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Property profile & analytics
FOR SALE
Hotels
1018 Jefferson Ave Miami Beach, FL 33139
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0845945
For Sale
1 / 76
$2,550,000
1018 Jefferson Ave, Miami Beach, FL 33139
View Listing →
Property summary
AI-generated overview
Exceptional investment opportunity in Miami Beach! This stunning property combines a luxurious two-story villa (3 bedrooms, 2.5 baths, central AC) with four independent apartments, each featuring one bedroom, one bath, and a kitchenette. The 4,689 square foot property sits on a 7,500 square foot lot and includes a heated swimming pool. Built in 1930 and renovated in 2021, this Class B property offers versatile options: a private residence, multi-family rental, or a bed and breakfast (license requires reinstatement). On-site parking accommodates up to three vehicles. The property is ideally located steps from Flamingo Park, Ocean Drive, and the beach, with easy access to shops, restaurants, and schools. It's also conveniently located 20 minutes from Miami International Airport. The permitted zoning is 3900 multi-family 38.62 U/A. Currently vacant, this value-add residential income property presents significant upside potential. Asking price: $3,950,000 ($842.40/sq ft).
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1930
Construction
CONCRETE
Total area
2,100 SF
Lot
0.16 ac (7,000 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-4203-009-6880
UPID
US19-0845945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$4.01M
Owner & transaction history
Stormfield Capital Funding I LLC · 1 yrs held
Stormfield Capital Funding I LLC
since 2025
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+117.1%
Retail stores
$4.9M
+101.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$3,905,000
ML approach
$3,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,420,000
Current use
OFFICE BUILDING
$5,260,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$4,890,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±10% · vs last sale $4.20M (Dec 22 2022)
Last sale anchor
$4.20M
Dec 22 2022
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
$1,907 / 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
$66,611
Tax year 2023
Assessed value
$3,525,000
Assessed 2023
Previous assessed
$1,800,000
+95.8% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,610,000
Assessed improvement
$1,915,000
Land market value
$1,610,000
Improvement market value
$1,915,000
Total market value
$3,525,000
Applied tax rate
200.0000
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
For Sale
Year built
1930
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
3
Bathrooms
11
Total area
2,100 SF
Lot
0.16 ac (7,000 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-4203-009-6880
UPID
US19-0845945
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Zoning 3900:MULTI-FAM,38-62 U/A · permitted uses
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$4.9M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
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
1930
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
3
Bathrooms
11
Lot
0.16 ac
Current owner
From public records · entity-resolved
Stormfield Capital Funding I LLC
Entity
Mailing address
488 NE 18TH ST UNIT #4612, MIAMI, FL 33132-1333
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$400,100
Stormfield Capital Funding I LLC
Oasis Hospitality Partners LLC
Trust Deed
related
—
Dec 22, 2022
$4,200,000
Oasis Hospitality Partners LLC
Tdk Real Estate Limited Liability C
Warranty Deed
$3,220,000 · Stormfield Capital Funding I LLC
Feb 2, 2021
$2,100,000
Tdk Real Estate LLC
1018 Jefferson LLC
Warranty Deed
—
Apr 5, 2013
$2,600,000
1018 Jefferson LLC
Jules Florida INC
Warranty Deed
—
Jun 23, 2005
$1,425,000
Jules Florida INC
Ballow,george R
Warranty Deed
—
Nov 12, 2003
$825,000
George R Ballow
Sbjh INC
Grant Deed
$660,000 · Interbay Funding LLC
May 18, 1999
$775,000
Sbjh INC
1018 Jefferson Corp
Grant Deed
$581,250 · Turnberry Bank
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.
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