Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unfurnished Apartment Near Barry University Title is generated by Realmo AI

    287 NE 118th Ter D, Miami, FL 33161

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,400 /Mo

    One-bedroom apartment with utilities included, near Barry University.

    Type:Multi Family
    Lot size:
    0.22 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 26 at 4:15 am

    Property Features for 287 NE 118th Ter D

    General Information

    Standard status
    Active
    Lot size
    0.22 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Rachel Kosmac
    Rachel Kosmac

    Listing agent Rachel Kosmac License #3362962

    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 Rachel Kosmac

    HighLights

    • All utilities included: water, electric, and internet.
    • Convenient location near Barry University, public transportation, highways, shopping, and restaurants.
    • Newly updated bathroom and fresh paint throughout.
    • Shared on‑site laundry.
    • Tile flooring throughout for easy maintenance.
    • Available immediately.

    Overview

    This is a 1-bedroom, 1-bath unfurnished apartment situated in a quiet neighborhood. The unit is well-maintained and features tile flooring throughout. A refrigerator is included. Shared on-site laundry facilities are available. All utilities, including water, electric, and internet, are included. The bathroom has been newly updated, and the interior has fresh paint. The apartment is conveniently located near Barry University, public transportation, major highways, shopping centers, and local restaurants. It is available immediately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mortgage 123 Inc Loan Service

    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
    -80.19185
    Latitude
    25.884321

    Nearby Similar for Lease

    • $2,700/Mo
      1,088 SF

      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
      3,188 SF

      Furnished Brickell Office Sublease

      Move-in ready office space in Brickell financial district.
      1101 Brickell Ave, Miami, FL 33131
      View Details
    • $1,400/Mo
      1,000 SF

      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
      1,500 SF

      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
      800 SF

      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
      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
    • $1,995/Mo
      1,175 SF

      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
      567 SF

      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
      1,650 SF

      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
      6,500 SF

      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
      1,097 SF

      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
      700 SF

      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?
    Multifamily property - One-bedroom apartment with utilities included, near Barry University.
    Where is this multifamily property located?
    The property is located at 287 NE 118th Ter D Miami, FL.
    What is the lease rate?
    The lease rate is $1,400 /Mo.
    What are key features of this property?
    This property features: All utilities included: water, electric, and internet.; Convenient location near Barry University, public transportation, highways, shopping, and restaurants.; Newly updated bathroom and fresh paint throughout.
    (954) 483-7681
    We can help!
    Listing Contact
    Rachel Kosmac
    Rachel Kosmac
    Real Estate License ID: 3362962
    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
    287 NE 118th Ter D, Miami, FL 33161
    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!