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    OFF-MARKET
    Hotels

    3611 Collins Ave Miami Beach, FL 33140-4009

    43,594 SF 0.78 ac lot Built 1938
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US19-0379455
    Google Maps
    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 1938
    Construction CONCRETE
    Total area 43,594 SF
    Lot 0.78 ac (33,800 SF)
    Zoning code 4100:MULTI-FAMILY,101+U/A
    APN 02-3226-001-1560
    UPID US19-0379455
    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
    by Request
    Owner & transaction history
    Westgate South Beach LLC · 4 yrs held
    Westgate South Beach LLC
    since 2022
    Last sale
    $73.0M
    7 recorded transactions
    2023
    Price N/A
    2022
    $11,900
    2021
    $17,300
    2020
    Price N/A
    2014
    Price N/A
    2014
    Price N/A
    2011
    Price N/A
    Zoning & alternative use
    4100:MULTI-FAMILY,101+U/A · Miami Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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