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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Hotels
291 Bal Bay Dr Bal Harbour, FL 33154-1378
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-5117838
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
CONCRETE
Total area
76,168 SF
Lot
1.56 ac (68,114 SF)
Zoning code
3600:MULTI-FAM,22-28 UNIT
APN
12-2226-003-0010
UPID
US18-5117838
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
-
Kendall International Trading Group, LLC. Logistics Company
-
Beach Haus Residences Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
Beach Haus Bal Harbour LLC · 9 yrs held
Beach Haus Bal Harbour LLC
since 2017
7 recorded transactions
Zoning & alternative use
3600:MULTI-FAM,22-28 UNIT · Bal Harbour, 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 Bal Harbour submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bal Harbour 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%
$9,550,000
6.5%
$8,815,000
7%
$8,185,000
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±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
$87 / 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
$166,325
Tax year 2023
Assessed value
$9,291,428
Assessed 2023
Previous assessed
$8,694,535
+6.9% YoY
Effective rate
1.79%
On assessed value
Assessed land
$8,684,535
Assessed improvement
$606,893
Land market value
$8,684,535
Improvement market value
$606,893
Total market value
$9,291,428
Applied tax rate
1,200.0000
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
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
98
Bathrooms
77
Total area
76,168 SF
Lot
1.56 ac (68,114 SF)
Zoning code
3600:MULTI-FAM,22-28 UNIT
APN
12-2226-003-0010
UPID
US18-5117838
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3600:MULTI-FAM,22-28 UNIT · Bal Harbour, FL
Zoning 3600:MULTI-FAM,22-28 UNIT · permitted uses
3600:MULTI-FAM,22-28 UNIT · Bal Harbour, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bal Harbour. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
98
Bathrooms
77
Lot
1.56 ac
Current owner
From public records · entity-resolved
Beach Haus Bal Harbour LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2666 BRICKELL AVE, MIAMI, FL 33129-2806
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
—
Beach Haus Bal Harbour LLC
—
Deed
related
$9,265,315 · Amerant Bk NA
Jul 19, 2017
$18,000,000
Beach Haus Bal Harbour LLC
Bal Harbour Quarzo LLC
Warranty Deed
—
Jul 19, 2017
—
Beach Haus Bal Harbour LLC
—
Loan Modification
related
$9,265,315 · Mercantil Bk NA
Mar 31, 2010
—
Bal Harbour Quarzo LLC
—
Deed Of Trust
related
$15,500,000 · Mercantile Commerce Bank
Jan 3, 2008
$9,601,100
Bal Harbour Quarzo LLC
John Lang Looby
Warranty Deed
—
—
—
Beach Haus Bal Harbour LLC
—
Loan Modification
related
$9,265,315 · Amerant Bk NA
—
—
Bal Harbour Quarzo LLC
—
Deed Of Trust
related
$15,500,000 · Mercantile Commerce 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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