Renovated 20-Unit
807 Alton Rd, Miami Beach, FL 33139
For Sale
$6,500,000
Furnished units offer kitchens or kitchenettes, Wi-Fi, modern interiors, and on-site laundry.
Property Size14,518 SF
Price / SF$447.72
Days on Market334
Property Features for 807 Alton Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
full kitchens or kitchenettes
Wi-Fi
on-site laundry
Building Details
Building Size
Year Built
Listing Agency:
Compass Florida, LLC
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Source:
Casacollectiongroup
Added: Dec 11, 2025
Changed: Nov 3
Last Checked: Nov 8 at 2:33PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 14,518-square-foot hotel property was built in 1945 and includes 20 renovated, fully furnished units. Individual accommodations feature modern interiors, efficient layouts, and guest-oriented amenities such as full kitchens or kitchenettes, Wi-Fi, and on-site laundry.
The property is located at 807 Alton Rd in Miami Beach, along Alton Road between 8th and 9th Street. Nearby destinations identified for the property include Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach retail and dining areas.
The property is located at 807 Alton Rd in Miami Beach, along Alton Road between 8th and 9th Street. Nearby destinations identified for the property include Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach retail and dining areas.
Key Highlights
- 20‑unit hospitality property with 14,518 square feet
- 20 renovated, fully furnished units
- Full kitchens or kitchenettes in the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,285
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,505,700
$4.5M
Cap Rate 7%
$3,218,357
$3.2M
Cap Rate 9%
$2,503,167
$2.5M
Market Conditions
NOI Build-Up for 14,518 SF
Gross rent
$439.0K $30.24/SF
− Vacancy
−$29.4K −$2.03/SF
EGI
$409.6K $28.21/SF
− OpEx
−$184.3K −$12.70/SF
NOI
$225.3K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,505,700
Cap Rate 7%
$3,218,357
Cap Rate 9%
$2,503,167
Alternative Uses
Best Use
Apartment 5plus
$3.22M
$2.82M – $3.75M
NOI $225,285 @ 7.0% cap · market cap 3.47%
Second Best
Hotel Hospitality
$744.8K
$651.7K – $868.9K
NOI $52,134 @ 7.0% cap · market cap 0.80%
Theoretical Best
Office A
$7.93M
$6.94M – $9.25M
NOI $554,955 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
5,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Hotels in Miami Beach, FL
Properties on Market for Hotels in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - Furnished units offer kitchens or kitchenettes, Wi-Fi, modern interiors, and on-site laundry.
Where is this hotel located?
The property is located at 807 Alton Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 20‑unit hospitality property with 14,518 square feet; 20 renovated, fully furnished units; Full kitchens or kitchenettes in the units
