New search
Property profile & analytics
OFF-MARKET
Estimated value
$70,000,000
Hotels
1633 Bayshore Dr Miami, FL 33132-1215
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4983191
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
CONCRETE
Total area
856,649 SF
Lot
1.9 ac (82,847 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-036-0021
UPID
US18-4983191
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
-
John's Skin & Scuba Dive Shop (Bike/Boat/Book/etc) Store
-
SP+ Parking Parking Lot & Garage
-
Hertz Car Rental - Biscayne Bay Marriott HLE Car Rental Facility
-
Amazon Locker - Saturn Postal Service Courier Service
-
GoldCoast Yachting Club Boat Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.00M
Owner & transaction history
Biscayne Bay Land Eat LLC · 9 yrs held
Biscayne Bay Land Eat LLC
since 2017
2 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$82 / 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
$1,492,362
Tax year 2023
Assessed value
$82,947,000
Assessed 2023
Previous assessed
$60,900,000
+36.2% YoY
Effective rate
1.80%
On assessed value
Assessed land
$82,847,000
Assessed improvement
$100,000
Land market value
$82,847,000
Improvement market value
$100,000
Total market value
$82,947,000
Applied tax rate
101.0000
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
31
Units
600
Total area
856,649 SF
Lot
1.9 ac (82,847 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-036-0021
UPID
US18-4983191
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
31
Units
600
Lot
1.9 ac
Current owner
From public records · entity-resolved
Biscayne Bay Land Eat LLC
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2017
$38,000,000
Biscayne Bay Land Eat LLC
Castle Family LLC
Warranty Deed
—
—
—
Miramar Marine Corp
—
Deed Of Trust
related
$4,600,000 · Marshall Miller & Schroeder
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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