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Property profile & analytics
OFF-MARKET
Estimated value
$19,155,000
Hotels
316 2nd Ave Miami, FL 33132
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0786573
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1926
Construction
CONCRETE
Total area
74,143 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0110-020-1010
UPID
US19-0786573
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
by Request
Blend (final)
Blend
$19.16M
Owner & transaction history
146 Biscayne Owner LLC · 4 yrs held
146 Biscayne Owner LLC
since 2022
Last sale
$25.8M
7 recorded transactions
Zoning & alternative use
6401:COMMERCIAL · 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
$24,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.16M
Range $17.24M – $21.07M · ±10% · vs last sale $25.75M (Apr 23 2022)
Last sale anchor
$25.75M
Apr 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
$258 / 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
$417,720
Tax year 2023
Assessed value
$22,100,000
Assessed 2023
Previous assessed
$22,500,000
-1.8% YoY
Effective rate
1.89%
On assessed value
Assessed land
$5,250,000
Assessed improvement
$16,850,000
Land market value
$5,250,000
Improvement market value
$16,850,000
Total market value
$22,100,000
Applied tax rate
101.0000
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
1926
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
2
Stories
17
Units
241
Bathrooms
241
Total area
74,143 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0110-020-1010
UPID
US19-0786573
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6401:COMMERCIAL · Miami, FL
Zoning 6401:COMMERCIAL · permitted uses
6401:COMMERCIAL · 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
1926
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
17
Buildings
2
Units
241
Bathrooms
241
Lot
0.17 ac
Current owner
From public records · entity-resolved
146 Biscayne Owner LLC
Entity
Mailing address
375 PARK AVE FL #10, NEW YORK, NY 10152-1005
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2022
$25,750,000
146 Biscayne Owner LLC
Hhr Downtown Miami LP
Special Warranty Deed
$22,180,371 · Msd Rcof Partners Xlvi LLC
Aug 11, 2014
—
Hhr Eat Downtown Miami LLC
Crp Of Insite Biscayne LLC
Quit Claim Deed
related
—
Aug 11, 2014
$57,500,000
Hhr Eat Downtown Miami LLC
Crp Of Insite Biscayne LLC
Grant Deed
—
Sep 13, 2011
$13,500,000
Crp Of Insite Biscayne LLC
316 Northeast Second Street Ow
Grant Deed
—
Sep 13, 2011
—
Crp Of Insite Biscayne LLC
316 Northeast Second Street Ow
Quit Claim Deed
related
—
Dec 16, 2005
$31,000,000
Northeast Second Street Ow 316
Belgrano Properties Corp
Grant Deed
—
Dec 16, 2005
—
1825 Collins Avenue Owner LLC
—
Deed Of Trust
related
$114,546,000 · Hypro R/e Capital Corp
—
—
Sherry E Candelaria
—
Deed Of Trust
related
$70,000 · Home Financing Center INC
—
—
Northeast Second Street Ow 316
—
Deed Of Trust
related
$21,500,000 · Lehman Brothers Bank Fsb
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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