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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Hotels
3401 42nd Ave Miami, FL 33142-5628
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2937032
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Construction
CONCRETE
Total area
58,679 SF
Lot
4.19 ac (182,652 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
05-3129-000-0020
UPID
US18-2937032
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
-
Burger plus Restaurant
-
Port Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
42nd Avenue Hospitality LLC · 7 yrs held
42nd Avenue Hospitality LLC
since 2019
3 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · 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
$52 / 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
$263,570
Tax year 2023
Assessed value
$12,700,000
Assessed 2023
Previous assessed
$12,700,000
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$4,200,996
Assessed improvement
$8,499,004
Land market value
$4,200,996
Improvement market value
$8,499,004
Total market value
$12,700,000
Applied tax rate
500.0000
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
3
Stories
5
Units
154
Bathrooms
201
Total area
58,679 SF
Lot
4.19 ac (182,652 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
05-3129-000-0020
UPID
US18-2937032
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
3
Units
154
Bathrooms
201
Lot
4.19 ac
Current owner
From public records · entity-resolved
42nd Avenue Hospitality LLC
Entity
Free & Clear · 7 yrs held
Mailing address
9130 GUILFORD RD, COLUMBIA, MD 21046-1803
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2019
$13,100,000
42nd Avenue Hospitality LLC
Rri III LLC
Special Warranty Deed
—
May 25, 2011
$8,500,000
Rri III LLC
R Roof IV LLC
Special Warranty Deed
—
—
—
Rri III LLC
—
Loan Modification
related
$10,108,928 · German American Capital Corp
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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