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Property profile & analytics
OFF-MARKET
Estimated value
$19,700,000
Hotels
1400 Ocean Dr Miami Beach, FL 33139-4108
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5063625
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1939
Construction
CONCRETE
Total area
28,760 SF
Lot
0.15 ac (6,500 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-0650
UPID
US18-5063625
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.70M
Owner & transaction history
Wh Miami Properties LLC · 1 yrs held
Wh Miami Properties LLC
since 2024
Last sale
$19.7M
6 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
$19,700,000
ML approach
$19,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.70M
Range $17.73M – $21.67M · ±10% · vs last sale $19.70M (Oct 4 2024)
Last sale anchor
$19.70M
Oct 4 2024
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
$685 / 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
$263,870
Tax year 2023
Assessed value
$15,700,000
Assessed 2023
Previous assessed
$15,700,000
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$3,900,000
Assessed improvement
$11,800,000
Land market value
$3,900,000
Improvement market value
$11,800,000
Total market value
$15,700,000
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
71
Bathrooms
71
Total area
28,760 SF
Lot
0.15 ac (6,500 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-0650
UPID
US18-5063625
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Units
71
Bathrooms
71
Lot
0.15 ac
Current owner
From public records · entity-resolved
Wh Miami Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1101 BRICKELL AVE #9, MIAMI, FL 33131-3105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
—
Wh Miami Properties LLC
—
Deed
related
$19,500,000 · Banco De Sabadell Sa
Oct 4, 2024
$19,700,000
Wh Miami Properties LLC
Hhlp Winter Haven Associates LLC
Special Warranty Deed
—
Jan 5, 2024
—
1400 Ocean Drive LLC
—
Deed
related
$300,000 · Douglasd Stratton P A
Dec 18, 2023
—
Each Of Entities Set Forth On Sched
—
Deed
related
—
Aug 25, 2022
—
Hhlp Winter Haven Associates LLC
—
Deed
related
$28,000,000 · Citibank NA
Jul 2, 2020
—
Hhlp Winter Haven Associates LLC
—
Deed
related
$28,000,000 · Citibank NA
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
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