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Property profile & analytics
OFF-MARKET
Estimated value
$9,690,000
Hotels
1931 3rd Ave Miami, FL 33129-1418
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-6080992
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2022
Construction
CONCRETE
Total area
88,537 SF
Lot
0.47 ac (20,602 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4138-001-2540
UPID
US18-6080992
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
-
Tru By Hilton Miami West Brickell Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.69M
Owner & transaction history
Vifere Corp · 6 yrs held
Vifere Corp
since 2019
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,105,000
6.5%
$10,250,000
7%
$9,515,000
Blend value · Realmo final
$9.69M
Range $8.72M – $10.66M · ±10%
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
$109 / 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
$316,103
Tax year 2023
Assessed value
$15,892,421
Assessed 2023
Previous assessed
$3,148,700
+404.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$5,150,500
Assessed improvement
$10,741,921
Land market value
$5,150,500
Improvement market value
$10,741,921
Total market value
$15,892,421
Applied tax rate
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
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
8
Bathrooms
16
Total area
88,537 SF
Lot
0.47 ac (20,602 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4138-001-2540
UPID
US18-6080992
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
8
Bathrooms
16
Lot
0.47 ac
Current owner
From public records · entity-resolved
Vifere Corp
Entity
Mailing address
3905 NW 107TH AVE STE #501, DORAL, FL 33178-4400
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
—
Vifere Corp
Iras Brickell Hospitality LLC
Quit Claim Deed
related
$16,100,000 · Amerant Bk NA
May 29, 2019
—
Iras Brickell Hospitality LLC
—
Deed
related
$3,155,000 · Amerant Bk NA
Nov 22, 2017
$1,600,000
Iras Brickell Hospitality LLC
Vifere Corp
Special Warranty Deed
$1,555,000 · Mercantil Bank NA
Apr 11, 2017
—
Vifere Corp
—
Deed
related
$1,360,000 · Intercontinental Bk
Jul 12, 2007
$2,550,000
Vifere Corp Nv
Madruga,ramon & Castula I
Warranty Deed
$1,450,000 · Ramon & Castula I Madruga
Apr 20, 2006
—
Ramon Madruga
—
Trustees Deed
related
$200,000 · National First Fin'l Corp Bp
Dec 22, 2005
$1,951,400
Ramon Madruga
Drivas,antonio & Georgia
Warranty Deed
—
—
—
Vifere Corp
—
Loan Modification
related
$1,360,000 · Intercontinental Bk
—
—
Iras Brickell Hospitality LLC
—
Loan Modification
related
$3,155,000 · Amerant Bk NA
—
—
Vifere Corp
—
Deed Of Trust
related
$1,450,000 · Ramon & Castula I Madruga
—
—
Vifere Corp
—
Deed Of Trust
related
$1,360,000 · Intercontinental Bk
—
—
Vifere Corp
—
Loan Modification
related
$1,360,000 · Intercontinental Bk
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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