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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Hotels
18683 Collins Ave Sunny Isles Beach, FL 33160-2404
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1641226
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
1.18 ac (51,447 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
31-2202-003-0140
UPID
US18-1641226
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Mekavel Group LLC · 4 yrs held
Mekavel Group LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Sunny Isles 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 Sunny Isles Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunny Isles 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
$1,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Dec 15 2021)
Last sale anchor
$900k
Dec 15 2021
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
—
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
$17,045
Tax year 2023
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Total market value
$1,000,000
Applied tax rate
3,100.0000
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/MOTEL
Status
Off-Market
Heating
NONE
Lot
1.18 ac (51,447 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
31-2202-003-0140
UPID
US18-1641226
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Sunny Isles Beach, FL
Zoning 5000:HOTELS&MOTELS-GEN · permitted uses
5000:HOTELS&MOTELS-GEN · Sunny Isles Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunny Isles Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mekavel Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
18683 COLLINS AVE, SUNNY ISLES BEACH, FL 33160-2404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 18, 2025
—
Semda LLC
—
Deed
related
$550,000 · Nexos Invest Corp
Jan 12, 2022
—
Mekavel Group LLC
Manor 72 LLC
Correction Deed
related
—
Dec 15, 2021
$900,000
Brisa Investment LLC
Item Services LLC
Warranty Deed
—
Nov 22, 2021
$670,000
Mekavel LLC
Manor 72 LLC
Quit Claim Deed
related
—
Nov 19, 2019
$100
Leonardo Esquivel
Leonardo Esquivel
Quit Claim Deed
related
—
Jul 10, 2012
—
Resort Residences Condo Ass M
Tangiers Beach Associates
Quit Claim Deed
related
—
Jul 10, 2012
$1,000,000
Resort Residences Condo Ass M
Sunny Isles Hospitality LLC
Quit Claim Deed
related
—
Apr 27, 2012
—
Alpha Blue Ent LLC
M 801-03/05 Corp
Quit Claim Deed
related
—
Feb 16, 2012
$240,000
Gigott 26 LLC
Intec Investments INC
Warranty Deed
$144,000 · Daniel O Alvarez
Nov 19, 2010
$428,800
Virtualbank
Lemamoto LLC
Warranty Deed
—
Dec 7, 2005
$1,200,000
Fortune Intl Hospitality LLC
Tangiers Beach Associates
Grant Deed
$1,516,655 · Tangiers Beach Associates
May 25, 2005
—
Gs Investment Group LLC
Gazit,ofer
Quit Claim Deed
related
—
—
—
White Elephant Devs LLC
—
Deed Of Trust
related
$406,849 · Us Mortgage Finance II LLC
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.
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