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Property profile & analytics
OFF-MARKET
Estimated value
$14,925,000
Hotels
3501 42nd Ave Miami, FL 33142-5647
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0871898
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1991
Construction
CONCRETE
Total area
67,047 SF
Lot
3.32 ac (144,619 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
05-3129-021-0020
UPID
US19-0871898
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
-
wallgreens Pharmacy
-
La Quinta Inn & Suites by Wyndham Miami Airport East Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.93M
Owner & transaction history
709 Investment II LLC · 3 yrs held
709 Investment II LLC
since 2022
Last sale
$17.0M
5 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
Method
Estimation
Statistic approach
$15,710,000
ML approach
$9,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.93M
Range $13.43M – $16.42M · ±10% · vs last sale $17.00M (Sep 1 2022)
Last sale anchor
$17.00M
Sep 1 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
$223 / 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
$299,949
Tax year 2023
Assessed value
$13,600,000
Assessed 2023
Previous assessed
$6,600,000
+106.1% YoY
Effective rate
2.21%
On assessed value
Assessed land
$2,458,523
Assessed improvement
$11,141,477
Land market value
$2,458,523
Improvement market value
$11,141,477
Total market value
$13,600,000
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
1991
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
145
Total area
67,047 SF
Lot
3.32 ac (144,619 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
05-3129-021-0020
UPID
US19-0871898
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
1991
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
145
Lot
3.32 ac
Current owner
From public records · entity-resolved
709 Investment II LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6501 ARLINGTON EXPY100#A, JACKSONVILLE, FL 32211-5779
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$17,000,000
709 Investment II LLC
Cavalier Florida LP
Special Warranty Deed
—
Mar 28, 2022
—
Cavalier Florida LP
Cplg Fl Properties LLC
Special Warranty Deed
$104,020,000 · Deutsche Bank National Trust Co
May 24, 2007
—
Bre Of Lq Fl Properties LLC
—
Deed Of Trust
related
$185,000,000 · Bank Of America
May 14, 2007
—
Bre Of Lq Fl Properties LLC
La Quinta Properties INC
Grant Deed
$2,075,000,000 · Bank Of America
Sep 15, 2004
$5,498,300
Laquinta Properties INC
Beck Of Marcus Assocs-miami Arpt
Warranty Deed
—
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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