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Property profile & analytics
OFF-MARKET
Estimated value
$33,405,000
Hotels
3010 Collins Ave Miami Beach, FL 33140-4107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-8499696
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1939
Construction
CONCRETE
Total area
43,602 SF
Lot
0.28 ac (12,000 SF)
Zoning code
4000:MULTI-FAM,63-100 U/A
APN
02-3226-001-1200
UPID
US18-8499696
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
$36.93M
Blend (final)
Blend
$33.41M
Owner & transaction history
3010 Miami Hotel LLC · 3 yrs held
3010 Miami Hotel LLC
since 2022
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.3M
+58.3%
Commercial (general)
$32.2M
+57.8%
Office building
$29.7M
+45.6%
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
Method
Estimation
Statistic approach
$30,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,430,000
Current use
RESTAURANT
$32,335,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,235,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$29,740,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,505,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$33.41M
Range $30.06M – $36.75M · ±10% · vs last sale $33.00M (Sep 23 2022)
Last sale anchor
$33.00M
Sep 23 2022
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
$766 / 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
$502,652
Tax year 2023
Assessed value
$26,600,000
Assessed 2023
Previous assessed
$12,000,000
+121.7% YoY
Effective rate
1.89%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$23,600,000
Land market value
$3,000,000
Improvement market value
$23,600,000
Total market value
$26,600,000
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
Status
Off-Market
Year built
1939
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
7
Units
110
Bathrooms
110
Total area
43,602 SF
Lot
0.28 ac (12,000 SF)
Zoning code
4000:MULTI-FAM,63-100 U/A
APN
02-3226-001-1200
UPID
US18-8499696
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · Miami Beach, FL
Zoning 4000:MULTI-FAM,63-100 U/A · permitted uses
4000:MULTI-FAM,63-100 U/A · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$20.4M
RESTAURANT
Est. value
$32.3M
COMMERCIAL (GENERAL)
Est. value
$32.2M
OFFICE BUILDING
Est. value
$29.7M
AUTO REPAIR, GARAGE
Est. value
$28.5M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1939
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Units
110
Bathrooms
110
Lot
0.28 ac
Current owner
From public records · entity-resolved
3010 Miami Hotel LLC
Entity
Mailing address
3010 COLLINS AVE, MIAMI BEACH, FL 33140-4107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
3010 Miami Hotel LLC
—
Deed
related
$31,000,000 · Goldman Sachs Bank USA
Sep 23, 2022
$33,000,000
3010 Miami Hotel LLC
3010 Collins LLC
Warranty Deed
$31,000,000 · Msd Pcof Partners Lxvii LLC
Jan 4, 2018
—
3010 Collins LLC
—
Deed
related
$14,500,000 · Marquis Bk
Nov 25, 2009
$9,000,000
3010 Collins LLC
Buchbinder,harris J
Warranty Deed
$5,000,000 · Buchbinder Harris J (te)
Mar 5, 2009
$200,000
Buchbinder Harris J Tr
Habana Libre Hotel LLC Coc
Trustees Deed
—
May 16, 2006
$18,900,000
Habana Libre Hotel LLC
Capri Inn Condominium LLC
Warranty Deed
$12,715,307 · Buchbinder Harris J (te)
—
—
3010 Collins LLC
—
Loan Modification
related
$5,000,000 · Marquis Bank
—
—
3010 Collins LLC
—
Loan Modification
related
$14,500,000 · Marquis 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.
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