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    168 SE 1St St Miami, FL 33131

    View on Map
    Sponsored
    For Lease
    $2,800 /Mo

    Office - Miami, FL

    Type:Office
    Property size:
    850 SF
    Days on Market:
    53
    Last Refresh:
    Mar 14 at 4:06 pm

    Property Features for 168 SE 1St St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Security features
    Fire Sprinkler System, Security System
    Zoning
    6401
    APN
    01-41-38-039-0121
    Parking features
    None
    Interior features
    Fire Sprinkler System, Security System
    Size
    850 SF

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1925
    Flooring type
    Laminate, Tile, Tile - Ceramic
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Pereira

    Canvas Real Estate (954) 332-7121

    Listing agent Jennifer Pereira (954) 332-7121 License #3122233

    Listing date Jan 20, 2026

    MLS# A11949444 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Miami Office Space

    Discover a unique opportunity to secure office space in the heart of Downtown Miami, two blocks from the Brickell Financial District and 1 minute drive from the expressway. This beautifully preserved historic building offers the perfect blend of charm and modern convenience, making it ideal for businesses of all types. It features an unbeatable location. This is the ideal home for companies looking to thrive in Miami's dynamic business scene. The space could be divided, with the option to rent 850 square feet and or 200 square feet depending on the tenant needs. The property is located in Miami, FL, with the postal code 33131, in Miami-Dade County. The zoning is 6401. The property is vacant and easy to show.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Travel Business Travel Agency Xiu Steel - Borox ... Factory American Executive International Travel Agency Avance International Capital Financial Advisor Niurka Mustafá - 305 ... Real Estate Agency

    Suggested Use

    Dental Office Spa & Massage Center Restaurant Real Estate Agency Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.190716
    Latitude
    25.77333

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    FAQs

    What type of property is this?
    Office units - Office space in Downtown Miami, near Brickell Financial District.
    Where is this office units located?
    The property is located at 168 SE 1St St Miami, FL.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: - Prime Downtown Miami location, just two blocks from Brickell Financial District.; - Affordable price point for office space in a desirable area.; - Historic building with a blend of charm and modern convenience.
    (954) 332-7121
    Request Owner's contact information
    168 SE 1St St Miami, FL 33131
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    Miami, FL 33131
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    168 SE 1St St Miami, FL 33131
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    We can help!
    Listing Contact
    Jennifer Pereira
    Real Estate License ID: 3122233
    (954) 332-7121 (305) 477-1818 (786) 282-6939
    Learn more
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