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Property profile & analytics
OFF-MARKET
Estimated value
$208,935,000
Hotels
2377 Collins Ave Miami Beach, FL 33139-1609
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2153028
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
433,336 SF
Lot
6.16 ac (268,125 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3226-001-0341
UPID
US18-2153028
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
by Request
Blend (final)
Blend
$208.94M
Owner & transaction history
Sb Hotel Owner LP · 10 yrs held
Sb Hotel Owner LP
since 2015
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami 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 Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$482 / 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
$2,499,057
Tax year 2023
Assessed value
$132,400,000
Assessed 2023
Previous assessed
$124,000,000
+6.8% YoY
Effective rate
1.89%
On assessed value
Total market value
$132,400,000
Applied tax rate
200.0000
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
Year built
1969
Construction
CONCRETE
Heating
NONE
Units
309
Total area
433,336 SF
Lot
6.16 ac (268,125 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3226-001-0341
UPID
US18-2153028
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Units
309
Lot
6.16 ac
Current owner
From public records · entity-resolved
Sb Hotel Owner LP
Entity
Free & Clear · 10 yrs held
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
136 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2018
—
Sb Hotel Owner LP
—
Deed
related
$315,000,000 · Deutsche Bk Ag/ny Branch
Oct 19, 2015
$10,000,000
Sb Hotel Owner LP
2377 Collins Resort LP
Grant Deed
—
Feb 1, 2012
$100,268,400
2377 Collins Resort LP
Sandy Lane Residential LLC
Grant Deed
—
Aug 14, 2008
$762,800
Frederick E Guest
Sandy Lane Residential LLC
Grant Deed
—
Jul 28, 2008
$2,295,000
Thomas Milana
Sandy Lane Residential LLC
Special Warranty Deed
$1,680,000 · Jpmorgan Chase Bank NA
Sep 16, 2004
—
City National Bank Of Florida
Roney Plaza Associates Ltd
Quit Claim Deed
$176,500,000 · Column Financial INC
May 10, 2003
$345,900
John Zanni
City National Bank Of Florida
Grant Deed
$276,700 · Countrywide Home Loans INC
Jan 17, 2003
$277,800
J Puertas
City Natl Bank Florida Ttee
Grant Deed
$277,791 · Washington Mutual Fsb
Nov 20, 2002
$483,100
Joseph S Gannon
Garcia,serafin
Grant Deed
$297,000 · Guaranty Residential Lending
Sep 13, 2002
$250,000
Kenneth Weiss
Citynational Bank Of Fl Ttee
Grant Deed
$180,000 · Abn Amro Mortgage Group INC
Sep 6, 2002
$333,000
Conrad Cross
City National Bank Of Florida
Grant Deed
$299,600 · Harris Trust & Savings Bank
Aug 27, 2002
$209,900
Irizeta Corp
City National Bank Of Florida
Grant Deed
$136,500 · International Bank Of Miami
Aug 12, 2002
$390,000
Linda Kleiman
Rodriguez,elizabeth
Grant Deed
$351,000 · New Century Mortgage
Apr 11, 2002
$159,900
Paul R Curry
City National Bank Of Florida
Grant Deed
$127,900 · Washington Mutual Fsb
Mar 21, 2002
$220,000
Volf Burekhovich
City National Bank Of Florida
Grant Deed
$176,000 · Abn Amro Mortgage Group INC
Mar 12, 2002
$199,900
Herman Pomerantz
City National Bank Of Florida
Grant Deed
$100,000 · Citizens Financial Services
Oct 24, 2001
$216,400
Thomas J Mann
City National Bank Of Florida
Grant Deed
$160,000 · Citizens Financial Svcs Fsb
Aug 29, 2001
$216,900
Alex Prakhin
City Natl Bank Of Fl Trustee
Grant Deed
$173,500 · Abn Amro Mortgage Group INC
Aug 23, 2001
—
Jean Dekeyser
Dekeyser,marie
Quit Claim Deed
related
$224,000 · Abn Amro Mortgage Group INC
Aug 20, 2001
$289,000
Itsik Burekhovich
City National Bank Of Florida
Grant Deed
$150,000 · Abn Amro Mortgage Group INC
Jul 9, 2001
$262,000
Maria D Talasek
Baptista,juan M
Grant Deed
$195,750 · Impac Lending Group
Apr 25, 2001
$297,300
Leon Hofman
City National Bank Of Fl Ttee
Grant Deed
$237,800 · Abn Amro Mortgage Group INC
Apr 9, 2001
$214,000
Alexander Jakob
City National Bank Of Florida
Grant Deed
$165,000 · Abn Amro Mortgage Group INC
Mar 7, 2001
$240,000
Beyond Properties INC
Umansky,pablo
Grant Deed
$180,000 · Union Planters Mortgage Co
Feb 7, 2001
$190,000
James Weaver
Berlowitz,paul & Harriet
Grant Deed
$171,000 · Accubanc Mortgage Corp
Feb 5, 2001
$280,000
Andrew Philip
5004784 Trust
Grant Deed
$170,000 · Abn Amro Mortgage Group INC
Oct 24, 2000
$69,400
Ruben Ojeda
Gutierrez,rafael
Grant Deed
—
Jun 30, 2000
$274,900
Mitchel H Katz
City National Bk Florida Ttee
Grant Deed
$212,000 · Cendant Mortgage Corp
May 31, 2000
$125,000
Spectras Estates Intl Ltd
Dacunto,fernando
Grant Deed
—
May 2, 2000
$228,000
Alexander Jakob
City Nat'l Bank Of Fl Trustee
Grant Deed
$171,000 · Republic Consumer Lending Grou
Jan 14, 2000
$237,000
Pando,roberto & Rosa E
City National Bk Florida Ttee
Trustees Deed
—
Jan 14, 2000
$234,000
Pando,roberto & Rosa E
City National Bk Florida Ttee
Trustees Deed
—
Jan 14, 2000
$240,000
Pando,roberto & Rosa E
City National Bk Florida Ttee
Trustees Deed
—
Oct 7, 1999
$172,000
Marvin Guillen
City National Bank Trust
Grant Deed
$137,532 · First Union Mortgage
Sep 27, 1999
$37,500
Hugo F Patino
Arellano,lyda
Quit Claim Deed
related
—
Sep 27, 1999
$115,500
Ricardo J Dieguez
City National Bank Fl Trustee
Grant Deed
$80,850 · Mortgage Bankers Service Corp
Sep 22, 1999
$160,800
Roseann Keenan
City National Bank Florida Tte
Grant Deed
$112,560 · Bank Of America
Sep 15, 1999
—
Jason Colling
City National Bank Of Fl Ttee
Grant Deed
$116,550 · Ameri-cap Mortgage Group INC
Aug 23, 1999
$193,000
Maria M Ruiz
City National Bank Fl Trustee
Grant Deed
$135,100 · Bac Florida Bank
Aug 20, 1999
$143,000
Volf Burekhovich
City Nat'l Bank Florida Ttee
Grant Deed
$100,000 · Mortgage Bankers Service Corp
Jul 21, 1999
$114,900
Corporacion 1717 Realty INC
City National Bank Of Florida
Grant Deed
$86,150 · Washington Mutual Fsb
Jul 2, 1999
$362,300
Marc J Bautil
City National Bank Florida Tte
Grant Deed
$289,750 · Washington Mutual Fsb
Jun 28, 1999
$105,000
Horacio Soto
City National Bank Fl Trustee
Grant Deed
$78,750 · Washington Mutual Fsb
Jun 4, 1999
$99,900
Lazaro D Tabares
City National Bank Fl Trustee
Grant Deed
$79,900 · Ameri-cap Mortgage Group INC
Apr 6, 1999
$174,900
Teodoro D Andrade
City National Bank Florida Tte
Grant Deed
$139,900 · Mortgage Bankers Group INC
Apr 6, 1999
$153,000
Zhanna Kutman
City National Bank Of Florida
Grant Deed
$122,400 · Golden Rule Mortgages INC
Dec 31, 1998
$111,500
Related Rpa Investors Ltd
City National Bank Trustee
Trustees Deed
—
Dec 31, 1998
$108,600
Related Rpa Investors Ltd
City National Bank Trustee
Trustees Deed
—
Nov 12, 1998
$219,800
Rpa Investors Ltd
City National Bank Of Florida
Grant Deed
—
Nov 12, 1998
$109,900
Rpa Investors Ltd
City National Bank
Grant Deed
—
Oct 26, 1998
$135,000
Arthur G Lambert Trustee
City National Bank Trust
Grant Deed
—
Oct 20, 1998
$223,900
Emilio L Magnaghi
City National Bank Fl Trustee
Grant Deed
$100,000 · Chase Manhattan Mortgage Corp
Oct 15, 1998
$130,000
Abraham Garcia
City National Bank Of Florida
Grant Deed
—
Oct 9, 1998
$169,900
Peter Dietenberger
City National Bank Of Florida
Grant Deed
$118,930 · Prime Mortgage Investors INC
Sep 22, 1998
$153,900
Emil Soffer
City National Bank Of Florida
Grant Deed
$123,100 · Mortgage Bankers Service Corp
Sep 3, 1998
$165,000
Tatjana Greenberg
City National Bank Of Florida
Grant Deed
—
Aug 19, 1998
$120,300
Aleida Gonzalez
City National Bank Of Florida
Grant Deed
$96,000 · Bankers Savings
Jul 30, 1998
—
Elliot Mechanic
City National Bank Florida Tte
Trustees Deed
related
—
Jul 23, 1998
$38,000
Ridel Carmenaty
Carmenaty,ridel
Quit Claim Deed
related
—
Jul 21, 1998
—
Alan Helms
City Nat'l Bk Florida Trustee
Trustees Deed
related
—
Jul 9, 1998
$120,900
Rpa Investors Ltd
City National Bank Florida Tte
Trustees Deed
—
Jun 9, 1998
$150,000
Related Rpa Investors Ltd
City National Bank Of Fl Ttee
Grant Deed
—
May 27, 1998
$79,900
Ridel Carmenaty
City National Bank Of Florida
Grant Deed
$75,900 · Chase Manhattan Mortgage Corp
May 12, 1998
$185,900
Rpa Investors Ltd
City National Bank Of Florida
Trustees Deed
—
May 7, 1998
$223,900
Clara J Hernandez
Citi Natiol Bank Of Fl Ttee
Grant Deed
$150,000 · Individual
Apr 27, 1998
$260,900
Rpa Investors Ltd
City National Bank Of Florida
Grant Deed
—
Apr 20, 1998
$116,900
Keith Caporelli
City National Bank Fl Ttee
Grant Deed
—
Apr 13, 1998
$187,900
Lewis Greenberg
City National Bank Of Fl Ttee
Grant Deed
$140,900 · Home Savings Of America
Apr 13, 1998
$167,900
Demann Trust
City National Bank Of Fl Ttee
Grant Deed
—
Mar 19, 1998
$189,000
Karen L Olin
City National Bank Of Florida
Grant Deed
$89,000 · City National Bank Of Florida
Mar 3, 1998
$92,000
Ramos,j M & Blanca D
City National Bank Of Florida
Trustees Deed
—
Mar 3, 1998
$108,100
Ramos,j M & Blanca D
City National Bank Of Florida
Trustees Deed
—
Feb 19, 1998
$89,900
Carmine J Valelli
City National Bank Fl Trustee
Grant Deed
—
Feb 6, 1998
$89,900
Rpa Investors Ltd
City Nat'l Bk Of Fl Trustee
Grant Deed
—
Feb 5, 1998
$89,900
Mendez Antonio De Abreu
City National Bank Of Florida
Grant Deed
$71,900 · Bankers Savings
Feb 5, 1998
$211,800
Rpa Investors Ltd
City National Bank Of Florida
Trustees Deed
—
Jan 13, 1998
$101,900
Maria A Berecoechea
City National Bank Of Florida
Grant Deed
$81,520 · Bankers Savings
Jan 5, 1998
$110,000
Martin Lindenberg
City National Bank Of Florida
Grant Deed
—
Dec 24, 1997
$79,900
Orlando E Ramos
City National Bank Fl Ttee
Trustees Deed
—
Dec 24, 1997
$149,900
Bluehill Investments Sa
City National Bank Fl Ttee
Trustees Deed
—
Dec 18, 1997
$106,500
Elsa Gelman
City National Bank Florida Tte
Grant Deed
—
Dec 15, 1997
$94,700
Sirman A Celayir
City National Bank Of Florida
Grant Deed
—
Dec 12, 1997
$137,900
Robert Mayer
City National Bank Of Florida
Grant Deed
—
Dec 4, 1997
$127,900
Prado Properties INC
City National Bank Of Florida
Grant Deed
—
Nov 25, 1997
$124,000
Burt R Gonzales
City National Bk Of Fl Trustee
Grant Deed
$93,000 · Standard Federal Bank
Nov 24, 1997
$79,900
Hilda Sierra
City National Bank Of Florida
Grant Deed
$75,900 · Trinity Mortgage Co Dallas
Nov 14, 1997
$262,000
Bergoff Trust
City National Bank Florida Tte
Grant Deed
—
Nov 5, 1997
$89,900
Evelyn M Maurmeyer
City National Bank Of Florida
Grant Deed
—
Oct 31, 1997
$75,000
Ricardo C Ramirez
City Natijonal Bank Of Florida
Grant Deed
$52,325 · Spectrum Mortgage
Oct 23, 1997
$100,000
Related Rpa Investors Ltd
City National Bank Of Fl Ttee
Trustees Deed
—
Sep 29, 1997
$125,900
Maria Lopez-alfonso
City National Bank Of Florida
Grant Deed
—
Sep 29, 1997
$74,900
Rpa Investors Ltd
City National Bank Of Florida
Trustees Deed
$54,000 · Peninsula Mortgage Bankers Co
Sep 29, 1997
$145,000
Rbg
City National Bank Of Florida
Grant Deed
$75,000 · Peninsula Mortgage Bankers Co
Sep 29, 1997
$218,000
Silvio Alvarez
City National Bank Of Florida
Trustees Deed
$163,400 · Mortgage Bankers Group INC
May 15, 1997
$51,500
Sergio Balinotti
Ocean Villaslimited Partnershi
Grant Deed
$42,505 · Nationsbank NA (south)
—
—
Gt 833 Roney INC
—
Deed Of Trust
related
$227,900 · Bac Florida Bank
—
—
Ann B Faranna
—
Deed Of Trust
related
$20,000 · First Union National Bank
—
—
Leslie Retter
—
Deed Of Trust
related
$20,000 · First Union National Bank
—
—
Alice Greenberg
—
Deed Of Trust
related
$150,000 · Golden Rule Mortgages INC
—
—
Earl W Trent
—
Deed Of Trust
related
$212,400 · Washington Mutual Fsb
—
—
Keith C Brown
—
Deed Of Trust
related
$202,350 · Citizens Financial Services
—
—
Marilou Mcintyre
—
Deed Of Trust
related
$134,269 · First Union National Bank
—
—
Elliot Mechanic
—
Deed Of Trust
related
$160,000 · Bankers Savings
—
—
Guilermo Martin
—
Deed Of Trust
related
$50,000 · First National Bank South Fl
—
—
Sb Hotel Owner LP
—
Loan Modification
related
$315,000,000 · Deutsche Bk Ag/ny Branch
—
—
Brian J Larsen
—
Deed Of Trust
related
$185,000 · Washington Mutual Fsb
—
—
Letty R Lederman
—
Deed Of Trust
related
$142,200 · Homefed Bank
—
—
Brent Bowles
—
Deed Of Trust
related
$25,000 · First Union National Bank
—
—
Jose A Lefran
—
Deed Of Trust
related
$83,489 · Nationsbank
—
—
Mabel Ladicani
—
Deed Of Trust
related
$112,500 · Bankunited
—
—
Silvia O Marti
—
Deed Of Trust
related
$53,162 · Barnett Bank
—
—
Palace Condominium Assn Roney
—
Deed Of Trust
related
$1,200,000 · Bankunited Fsb
—
—
Palace Condominium Assn Roney
—
Deed Of Trust
related
$3,250,000 · Bankunited Fsb
—
—
Tatjana P Greenberg Trustee
—
Deed Of Trust
related
$139,914 · First Union National Bank
—
—
Inverlink Corp
—
Deed Of Trust
related
$70,555 · Helm Bank
—
—
John P Miketa
—
Deed Of Trust
related
$43,000 · First Union National Bank
—
—
Roseann K Lirette
—
Deed Of Trust
related
$129,562 · Bank Of America
—
—
John Daignault
—
Deed Of Trust
related
$300,000 · Homecomings Financial Network
—
—
Elizabeth Rodriguez
—
Deed Of Trust
related
$25,000 · Chase Manhattan Bank USA NA
—
—
Brian J Larsen
—
Deed Of Trust
related
$176,605 · Prime Mortgage Investors INC
—
—
Vicente Diaz
—
Deed Of Trust
related
$149,600 · Interamerican Bank Fsb
—
—
Nelson Rivera
—
Deed Of Trust
related
$240,000 · Wells Fargo Home Mortgage INC
—
—
Barry Glazer
—
Deed Of Trust
related
$67,400 · Mortgage Bankers Group INC
—
—
Joseph Baca
—
Deed Of Trust
related
$77,200 · Peninsula Mortgage Bankers Co
—
—
Jaime Escuder
—
Deed Of Trust
related
$80,000 · Republic Consumer Lending Grou
—
—
Alberto Carracedo
—
Deed Of Trust
related
$70,000 · Oceanmark Financial Corp
—
—
Inverlink Corp
—
Deed Of Trust
related
$72,450 · Helm Bank
—
—
Thomas Mcdonagh
—
Deed Of Trust
related
$83,200 · First Union National Bank
—
—
Patricia M Kokaly
—
Deed Of Trust
related
$28,846 · Beneficial Florida INC
—
—
Hugo F Patino
—
Deed Of Trust
related
$76,300 · Chase Manhattan Mortgage Corp
—
—
Hildegard Duerr
—
Deed Of Trust
related
$15,000 · Suntrust Bank Miami NA
—
—
Leslie Retter
—
Deed Of Trust
related
$85,950 · Mortgage Bankers Service Corp
—
—
Inverlink Corp
—
Deed Of Trust
related
$74,400 · Helm Bank
—
—
Betty Krasner
—
Deed Of Trust
related
$80,000 · Nationsbanc Mortgage Corp
—
—
Jorge O Magalhaes
—
Deed Of Trust
related
$90,700 · Flick Mortgage Co
—
—
Eliezer Baudin
—
Deed Of Trust
related
$158,800 · Mortgage Bankers Group INC
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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