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Property profile & analytics
OFF-MARKET
Estimated value
$17,860,000
Bars & Pubs
124 Collins Ave Miami Beach, FL 33139-7207
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-6324658
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1994
Construction
CONCRETE
Total area
30,229 SF
Lot
0.45 ac (19,500 SF)
Zoning code
6502:COMMERCIAL
APN
02-4203-003-1130
UPID
US18-6324658
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.86M
Owner & transaction history
Amnesia International LLC · 3 yrs held
Amnesia International LLC
since 2023
Last sale
$23.0M
7 recorded transactions
Zoning & alternative use
6502: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
$17,845,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.86M
Range $16.07M – $19.65M · ±10% · vs last sale $23.00M (Mar 2 2023)
Last sale anchor
$23.00M
Mar 2 2023
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
$591 / 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
$219,009
Tax year 2023
Assessed value
$13,363,246
Assessed 2023
Previous assessed
$12,337,144
+8.3% YoY
Effective rate
1.64%
On assessed value
Assessed land
$9,750,000
Assessed improvement
$3,613,246
Land market value
$9,750,000
Improvement market value
$3,613,246
Total market value
$13,363,246
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
30,229 SF
Lot
0.45 ac (19,500 SF)
Zoning code
6502:COMMERCIAL
APN
02-4203-003-1130
UPID
US18-6324658
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6502:COMMERCIAL · Miami Beach, FL
Zoning 6502:COMMERCIAL · permitted uses
6502: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
1994
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Amnesia International LLC
Entity
Free & Clear · 3 yrs held
Mailing address
19950 W COUNTRY CLB DR, AVENTURA, FL 33180-4601
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
Mar 22, 2023
—
Amnesia International LLC
Story Land LLC
Lease
—
Mar 2, 2023
$23,000,000
Story Land LLC
Kaine 136 LLC
Warranty Deed
$15,200,000 · Motcomb Estates Ltd
Feb 7, 2019
—
Uncut LLC
—
Deed
related
$180,000 · Kaine 136 LLC
Jan 9, 2008
—
Kaine 136 LLC
Kaine,lawrence F
Quit Claim Deed
related
—
Aug 31, 1999
—
D A Mortgage INC
Amnesia Holding INC
Trustees Deed
related
—
—
—
Uncut LLC
—
Deed Of Trust
related
$180,000 · Kaine 136 LLC
—
—
Pizza Capri LLC
—
Deed Of Trust
related
$145,000 · Kaine 136 LLC
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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