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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Hotels
340 Biscayne Blvd Miami, FL 33132-2211
Entity Owned
Free & Clear
Property ID
US18-5486892
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Construction
CONCRETE
Total area
127,739 SF
Lot
0.93 ac (40,350 SF)
Zoning code
6401:COMMERCIAL
APN
01-0108-030-1010
UPID
US18-5486892
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
-
SP+ Parking Parking Lot & Garage
-
Holiday Inn Port of Miami-Downtown, an IHG Hotel Hotel & Motel
-
Stubhub Miami Ultra 2017 Event Planning
-
Group Getaway! Four Comfy Units for 16 in Downtown! Pool, Steps to Attractions! Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.28M
Owner & transaction history
Cirrus 340bb Lender LLC
Cirrus 340bb Lender LLC
since 2026
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$49 / 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
$609,687
Tax year 2023
Assessed value
$29,000,000
Assessed 2023
Previous assessed
$19,000,000
+52.6% YoY
Effective rate
2.10%
On assessed value
Assessed land
$28,245,000
Assessed improvement
$755,000
Land market value
$28,245,000
Improvement market value
$755,000
Total market value
$29,000,000
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
1950
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
10
Units
200
Total area
127,739 SF
Lot
0.93 ac (40,350 SF)
Zoning code
6401:COMMERCIAL
APN
01-0108-030-1010
UPID
US18-5486892
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
1950
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
10
Units
200
Lot
0.93 ac
Current owner
From public records · entity-resolved
Cirrus 340bb Lender LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1010 S FEDERAL HWY STE #2900, HALLANDALE BEACH, FL 33009-7184
Ownership since
2026
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
Apr 7, 2026
—
Cirrus 340bb Lender LLC
340 Biscayne Owner LLC
Special Warranty Deed
—
Aug 8, 2017
—
340 Biscayne Owner LLC
—
Deed
related
$18,240,790 · Firstbank Florida
Jul 18, 2016
$42,500,000
Kawa 340 Biscayne LLC
340 Biscayne Owner LLC
Trustees Deed
related
$42,500,000 · * Other Institutional Lenders
Jul 18, 2016
—
340 Biscayne Owner LLC
—
Deed
$18,700,000 · Firstbank Florida
Nov 23, 2015
—
Biscayne Owner LLC
Marina Park Inn LLC
Special Warranty Deed
$49,500,000 · Deutsche Bank Ag New York Branch
—
—
340 Biscayne Owner LLC
—
Deed Of Trust
$18,700,000 · Firstbank Florida
—
—
Marina Park Inn LLC
—
Deed Of Trust
related
$11,265,133 · * Other Institutional Lenders
—
—
340 Biscayne Owner LLC
—
Loan Modification
related
$18,240,790 · Firstbank Florida
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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