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Property profile & analytics
OFF-MARKET
Estimated value
$9,355,000
Hotels
2800 28th Ter Miami, FL 33133-3713
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5597832
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
CONCRETE
Total area
80,646 SF
Lot
0.82 ac (35,625 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4116-028-0240
UPID
US18-5597832
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
-
Hampton Inn by Hilton Miami-Coconut Grove/Coral Gables Hotel & Motel
-
SIXT Rent A Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.36M
Owner & transaction history
Grove Hotel Group Ltd · 9 yrs held
Grove Hotel Group Ltd
since 2016
3 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%
$10,115,000
6.5%
$9,335,000
7%
$8,670,000
Blend value · Realmo final
$9.36M
Range $8.42M – $10.29M · ±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
$116 / 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
$302,850
Tax year 2023
Assessed value
$15,400,000
Assessed 2023
Previous assessed
$14,000,000
+10.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,850,000
Assessed improvement
$12,550,000
Land market value
$2,850,000
Improvement market value
$12,550,000
Total market value
$15,400,000
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
135
Bathrooms
135
Total area
80,646 SF
Lot
0.82 ac (35,625 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4116-028-0240
UPID
US18-5597832
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Units
135
Bathrooms
135
Lot
0.82 ac
Current owner
From public records · entity-resolved
Grove Hotel Group Ltd
Entity
Mailing address
2800 SW 28TH TER, MIAMI, FL 33133-3713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2016
—
Grove Hotel Group Ltd
—
Deed
related
$21,500,000 · Sabadell United Bk NA
—
—
Grove Hotel Group Ltd
—
Deed Of Trust
related
$16,294,279 · J P Morgan Chase Bank
—
—
Grove Hotel Group Ltd
—
Loan Modification
related
$21,500,000 · Sabadell United Bk NA
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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