New search
Property profile & analytics
OFF-MARKET
Estimated value
$36,000,000
Hotels
1000 42nd Ave Miami, FL 33126-3645
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8480952
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
CONCRETE
Total area
108,187 SF
Lot
3.8 ac (165,394 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3132-021-0020
UPID
US18-8480952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Regency Miami Airport by Sonesta Hotel & Motel
-
Paseo de las Artes at Regency Miami Airport Theater & Performing Art Venue
-
Flanigan's Restaurant
-
Le Club Mia Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$36.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.70M
Blend (final)
Blend
$36.00M
Owner & transaction history
Mg Regency Airport LLC · 1 yrs held
Mg Regency Airport LLC
since 2024
Last sale
$36.0M
4 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$58.1M
+14.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$36,000,000
ML approach
$36,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$50,695,000
Current use
OFFICE BUILDING
$58,105,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$47,515,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$36.00M
Range $32.40M – $39.60M · ±10% · vs last sale $36.00M (Sep 3 2024)
Last sale anchor
$36.00M
Sep 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$333 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$286,576
Tax year 2023
Assessed value
$15,600,000
Assessed 2023
Previous assessed
$15,600,000
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$6,615,760
Assessed improvement
$8,984,240
Land market value
$6,615,760
Improvement market value
$8,984,240
Total market value
$15,600,000
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
176
Bathrooms
180
Total area
108,187 SF
Lot
3.8 ac (165,394 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3132-021-0020
UPID
US18-8480952
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$50.7M
OFFICE BUILDING
Est. value
$58.1M
MEDICAL BUILDING
Est. value
$47.5M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
176
Bathrooms
180
Lot
3.8 ac
Current owner
From public records · entity-resolved
Mg Regency Airport LLC
Entity
Mailing address
301 NW ALMERIA AVE STE #330, CORAL GABLES, FL 33134-5822
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$36,000,000
Mg Regency Airport LLC
Opb Capital Group Fund 1 LLC
Warranty Deed
—
Sep 10, 2019
$25,829,700
Opb Capital Group Fund 1 LLC
Le Jeune INC
Warranty Deed
$21,000,000 · Banesco USA
Sep 10, 2019
—
Opb Capital Group Fund 1 LLC
—
Deed
related
$73,500 · Banesco USA
—
—
Opb Capital Group Fund 1 LLC
—
Deed Of Trust
related
$73,500 · Banesco USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1000 42nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
