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    Property profile & analytics
    OFF-MARKET Estimated value $1,270,000
    Hotels

    1420 Ocean Dr Miami Beach, FL 33139-4108

    20,876 SF 0.15 ac lot Built 1938
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US18-0432303
    Google Maps
    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 1938
    Construction CONCRETE
    Total area 20,876 SF
    Lot 0.15 ac (6,500 SF)
    Zoning code 6501:COMMERCIAL
    APN 02-3234-008-0610
    UPID US18-0432303
    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
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $825k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Island One Development LLC · 5 yrs held
    Island One Development LLC
    since 2021
    7 recorded transactions
    2021
    Price N/A
    2008
    $12,900
    2008
    $17,900
    2008
    $32,000
    2008
    $21,200
    2008
    $11,500
    2008
    $17,500
    Zoning & alternative use
    6501:COMMERCIAL · Miami Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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