Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Near Design District Title is generated by Realmo AI

    231 NE 45th St, Miami, FL 33137

    View on Map
    Claim this Listing
    New
    For Lease
    $7,400 /Mo

    Office - Miami, FL

    Type:Office
    Lot size:
    0.17 Acres
    Added:
    May 11, 2026
    Days on Market:
    4
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 231 NE 45th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    0104
    Standard status
    Active
    APN
    01-32-19-007-0190
    Lot size
    0.17 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    We can help!

    Listing Contact
    Luis Urcuyo
    Luis Urcuyo

    Listing agent Luis Urcuyo License #3226256

    Listing office Beachfront Realty Inc 18205 Biscayne Blvd Ste 2205, Miami Beach, FL

    Listing date May 11, 2026

    MLS# A12016714 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

    • Prime location: Just two blocks from the Design District.
    • Fully renovated: Enjoy a new barrel roof, HVAC, kitchen, washer/dryer, and impact windows/doors.
    • Entertainer's backyard: Features a new Jacuzzi and modern pergola with built‑in BBQ, refrigerator, and sink.
    • Private and spacious lot: 7,475 sq.ft. with lush landscaping and complete privacy hedges.
    • Modern amenities: Includes an electric vehicle charging station.
    • Low‑maintenance yard: Completely covered in high‑quality turf.

    Overview

    This remodeled home/office is situated just two blocks from the Design District on a 7,475 sq.ft. lot. The property features lush Bermuda grass and podocarpus hedges for privacy. A modern driveway includes an electric vehicle charging station. The interior includes hurricane-impact windows and doors, a new barrel roof, a new HVAC system, and a renovated kitchen with new cabinets, countertops, and appliances, as well as a new washer and dryer. The fully fenced backyard includes a modern pergola with a built-in BBQ, refrigerator, and sink. A new jacuzzi has been installed. The yard is covered in high-quality turf, offering an outdoor space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19069
    Latitude
    25.817362

    Nearby Similar for Lease

    • $2,700/Mo

      Kendall Office Space Available

      Professional office condo in Kendall, ready for immediate occupancy.
      13406 SW 128th St, Miami, FL 33186
      View Details
    • $56 SF/Yr

      Furnished Brickell Office Sublease

      Move-in ready office space in Brickell financial district.
      1101 Brickell Ave, Miami, FL 33131
      View Details
    • $1,400/Mo

      Renovated Office Space in Miami

      Renovated office space for lease in a prime Miami location.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • $2,700/Mo

      Renovated Office Space in Miami

      Lease includes utilities, amenities, and shared facilities near Brickell.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • $1,600/Mo

      Brickell Office Space Available

      Office space in Brickell with waterfront views and amenities.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $3,300/Mo

      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
    • $1,995/Mo

      Remodeled Office Space with Balconies

      Completely remodeled office unit with two balconies available for rent.
      5455 SW 8 ST, Miami, FL 33134
      View Details
    • $1,395/Mo

      Move-in Ready Miami Office Space

      Remodeled office space with excellent frontage and ample parking.
      5455 SW 8 ST, Miami, FL 33134
      View Details
    • $3,300/Mo

      Miami Flex Space For Rent

      Office-warehouse combination near major expressways and Miami International Airport.
      2355 NW 70th Ave, Miami, FL 33122
      View Details
    • $14,500/Mo

      Little Havana Retail/Office Opportunity

      Two-story, 6,500 SF building in high-traffic Little Havana.
      1730 W Flagler St, Miami, FL 33135
      View Details
    • $26 SF/Yr

      Miami Industrial/Flex Unit Sublease

      Well-located industrial/flex unit for sublease in Miami.
      3108 NW 72nd Ave, Miami, FL 33122
      View Details
    • $7,000/Mo

      Coral Gables Office Space Available

      Office spaces for lease in Coral Gables, multiple business purposes.
      4751 W Flagler St, Miami, FL 33134
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office/home on a spacious lot near the Design District.
    Where is this office units located?
    The property is located at 231 NE 45th St Miami, FL.
    What is the lease rate?
    The lease rate is $7,400 /Mo.
    What are key features of this property?
    This property features: Prime location: Just two blocks from the Design District.; Fully renovated: Enjoy a new barrel roof, HVAC, kitchen, washer/dryer, and impact windows/doors.; Entertainer's backyard: Features a new Jacuzzi and modern pergola with built‑in BBQ, refrigerator, and sink.
    (305) 405-0615
    We can help!
    Listing Contact
    Luis Urcuyo
    Luis Urcuyo
    Real Estate License ID: 3226256
    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
    231 NE 45th St, Miami, FL 33137
    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!