New search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Hotels
1228 Collins Ave Miami Beach, FL 33139-4607
Individually Owned
1-yr Hold
Free & Clear
Property ID
US19-0710648
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1931
Construction
CONCRETE
Total area
9,603 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1050
UPID
US19-0710648
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Sipeng Yi Alexander · 1 yrs held
Sipeng Yi Alexander
since 2025
7 recorded transactions
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, 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 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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$63 / 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
$57,547
Tax year 2023
Assessed value
$3,600,000
Assessed 2023
Previous assessed
$3,600,000
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,925,000
Assessed improvement
$1,675,000
Land market value
$1,925,000
Improvement market value
$1,675,000
Total market value
$3,600,000
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
Off-Market
Year built
1931
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
17
Bathrooms
17
Total area
9,603 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1050
UPID
US19-0710648
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Zoning 6501:COMMERCIAL · permitted uses
6501:COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1931
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
17
Bathrooms
17
Lot
0.16 ac
Current owner
From public records · entity-resolved
Sipeng Yi Alexander
Individual
Free & Clear · 1 yrs held
Mailing address
1239 COLLINS AVE, MIAMI BEACH, FL 33139-4606
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Sipeng Yi Alexander
Alex Yi
Warranty Deed
—
Oct 24, 2016
$4,500,000
Azco Investments LLC
Impala Hotel LLC
Grant Deed
$5,280,000 · Totalbank
May 26, 2011
$3,750,000
Impala Hotel LLC
Prime Hotels USA LLC
Warranty Deed
$500,000 · Prime Hotels USA LLC
Dec 4, 2006
$3,750,000
Prime Hotels USA LLC
Hotel Impala LLC
Warranty Deed
$2,750,000 · Evans Financial Services Ltd
Oct 29, 2002
—
Lasalle National Bank
Impala Corp
Trustees Deed
related
—
May 5, 1998
$300,000
The Impala Corp
1228 Collins Avenue Corp
Grant Deed
$2,135,000 · Central Park Capital LP
—
—
Impala Corp
—
Deed Of Trust
related
$396,300 · Us Small Business Admn
—
—
Impala Hotel LLC
—
Deed Of Trust
related
$2,500,000 · C1 Bk
—
—
Impala Hotel LLC
—
Deed Of Trust
related
$1,500,000 · Evans Financial Services Ltd
—
—
Prime Hotels USA LLC
—
Deed Of Trust
related
$2,480,163 · Evans Financial Services Ltd
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 1228 Collins 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.
