Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cutler Bay Duplex Ready Now Title is generated by Realmo AI

    20044 SW 87th Pl -, Cutler Bay, FL 33189

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr

    Two-bedroom, two-bath duplex unit available for rent.

    Type:Multi Family
    Added:
    Apr 14, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 14 at 6:34 am

    Property Features for 20044 SW 87th Pl -

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Norys Acosta
    Norys Acosta

    Listing agent Norys Acosta License #0589240

    Listing office

    Listing date Apr 14, 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 Norys Acosta

    HighLights

    • Move‑in ready condition with fresh paint and remodeled bathrooms.
    • Convenient location off Old Cutler Rd, near restaurants, markets, and strip malls.
    • Spacious living‑dining area.
    • One‑story duplex layout.
    • All‑tile flooring throughout.
    • Low move‑in costs: First month & just 1 month security deposit (with good credit).

    Overview

    This is a one-story duplex unit featuring two bedrooms and two bathrooms. The property has been freshly painted and includes tile flooring throughout. The bathrooms have been remodeled, and there is a spacious living-dining area. Located off Old Cutler Road, the property is situated in a quiet area and is close to restaurants, markets, and strip malls in Cutler Bay, Florida. The location is considered car-dependent with minimal transit options, but is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cutler Bay
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.33362
    Latitude
    25.580404

    Nearby Similar for Lease

    • $3,500/Mo
      1,500 SF

      Cutler Bay Industrial Warehouse Space

      Industrial warehouse space for rent in Cutler Bay, Florida.
      10780 SW 190th St, Cutler Bay, FL 33157
      View Details
    • $30 SF/Yr
      10,601 SF

      Retail Space on Dixie Highway

      Move-in ready retail space with high traffic exposure.
      19485 S Dixie Hwy, Cutler Bay, FL 33157
      View Details
    • $16 SF/Yr
      22,166 SF

      Cutler Bay Warehouse Space Available

      Small bay industrial spaces for lease in Cutler Bay.
      10810 SW 188th St, Cutler Bay, FL 33157
      View Details
    • $1,750/Mo

      Cutler Bay Warehouse For Rent

      Warehouse near US 1 and Florida Turnpike available for rent.
      18563 SW 104th Ave, Cutler Bay, FL 33157
      View Details
    • $43 SF/Yr
      7,000 SF

      Turnkey Auto Service Facility

      7,000 SF auto service facility with five lifts.
      20390 S Dixie Hwy, Cutler Bay, FL
      View Details
    • $22 SF/Yr
      1,360 SF

      Industrial Condo in Cutler Bay

      1,360 SF industrial condo for lease in Cutler Bay.
      19101 SW 108th Ave # 17, Cutler Bay, FL 33157
      View Details
    • $2,500/Mo

      High-Visibility Flex Space Available

      Flex space with high visibility and traffic, near US 1.
      18533 SW 104th Ave 3b, Cutler Bay, FL 33157
      View Details
    • $12 SF/Yr

      Miami Duplex Rental Home

      Comfortable duplex with outdoor living, convenient location in Miami.
      19851 SW 103rd Ct 19851, Cutler Bay, FL 33157
      View Details
    • $32 SF/Yr
      18,152 SF

      Retail Space in Growing Area

      Retail space in a neighborhood center with ample parking.
      10900 SW 184th St, Cutler Bay, FL
      View Details
    • Contact for pricing
      3,012 SF

      Retail Space in Cutler Bay

      Retail space available in a prime shopping center location.
      19401-19415 S Dixie Hwy, Cutler Bay, FL
      View Details
    • Contact for pricing
      1,500 SF

      Cutler Bay Warehouse For Rent

      Industrial warehouse space available in Cutler Bay, 1500 square feet.
      10780 SW 190th St # 12, Cutler Bay, FL 33157
      View Details
    • $29 SF/Yr
      2,200 SF

      Restaurant Space on S Dixie

      2,200 SF restaurant space with high visibility.
      19325-19371 S Dixie Hwy, Cutler Bay, FL
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-bedroom, two-bath duplex unit available for rent.
    Where is this duplex located?
    The property is located at 20044 SW 87th Pl - Cutler Bay, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Move‑in ready condition with fresh paint and **remodeled bathrooms**.; Convenient location off Old Cutler Rd, near restaurants, markets, and strip malls.; **Spacious living‑dining area.**
    (786) 256-3173
    We can help!
    Listing Contact
    Norys Acosta
    Norys Acosta
    Real Estate License ID: 0589240
    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
    20044 SW 87th Pl -, Cutler Bay, FL 33189
    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!