave #CU-1

School District:Dade County School District
NameGradesDistance
Coral Gables Preparatory Academy
105 Minorca Avenue, Coral Gables, FL 33134
PK-50.3 mi
Ponce De Leon Middle School
5801 Augusto Street, Coral Gables, FL 33146
6-82.9 mi
Coral Gables Senior High School
450 Bird Road, Coral Gables, FL 33146
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1627 SW 37th Ave #CU-1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/01/2026
Listed
$499,900
266.23%
MLS
5/24/2013
Sold
$136,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1627 SW 37th Ave #CU-1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,527
—
$326,565
—
2024
$6,542
-3%
$326,565
—
2023
$6,713
2%
$326,565
5%
2021
$6,586
-2%
$309,960
-5%
2022
$6,732
2%
$326,565
5%
2019
$6,617
7%
$309,960
8%
2018
$6,156
6%
$286,332
-6%
2017
$5,823
4%
$304,425
29%
2016
$5,619
10%
$236,639
10%
2015
$5,123
16%
$215,127
10%
2014
$4,435
48%
$195,570
60%
2013
$2,999
—
$122,584
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by MJ Estates, Inc.

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1627 SW 37th Ave #CU-1, Miami, FL 33145 (MLS# A12028876) is a Office property. 1627 SW 37th Ave #CU-1 is currently listed for $499,900 and was received on June 01, 2026. Want to learn more about 1627 SW 37th Ave #CU-1? Do you have questions about finding other Office real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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