New search
Property profile & analytics
OFF-MARKET
Hotels
1247 Ww Ave Miami Beach, FL 33139-4307
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US19-0609527
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1958
Construction
CONCRETE
Total area
9,640 SF
Lot
0.17 ac (7,500 SF)
Zoning code
4000:MULTI-FAM,63-100 U/A
APN
02-3233-018-0110
UPID
US19-0609527
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
by Request
Owner & transaction history
1250 West Ave Owner LLC
1250 West Ave Owner LLC
since 2025
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$37,916
Tax year 2023
Assessed value
$2,260,000
Assessed 2023
Previous assessed
$1,885,000
+19.9% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$10,000
Land market value
$2,250,000
Improvement market value
$10,000
Total market value
$2,260,000
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
1958
Construction
CONCRETE
Heating
NONE
Stories
2
Units
16
Bathrooms
18
Total area
9,640 SF
Lot
0.17 ac (7,500 SF)
Zoning code
4000:MULTI-FAM,63-100 U/A
APN
02-3233-018-0110
UPID
US19-0609527
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · Miami Beach, FL
Zoning 4000:MULTI-FAM,63-100 U/A · permitted uses
4000:MULTI-FAM,63-100 U/A · 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
1958
Construction
CONCRETE
Heating
NONE
Stories
2
Units
16
Bathrooms
18
Lot
0.17 ac
Current owner
From public records · entity-resolved
1250 West Ave Owner LLC
Entity
Mailing address
10775 SW 133RD TER, MIAMI, FL 33176-6047
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
1250 West Ave Owner LLC
—
Deed
related
—
Sep 8, 2025
$20,000,000
1250 West Ave Owner LLC
1247 Bayview Development Corporatio
Special Warranty Deed
$98,000,000 · Nw 1250 West Lender LLC
Nov 2, 2017
—
1247 Bayview Dev Corp
Garcia,ivonne
Grant Deed
related
—
Jul 28, 2005
$2,050,000
1247 Bayview Corp
Garcia,ramon & Ivonne
Warranty Deed
$1,300,000 · Totalbank
Dec 17, 1997
$510,000
Ramon Garcia
Regional Realty Associates
Grant Deed
$375,000 · Individual
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$100,000 · Frank Marrero
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$30,000 · Brian & Cynthia Kirchberg
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$625,000 · Transunion Inv Corp
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$13,500 · Marrero Fortune Corp
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$100,000 · Mateo & Alicia Milos
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$1,228,524 · Totalbank
—
—
1247 Bayview Dev Corp
—
Deed Of Trust
related
$500,000 · Transunion Inv Corp
—
—
Safe Harbor Equity 12 LLC
—
Deed Of Trust
related
$1,311,000 · Italbank Int'l INC
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 1247 Ww 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.
