Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 Sunrise Dr Key Biscayne, FL 33149

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000 /Mo

    Renovated, fully furnished one-bedroom units near the beach.

    Property Features for 201 Sunrise Dr

    General Information

    Property type
    Multi Family
    Standard status
    Active

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Guadalupe Heinz
    Guadalupe Heinz
    Source: Elliman

    Listing Agent: Guadalupe Heinz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Key Biscayne Renovated Boutique Property

    This newly renovated building in Key Biscayne offers 19 spacious one-bedroom units. The boutique property provides a private and tranquil environment, located steps from the beach. Each unit is fully furnished and thoughtfully designed for comfort, featuring modern finishes, cozy living spaces, and kitchens. The kitchens are stocked with essential cooking equipment. The property is move-in-ready. Rent includes FPL, Wifi/Cable, Parking, and Beach access. A short term tax of 13% must be added to all reservations.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Biscayne
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1598
    Latitude
    25.6984

    Nearby Similar for Lease

    • Contact for pricing
      650 SF

      Retail Space in Key Biscayne

      Retail space available at the entrance to Key Biscayne.
      93 Harbor Dr, Key Biscayne, FL 33149
      View Details
    • $0.84 SF/Yr
      1,201 SF

      Key Biscayne Retail Space For Lease

      Prime Location, 1201 sq ft, 250 Parking Spaces
      600 Crandon Blvd, Key Biscayne, FL 33149
      View Details
    • Contact for pricing

      Key Biscayne Restaurant Opportunity

      Thriving Restaurant, Prime Location
      620 Crandon Blvd, Key Biscayne, FL 33149
      View Details
    • Contact for pricing
      6,194 SF

      Commodore Plaza: Key Biscayne Office

      Prime Key Biscayne Medical & Office Space
      30 Mashta Dr, Key Biscayne, FL 33149
      View Details
    • Contact for pricing

      The Square: Prime Retail Space

      Turnkey Retail Space, High Visibility
      260 Crandon Blvd, Key Biscayne, FL 33149
      View Details
    • $114 SF/Yr
      1,782 SF

      Key Biscayne Retail Space For Lease

      Prime 1,782 SF Retail, High-Income Area
      650 Crandon Blvd, Key Biscayne, FL 33149
      View Details
    • $88 SF/Yr
      952 SF

      Key Biscayne Retail Space for Lease

      Prime Key Biscayne retail, 952 sq ft.
      624 Crandon Blvd, Key Biscayne, FL 33149
      View Details
    • Contact for pricing

      Key Biscayne Restaurant Space for Lease

      Prime location, fully equipped, immediate occupancy.
      260 Crandon Blvd, Key Biscayne, FL 33149
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Renovated, fully furnished one-bedroom units near the beach.
    Where is this short term rental property located?
    The property is located at 201 Sunrise Dr Key Biscayne, FL.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: - Steps from the beach in Key Biscayne.; - Fully furnished, move-in-ready one-bedroom units.; - All inclusive rent: FPL, Wifi/Cable, Parking, & Beach access.
    (305) 856-2600
    Request Owner's contact information
    201 Sunrise Dr Key Biscayne, FL 33149
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Sunrise Dr
    Key Biscayne, FL 33149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    201 Sunrise Dr Key Biscayne, FL 33149
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Guadalupe Heinz
    Guadalupe Heinz
    (305) 856-2600 (305) 773-8660
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!