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Property profile & analytics
OFF-MARKET
Estimated value
$32,400,000
Hotels
1109 Brickell Ave Miami, FL 33131-3101
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US18-5605356
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
CONCRETE
Total area
395,543 SF
Lot
1.09 ac (47,494 SF)
Zoning code
6407:HIGH DENS MIX USE
APN
01-0210-030-1170
UPID
US18-5605356
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
-
La Terraza Cafe And Bar Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Drakes Bar & Pub
-
Enterprise Rent-A-Car Car Rental Facility
-
La Terraza Brickell Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.40M
Owner & transaction history
Mdm Brickell Hotel Group Ltd · 29 yrs held
Mdm Brickell Hotel Group Ltd
since 1997
2 recorded transactions
Zoning & alternative use
6407:HIGH DENS MIX USE · Miami, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$82 / 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
$825,273
Tax year 2023
Assessed value
$41,300,000
Assessed 2023
Previous assessed
$40,900,000
+1.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$28,496,400
Assessed improvement
$12,803,600
Land market value
$28,496,400
Improvement market value
$12,803,600
Total market value
$41,300,000
Applied tax rate
101.0000
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
21
Units
296
Bathrooms
296
Total area
395,543 SF
Lot
1.09 ac (47,494 SF)
Zoning code
6407:HIGH DENS MIX USE
APN
01-0210-030-1170
UPID
US18-5605356
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6407:HIGH DENS MIX USE · Miami, FL
Zoning 6407:HIGH DENS MIX USE · permitted uses
6407:HIGH DENS MIX USE · 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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
21
Units
296
Bathrooms
296
Lot
1.09 ac
Current owner
From public records · entity-resolved
Mdm Brickell Hotel Group Ltd
Entity
Mailing address
9090 S DADELAND BLVD, MIAMI, FL 33156-7820
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 1997
$3,500,000
Mdm Brickell Hotel Group Ltd
Bricksea Corp
Grant Deed
related
$4,000,000 · Seller
—
—
Mdm Brickell Hotel Group Ltd
—
Deed Of Trust
related
$3,000,000 · Metropolitan Life Insurance
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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