Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3010 Collins Ave Miami Beach, FL 33140-4107

    • Hotels
    • 43,602 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2022
    $33,000,000
    Value Estimations
    $33,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8499696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 3010 Collins Ave

    Year built
    1939
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    43,602 SF
    Zone code
    4000:MULTI-FAM,63-100 U/A
    Property type
    Hotels
    APN
    02-3226-001-1200
    APU
    232260011200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $30,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,929,000
      Market price range: $8.59M - $36.9M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1247
    Latitude
    25.8062
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $502,652
    $3,000,000
    $23,600,000
    $26,600,000
    -
    $3,000,000
    $23,600,000
    $26,600,000

    Comparable in this City

    • Value Estimation
      $3,300,000
      66,615 SF

      2469 Collins Ave

      HOTEL • 66,615 SF
      2469 Collins Ave, Miami Beach, FL 33140-4702
      View Details
    • Value Estimation
      $1,975,000
      33,236 SF

      3101 Indian Crk Dr

      HOTEL • 33,236 SF
      3101 Indian Crk Dr, Miami Beach, FL 33140-4112
      View Details
    • Value Estimation by Request
      53,265 SF

      2445 Collins Ave

      HOTEL • 53,265 SF
      2445 Collins Ave, Miami Beach, FL 33140-4702
      View Details
    • Value Estimation by Request
      43,594 SF

      3611 Collins Ave

      HOTEL • 43,594 SF
      3611 Collins Ave, Miami Beach, FL 33140-4009
      View Details
    • Value Estimation by Request
      292,189 SF

      4041 Collins Ave

      HOTEL • 292,189 SF
      4041 Collins Ave, Miami Beach, FL 33140-3713
      View Details
    • Value Estimation
      $8,135,000
      5,867 SF

      220 31st St

      HOTEL • 5,867 SF
      220 31st St, Miami Beach, FL 33140-4103
      View Details

    Similar Nearby for Sale

    • $27,000,000

      Luxury Miami Beach Hotel Investment

      70-Key Hotel, Prime Oceanfront Location
      6080 Collins Ave, Miami Beach, FL 33140
      View Details
    • $415,000

      Deeded Boat Slip in Miami Beach

      Rare 40-foot boat slip with Intracoastal access and included utilities.
      5401 Collins Ave, Miami Beach, FL 33140
      View Details
    • $375,000
      1,130 SF

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $8,995,000

      Mediterranean Style Waterfront Quadplex

      Waterfront quadplex with potential for single-family conversion.
      3921 N Meridian Ave, Miami Beach, FL 33140
      View Details
    • $2,895,000
      0.17 Acres

      Miami Beach Residential Lot Opportunity

      Prime Miami Beach lot for custom luxury residence.
      5838 Alton Rd, Miami Beach, FL 33140
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Professional medical office building with flexible lease terms.
      410 W 41St St, Miami Beach, FL 33140
      View Details

    Similar Nearby for Lease

    • $1.78 SF/Yr
      20,204 SF

      Miami Beach Office Space For Lease

      Prime 750 sq ft office, vibrant Miami Beach location.
      960 41 St, Miami Beach, FL 33140
      View Details
    • Contact for pricing
      12,545 SF

      Prime Miami Beach Retail Space

      Sunset Harbor gem, 12,545 SF available
      1920 Alton Rd, Miami Beach, FL 33140
      View Details
    • Contact for pricing
      6,571 SF

      Prime Miami Beach Retail Space

      Four Suites Available, 993-2090 SF
      340 42 St, Miami Beach, FL 33140
      View Details
    • Contact for pricing
      1,600 SF

      Miami Beach Bar/Cafe Space

      Bar/Cafe space with 4COP liquor license in Miami Beach.
      3865 Indian Creek Dr, Miami Beach, FL 33140
      View Details
    • $5,000 /Mo

      Landmark Miami Beach Office Space

      Prime office and retail spaces in iconic, highly visible building.
      4100 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $45 SF/Yr
      1,667 SF

      Miami Beach Retail Space Available

      Retail space for rent in Miami Beach, Collins Avenue.
      2899 Collins Ave, Miami Beach, FL 33140
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3010 Collins Ave
    Miami Beach, FL 33140-4107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!