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

    641 NW 2nd St 1 Miami, FL 33128

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,499 /Mo

    Charming 2-bedroom apartment near Brickell, Downtown Miami, and Miami River.

    Type:Multi Family
    Lot size:
    0.17 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Mar 27 at 4:11 am

    Property Features for 641 NW 2nd St 1

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Fabiana Lopez Ramirez

    Listing agent Fabiana Lopez Ramirez

    Listing office

    Listing date Mar 31, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Fabiana Lopez Ramirez

    Overview

    Spacious Apartment Near Brickell, Miami

    This is a charming and spacious 2-bedroom, 1-bath first-floor apartment. It is ideally located just minutes from Brickell, Downtown Miami, and the Miami River. The unit features modern wood-style flooring, split A/C, and generous closet space. A patio area provides space for outdoor relaxation. The property is located in a gated building with secure entry. Parking spaces are located in the rear of the property. Residents have access to shared on-site laundry facilities. The location provides convenient access to dining, shopping, and entertainment options, as well as major highways and Miami International Airport.
    Location Intelligence

    Current Use by Public Records

    LE CODE Vacation Rental

    Suggested Use

    Restaurant Real Estate Agency Law Firm 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
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.205366
    Latitude
    25.77601

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront district available for lease.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • Contact for pricing

      Renovated Office Space in Miami

      Renovated office space in Miami's waterfront Four Ambassadors building.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • Contact for pricing

      Brickell Office Space with Amenities

      Office space in Brickell with waterfront views and included amenities.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • Contact for pricing

      Kendall Office Space For Rent

      Professional office space in Kendall, 1,088 SF, ready for occupancy.
      13406 SW 128th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Miami Office Space For Rent

      Well-maintained office space with modern amenities, ready for immediate occupancy.
      10769 SW 104th St, Miami, FL 33176
      View Details
    • Contact for pricing

      Versatile Commercial Space in Miami

      Adaptable space for manufacturing, storage, distribution, or office use.
      7025 NW 7th Ave, Miami, FL 33150
      View Details
    • Contact for pricing

      Little Havana Retail Space Available

      Prime retail space in vibrant Little Havana on SW 8th.
      1782 SW 8 st, Miami, FL 33174
      View Details
    • Contact for pricing

      Class A Office in Aventura

      Prestigious office space in Aventura's thriving business district.
      20200 W Dixie Hwy #1005B, Miami, FL 33180
      View Details
    • Contact for pricing

      Updated Office Suites in Brickell

      Private office suites with flexible terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • Contact for pricing

      Updated Office Suites in Brickell

      Private office suites with flexible terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • Contact for pricing

      Updated Office Suites in Brickell

      Private office suites with flexible lease terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • Contact for pricing

      Renovated Office Space in Miami

      Renovated office space with city views, utilities included, near Brickell.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details

    FAQs

    What type of property is this?
    Apartment building - Charming 2-bedroom apartment near Brickell, Downtown Miami, and Miami River.
    Where is this apartment building located?
    The property is located at 641 NW 2nd St 1 Miami, FL.
    What is the lease rate?
    The lease rate is $2,499 /Mo.
    What are key features of this property?
    This property features: Prime Location: Minutes from Brickell, Downtown Miami, and the Miami River.; Secure Building: Gated entry and dedicated parking spaces.; Modern Amenities: Enjoy wood‑style flooring and split A/C.
    We can help!
    Listing Contact
    Fabiana Lopez Ramirez
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!