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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Hotels
2601 42nd Ave Miami, FL 33142-5638
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-5052595
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
CONCRETE
Total area
61,326 SF
Lot
1.73 ac (75,576 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3129-002-0020
UPID
US18-5052595
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
-
Holiday Inn Express & Suites Miami Airport East, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.15M
Owner & transaction history
2601 Mia LLC · 16 yrs held
2601 Mia LLC
since 2010
6 recorded transactions
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · 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%
$7,690,000
6.5%
$7,100,000
7%
$6,590,000
Blend value · Realmo final
$6.15M
Range $5.54M – $6.77M · ±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
$100 / 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
$149,358
Tax year 2023
Assessed value
$9,400,000
Assessed 2023
Previous assessed
$8,000,000
+17.5% YoY
Effective rate
1.59%
On assessed value
Assessed land
$3,400,920
Assessed improvement
$5,999,080
Land market value
$3,400,920
Improvement market value
$5,999,080
Total market value
$9,400,000
Applied tax rate
3,000.0000
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
2016
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
102
Bathrooms
102
Total area
61,326 SF
Lot
1.73 ac (75,576 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3129-002-0020
UPID
US18-5052595
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Zoning 7300:INDUSTRIAL,HVY MFG · permitted uses
7300:INDUSTRIAL,HVY MFG · 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
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
102
Bathrooms
102
Lot
1.73 ac
Current owner
From public records · entity-resolved
2601 Mia LLC
Entity
Free & Clear · 16 yrs held
Mailing address
782 NW 42ND AVE STE #3, MIAMI, FL 33126-5546
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2010
$2,434,800
2601 Mia LLC
Miami Airport Parking LLC
Grant Deed
—
Jul 22, 2005
$4,300,000
Miami Airport Parking LLC
Sun Real Estate Of Miami INC
Grant Deed
—
Jul 22, 2005
—
Miami Airport Parking LLC
Sun Real Estate Of Miami INC
Quit Claim Deed
related
—
Mar 5, 2004
$157,000
Javier Paulino
Lennar Homes
Grant Deed
$141,250 · Universal American Mortgage Co
Sep 8, 1997
$1,500,000
Sun Real Estate Of Miami INC
Diversified Services INC
Grant Deed
$1,050,000 · Transatlantic Bank
—
—
2601 Mia LLC
—
Deed Of Trust
related
$8,960,000 · Ocean Bank
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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