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    4151 NW 2nd Ave Miami, FL 33127

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    Claim this Listing
    New
    For Lease
    $40 SF/Yr

    Office - Miami, FL

    Type:Office
    Property size:
    6,130 SF
    Added:
    Apr 27, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 28 at 3:06 am

    Property Features for 4151 NW 2nd Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    4801
    Parking
    10
    Security features
    Security System
    Interior features
    Security System
    Standard status
    Active
    APN
    01-31-24-020-0120
    Size
    6,130 SF

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1969
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Tarek Turjuman

    Listing agent Tarek Turjuman License #3246778

    Listing office Florida Realty of Miami Corp 9415 SW 72nd St, Miami, FL

    Listing date Apr 27, 2026

    MLS# A11997637 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.

    Overview

    Miami Flex Space with Studio

    This flex space in Miami, Florida, features a film studio with offices and dressing rooms, offering a potential office/warehouse combination. The building encompasses approximately 6,130 square feet, with around 2,400 square feet designated as office space. This area includes a reception area, four private offices, a conference room, a dressing room, and three bathrooms. The soundproof studio spans approximately 3,700 square feet and features 22-foot high ceilings, a lighting rail, a high-capacity electric transformer, and an infinity screen. The lease also includes an adjacent commercial parking lot of 6,000 square feet. The property is situated between Midtown, Wynwood, the Design District, and Little Haiti, with convenient access to the highway. The zoning is 4801.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auricle Studios Miami Recording Studio MMC Multimedia Film Production Media Monsters Film Production P&Z Roofing Services Roofing Company The Wall Interactive Advertising Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Dream Team Catering — 1090 NW 36th St, Miami, FL 33127
    • 305 barbcue caterring — 553 NW 35th St, Miami, FL 33127
    • J and H Catering & Private Chef — 650 NE 32nd St #4005, Miami, FL 33137
    • Jet Set Caterers — 425 ne 30th st, miami, fl 33137
    • Nonna Francesca LLC — 600 NE 36th St, Miami, FL 33137

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.190796
    Latitude
    25.814376

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    FAQs

    What type of property is this?
    Flex space - Flex space with offices, studio, and parking in Miami.
    Where is this flex space located?
    The property is located at 4151 NW 2nd Ave Miami, FL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Soundproof studio with **22 FT high ceilings**, lighting rail, high capacity electric transformer and infinity screen.; Includes adjacent **6000 SF commercial parking lot.**; Versatile space suitable for film studio, office, or warehouse use.
    (305) 984-0316
    We can help!
    Listing Contact
    Tarek Turjuman
    Real Estate License ID: 3246778
    Learn More
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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
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