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    538 Meridian Ave Miami Beach, FL 33139

    For Sale
    $12,500,000
    Added:
    Dec 11, 2024
    Days on Market:
    366

    Property Features for 538 Meridian Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    5

    HighLights

    • Price: $12,500,000, CAP Rate: 4.8%
    • Building Area: Approximately 18,301 square feet (1,700 square meters), Lot Size: 7,000 square feet (650 square meters)
    • Year Built: 2019, NOI: $601,740
    • Triple‑Net (NNN) Lease: Tenant responsible for all operating expenses, including property taxes, insurance, and maintenance.
    • Lease Terms: 5‑year lease remaining with 3.5% annual rent increases. No extension options.
    • Tenant: CVC Corp, a major Latin American travel group, providing strong creditworthiness.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1364011
    Latitude
    25.7753881

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    FAQs

    Where is this hotel located?
    The property is located at 538 Meridian Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: Price: $12,500,000, CAP Rate: 4.8%; Building Area: Approximately 18,301 square feet (1,700 square meters), Lot Size: 7,000 square feet (650 square meters); Year Built: 2019, NOI: $601,740
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    538 Meridian Ave Miami Beach, FL 33139
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