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    Downtown Miami Office Space Available Title is generated by Realmo AI

    168 SE 1st St, Miami, FL 33131

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    Claim this Listing
    For Lease
    $2,800/Mo $39 SF/Yr (calc)

    Office - Miami, FL

    Type:Office
    Property size:
    850 SF
    Lot size:
    0.11 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    114
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 168 SE 1st St

    General Information

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

    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

    Listing agent Jennifer Pereira License #3122233

    Listing office Canvas Real Estate 3105 NW 107 Avenue,Suite 502, Weston, FL

    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.

    HighLights

    • Unbeatable Downtown Miami location, two blocks from Brickell Financial District and 1 minute from the expressway.
    • Affordable price point for prime downtown office space.
    • Option to rent flexible space configurations: 850 Sqft and/or 200 Sqft.
    • Beautifully preserved historic building with charm.
    • Blend of historic charm and modern conveniences.
    • Vacant and easy to show.

    Overview

    This office space is located in the heart of Downtown Miami, two blocks from the Brickell Financial District and a 1-minute drive from the expressway. The space is situated in a beautifully preserved historic building, offering a blend of charm and modern convenience. It is suitable for businesses of all types, including startups, established firms, and creative studios, seeking to thrive in Miami's dynamic business scene. The property has a lot size of 0.114 acres. The space can be divided, with options to rent 850 square feet and/or 200 square feet, depending on the tenant's needs. The property is zoned 6401. The location offers an affordable price point. The space 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: Unbeatable Downtown Miami location, two blocks from Brickell Financial District and 1 minute from the expressway.; Affordable price point for prime downtown office space.; Option to rent flexible space configurations: 850 Sqft and/or 200 Sqft.
    (954) 332-7121
    We can help!
    Listing Contact
    Jennifer Pereira
    Real Estate License ID: 3122233
    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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