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Property profile & analytics
OFF-MARKET
Estimated value
$52,575,000
Hotels
255 Biscayne Blvd Way Miami, FL 33131-3025
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2866454
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Construction
CONCRETE
Total area
643,192 SF
Lot
0.45 ac (19,780 SF)
Zoning code
6401:COMMERCIAL
APN
01-0114-030-1050
UPID
US18-2866454
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
-
Hotel Beaux Arts, Autograph Collection Hotel & Motel
-
cruise port Resort
-
Exotic Car Rentals by Premier Auto Car Rental Facility
-
Mariano Bartolome Golf School Training Center
-
JW Marriott Marquis Miami Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.58M
Owner & transaction history
Met II Office LLC · 19 yrs held
Met II Office LLC
since 2007
7 recorded transactions
Zoning & alternative use
6401:COMMERCIAL · 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
$1,234,091
Tax year 2023
Assessed value
$58,700,000
Assessed 2023
Previous assessed
$56,700,000
+3.5% YoY
Effective rate
2.10%
On assessed value
Assessed land
$13,846,000
Assessed improvement
$44,854,000
Land market value
$13,846,000
Improvement market value
$44,854,000
Total market value
$58,700,000
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
2010
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
41
Units
357
Total area
643,192 SF
Lot
0.45 ac (19,780 SF)
Zoning code
6401:COMMERCIAL
APN
01-0114-030-1050
UPID
US18-2866454
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6401:COMMERCIAL · Miami, FL
Zoning 6401:COMMERCIAL · permitted uses
6401:COMMERCIAL · 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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
41
Units
357
Lot
0.45 ac
Current owner
From public records · entity-resolved
Met II Office LLC
Entity
Free & Clear · 19 yrs held
Mailing address
3500 LENOX RD NE STE #1800, ATLANTA, GA 30326-4239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2018
—
Mcpp Wfc Miami LLC
—
Loan Modification
related
$144,400,000 · Miscellaneous Ins Co
Aug 11, 2017
—
Met II Hotel LLC
—
Deed
related
$58,000,000 · Wells Fargo Bk
Jul 24, 2014
—
Met II Hotel LLC
—
Loan Modification
related
$60,000,000 · Starwood Prop Mtg
Nov 6, 2008
—
Met II Office LLC
—
Deed Of Trust
related
$90,000,000 · Bank Of America
Mar 26, 2007
$34,000,000
Met II Office LLC
P & G Tract C Dev Ltd
Grant Deed
—
Jun 2, 2006
—
P & G Tract C Dev Ltd
—
Grant Deed
related
$9,750,000 · Trisail Capital Corp
Jul 29, 2004
$2,160,000
P & G Tract C Dev Ltd
P & G Dev Ltd
Grant Deed
related
—
Nov 10, 1998
—
Miami One Centre LP
Miami Center Joint Venture
Quit Claim Deed
related
$10,500,000 · World Financial
—
—
P & G Tract C Dev Ltd
—
Deed Of Trust
related
$9,850,000 · Ocean Bank
—
—
P & G Tract C Dev Ltd
—
Deed Of Trust
related
$6,150,000 · Ocean Bank
—
—
Met II Hotel LLC
—
Loan Modification
related
$58,000,000 · Wells Fargo 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.
Try Rey
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