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Property profile & analytics
OFF-MARKET
Estimated value
$20,325,000
Hotels
3900 21st St Miami, FL 33142-6704
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3583447
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1976
Construction
CONCRETE
Total area
242,951 SF
Lot
4.8 ac (209,088 SF)
Zoning code
7600:INTENSIVE USE
APN
30-3129-017-0010
UPID
US18-3583447
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
-
Agencia Maritima Transmares Costa Rica Freight Service Logistics Company
-
Car Rental Miami Car Rental Facility
-
Mbark Bar & Pub Restaurant
-
Carnival cruise Cruise Terminal
-
The Rickenbacker Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.33M
Owner & transaction history
3900 Nw LLC · 11 yrs held
3900 Nw LLC
since 2015
7 recorded transactions
Zoning & alternative use
7600:INTENSIVE USE · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,465,000
6.5%
$28,125,000
7%
$26,115,000
Blend value · Realmo final
$20.33M
Range $18.29M – $22.36M · ±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
$84 / 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
$507,803
Tax year 2023
Assessed value
$30,000,000
Assessed 2023
Previous assessed
$26,900,000
+11.5% YoY
Effective rate
1.69%
On assessed value
Assessed land
$8,363,520
Assessed improvement
$21,636,480
Land market value
$8,363,520
Improvement market value
$21,636,480
Total market value
$30,000,000
Applied tax rate
3,000.0000
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
1976
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
4
Stories
10
Units
405
Bathrooms
405
Total area
242,951 SF
Lot
4.8 ac (209,088 SF)
Zoning code
7600:INTENSIVE USE
APN
30-3129-017-0010
UPID
US18-3583447
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7600:INTENSIVE USE · Miami, FL
Zoning 7600:INTENSIVE USE · permitted uses
7600:INTENSIVE USE · 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
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
10
Buildings
4
Units
405
Bathrooms
405
Lot
4.8 ac
Current owner
From public records · entity-resolved
3900 Nw LLC
Entity
Mailing address
623 5TH AVE30FL, NEW YORK, NY 10022-6831
Ownership since
2015
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
Jan 26, 2026
—
3900 Nw Owner LLC
—
Deed
related
$59,250,000 · Argentic Real Estate Investment 2 LLC
Jul 27, 2018
—
3900 Nw LLC
—
Loan Modification
related
$57,500,000 · Pacific Wstrn Bk
Jun 22, 2015
—
3900 Nw LLC
Thi IV Miami LLC
Special Warranty Deed
$56,429,694 · Deutsche Bank Ag Newyork Branch
Oct 26, 2004
$12,500,000
Thi IV Miami LLC
Pah-river House
Deed Of Trust
related
$15,055,000 · Barclays Capital R E INC
—
—
Thi IV Miami LLC
—
Deed Of Trust
related
$8,945,000 · Wells Fargo Bank
—
—
Thi IV Miami LLC
—
Deed Of Trust
related
$19,000,000 · Wells Fargo Bank
—
—
Thi IV Miami LLC
—
Deed Of Trust
related
$17,500,000 · Wells Fargo Bank
—
—
Thi IV Miami LLC
—
Deed Of Trust
related
$25,000,000 · Goldman Sachs Mortgage Co
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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