Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Studio For Rent Title is generated by Realmo AI

    315 NW 59th St 1, Miami, FL 33127

    View on Map
    Claim this Listing
    For Lease
    $1,500 /Mo

    Studio for rent including water, internet, and electricity.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 15 at 11:53 pm

    Property Features for 315 NW 59th St 1

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Olga Dreke

    Listing agent Olga Dreke

    Listing office

    Listing date Apr 15, 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 Olga Dreke

    HighLights

    • Very Walkable location (Walk Score: 84)
    • Rent includes water, internet, and electricity
    • Spacious studio apartment
    • Good Transit options (Transit Score: 51)
    • Bikeable area (Bike Score: 63)
    • Building built in 1946

    Overview

    This is a spacious studio available for rent. The rental price includes water, internet, and electricity. The property has a bike score of 63, indicating it is bikeable. The walk score is 84, classifying it as very walkable. The transit score is 51, suggesting good transit options are available.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -80.20253
    Latitude
    25.829704

    Nearby Similar for Lease

    • $2,600/Mo
      1,088 SF

      Kendall Office Space For Lease

      Professional office space in Kendall, ready for immediate occupancy.
      13406 SW 128th St, Miami, FL 33186
      View Details
    • $2,284/Mo
      281 SF

      Updated Office Suites in Brickell

      Private office suites with flexible lease terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • $1,233/Mo
      281 SF

      Updated Office Suites in Brickell

      Private office suites with flexible lease terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • $3,734/Mo
      281 SF

      Megacenter Brickell Office Suites

      Private office suites with flexible lease terms in Brickell.
      420 SW 7th St, Miami, FL 33130
      View Details
    • $706/Mo
      281 SF

      Updated Office Suites in Brickell

      Private office suites with flexible lease terms and city views.
      420 SW 7th St, Miami, FL 33130
      View Details
    • $5,600/Mo
      433 SF

      Updated Office Suites in Brickell

      Flexible office suites with city views and modern amenities.
      420 SW 7th St, Miami, FL 33130
      View Details
    • $56 SF/Yr
      3,188 SF

      Furnished Brickell Office Sublease

      Move-in ready office space in Brickell financial district.
      1101 Brickell Ave, Miami, FL 33131
      View Details
    • $2,500/Mo
      1,350 SF

      Doral Warehouse-Office Unit For Rent

      Industrial warehouse-office unit in Doral with excellent location.
      7311 NW 12th St, Miami, FL 33126
      View Details
    • $2,848/Mo
      1,068 SF

      Professional Office Suite in Miami

      Functional office suite in Fontainebleau area, Miami. Ideal for professionals.
      8370 W Flagler St, Miami, FL 33144
      View Details
    • $3,750/Mo
      2,000 SF

      Two-Story Warehouse with Office Suite

      Two-story warehouse layout with upgraded office areas, dedicated downstairs AC, and new LED lighting throughout.
      20125 NE 16th Place, Miami, FL 33179
      View Details
    • $3,300/Mo
      1,650 SF

      Functional Office-Warehouse in Prime Location

      1,650 SF office-warehouse in Doral, near Miami Airport.
      2355 NW 70th Ave 11, Miami, FL 33122
      View Details
    • $4,990/Mo
      609 SF

      Waterfront Office Suite in Brickell

      Furnished office space with water views in Miami's financial district.
      175 SW 7th St, Miami, FL 33130
      View Details

    FAQs

    What type of property is this?
    Residential income property - Studio for rent including water, internet, and electricity.
    Where is this residential income property located?
    The property is located at 315 NW 59th St 1 Miami, FL.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Very Walkable location (Walk Score: 84); Rent includes water, internet, and electricity; Spacious studio apartment
    (305) 302-1075
    We can help!
    Listing Contact
    Olga Dreke
    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

    Thank You for Inquiry
    315 NW 59th St 1, Miami, FL 33127
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!