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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Hotels
217 Krome Ave Florida City, FL 33034-3411
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6981889
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
CONCRETE
Total area
41,464 SF
Lot
0.98 ac (42,766 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
16-7919-001-0382
UPID
US18-6981889
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$4.03M
Owner & transaction history
Fl City Lodging LLC · 2 yrs held
Fl City Lodging LLC
since 2024
Last sale
$5.3M
4 recorded transactions
Zoning & alternative use
8000:COMMUNITY FACILITY · Florida City, FL
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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $5.30M (Aug 9 2024)
Last sale anchor
$5.30M
Aug 9 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
$97 / 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
$103,691
Tax year 2023
Assessed value
$5,200,000
Assessed 2023
Previous assessed
$4,700,000
+10.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$580,956
Assessed improvement
$4,619,044
Land market value
$580,956
Improvement market value
$4,619,044
Total market value
$5,200,000
Applied tax rate
1,600.0000
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
2020
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
6
Total area
41,464 SF
Lot
0.98 ac (42,766 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
16-7919-001-0382
UPID
US18-6981889
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
8000:COMMUNITY FACILITY · Florida City, FLZoning 8000:COMMUNITY FACILITY · permitted uses
8000:COMMUNITY FACILITY · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
C-4 Zoning
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Lot
0.98 ac
Current owner
From public records · entity-resolved
Fl City Lodging LLC
Entity
Mailing address
35200 S DIXIE HWY STE B, FLORIDA CITY, FL 33034-5604
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$5,300,000
Fl City Lodging LLC
Rd & Rd II Corporation
Special Warranty Deed
—
Aug 23, 2023
—
Rd & Rd Corporation
—
Deed
related
$6,500,000 · Amerasia Bank
Apr 4, 2018
$480,000
Rd & Rd II Corp
Rd & Rd Corp
Grant Deed
—
Jul 18, 2017
$480,000
Rd & Rd Corp
City Of Florida City
Grant Deed
—
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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