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Property profile & analytics
OFF-MARKET
Estimated value
$10,025,000
Hotels
10775 Caribbean Blvd Cutler Bay, FL 33189-1201
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2993926
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1979
Construction
CONCRETE
Total area
76,120 SF
Lot
1.74 ac (75,794 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
36-6007-018-0010
UPID
US18-2993926
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
$9.81M
CAP Approach
CAP
$8.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.03M
Owner & transaction history
Hare Krishna Cutler Bay LLC · 3 yrs held
Hare Krishna Cutler Bay LLC
since 2023
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cutler Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cutler Bay 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
$9,995,000
ML approach
$9,805,000
CAP Approach
CAP Return
Estimation
6%
$9,545,000
6.5%
$8,810,000
7%
$8,180,000
Blend value · Realmo final
$10.03M
Range $9.02M – $11.03M · ±10% · vs last sale $10.75M (Aug 1 2022)
Last sale anchor
$10.75M
Aug 1 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
$132 / 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
$97,802
Tax year 2023
Assessed value
$5,700,000
Assessed 2023
Previous assessed
$5,700,000
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$4,547,640
Assessed improvement
$1,152,360
Land market value
$4,547,640
Improvement market value
$1,152,360
Total market value
$5,700,000
Applied tax rate
3,600.0000
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
1979
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
154
Total area
76,120 SF
Lot
1.74 ac (75,794 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
36-6007-018-0010
UPID
US18-2993926
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cutler Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Units
154
Lot
1.74 ac
Current owner
From public records · entity-resolved
Hare Krishna Cutler Bay LLC
Entity
Mailing address
2030 AVALON PKWY STE #200, MCDONOUGH, GA 30253-3096
Ownership since
2023
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
Dec 6, 2024
—
Hare Krishna Cutler Bay LLC
—
Deed
related
—
Apr 7, 2023
—
Hare Krishna Cutler Bay LLC
G6 Hospitality Property LLC
Correction Deed
related
—
Aug 1, 2022
$10,750,000
Hare Krishna Cuter Bay LLC
G6 Hospitality Property LLC
Special Warranty Deed
$180,800,000 · Starwood Property Mortgage Sub 10 A
Sep 29, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 14, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$1,768,328,146 · Jp Morgan Chase Bk
Jun 22, 2009
$6,000,000
Motel 6 Operating
D & G Properties Of Miami LLC
Grant Deed
—
Sep 27, 1999
$6,500,000
J & J Performance Assoc II INC
Delta Management Int'l Lc
Grant Deed
$4,617,000 · Morgan Guaranty Trust Co Ny
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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