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Property profile & analytics
FOR SALE
Hotels
321 Collins Ave Miami Beach, FL 33139
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0081524
For Sale
1 / 7
$730,000
321 Collins Ave, Miami Beach, FL 33139
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1937
Construction
CONCRETE
Total area
9,776 SF
Lot
0.15 ac (6,500 SF)
Zoning code
3003:MULTI-FAMILY
APN
02-4203-003-0530
UPID
US18-0081524
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Bcd 3 LLC · 2 yrs held
Bcd 3 LLC
since 2023
5 recorded transactions
Zoning & alternative use
3003:MULTI-FAMILY · Miami Beach, 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 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
by Request
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$75 / 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
$87,681
Tax year 2023
Assessed value
$4,640,000
Assessed 2023
Previous assessed
$4,600,000
+0.9% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,860,000
Assessed improvement
$1,780,000
Land market value
$2,860,000
Improvement market value
$1,780,000
Total market value
$4,640,000
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
For Sale
Year built
1937
Construction
CONCRETE
Heating
NONE
Stories
2
Units
23
Bathrooms
23
Total area
9,776 SF
Lot
0.15 ac (6,500 SF)
Zoning code
3003:MULTI-FAMILY
APN
02-4203-003-0530
UPID
US18-0081524
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3003:MULTI-FAMILY · Miami Beach, FL
Zoning 3003:MULTI-FAMILY · permitted uses
3003:MULTI-FAMILY · 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.
Building & site characteristics
From public records
Year built
1937
Construction
CONCRETE
Heating
NONE
Stories
2
Units
23
Bathrooms
23
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bcd 3 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1521 ALTON RD #529, MIAMI BEACH, FL 33139-3301
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
—
Bcd 3 LLC
—
Deed
related
$10,400,000 · Maxim Credit Group LLC
Dec 19, 2023
—
Bcd 3 LLC
Husa Lh Jz LLC
Warranty Deed
—
Apr 18, 2018
$6,800,000
Husa Lh Jz LLC
Jazz On South Beach LLC
Warranty Deed
—
Jun 6, 2007
$3,750,000
Jazz On South Beach LLC
Matmo Ents INC
Warranty Deed
$2,625,000 · Totalbank
Jun 11, 2001
$1,175,000
Matmo Enterprises INC
321 Collins INC
Grant Deed
$822,500 · Totalbank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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