Property profile

124 Palm Dr Florida City, FL 33034

OFF-MARKET
Hotels
Property ID
US18-5366978
61,174 SF 2.15 ac lot Built 1990
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1990
Construction CONCRETE
Total area 61,174 SF
Lot 2.15 ac (93,654 SF)
Zoning code 6000:COMMERCIAL,GENERAL
APN 16-7919-001-0401
UPID US18-5366978

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Swimming Pool Gym & Fitness Center

Location

124 Palm Dr Florida City, FL 33034-3519
Florida City metro Census 11409 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.50M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.10M

Owner & transaction history

since 2012
6 recorded transactions
2012
$4.0M
2011
Price N/A
2009
Price N/A
2007
$7.5M
2007
$9.2M
1969
Price N/A

Zoning & alternative use

6000:COMMERCIAL,GENERAL · Florida City, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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