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Property profile & analytics
OFF-MARKET
Estimated value
$13,615,000
Hotels
3901 117th Ave Miami, FL 33175-1705
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5172028
Property summary
AI-generated overview
This 132-key Comfort Suites hotel in Miami, Florida, presents a compelling investment opportunity. Built in 1999, this five-story, 74,305-square-foot property sits on a 2.3-acre lot (APN: 30-4018-070-0030) and is zoned UC-MC. Its convenient location directly off the Florida Turnpike ensures excellent visibility and accessibility, boasting an average annual daily traffic count of approximately 50,400 vehicles on the nearby intersection of SW 117th Avenue and SW 40th Street. The hotel benefits from its established brand recognition within the Miami-Fort Lauderdale-Pompano Beach MSA, a region with over 6 million residents. The property's current operational performance offers potential for significant revenue per available room (RevPAR) growth through enhanced management and marketing strategies. The limited availability of comparable hospitality properties in South Florida further underscores this investment's potential. This established hotel offers investors the chance to capitalize on a strong brand and a thriving market, with the possibility of upgrading the property to a higher-tier brand. The address is 3901 SW 117th Ave, Miami, FL 33175.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
CONCRETE
Total area
74,305 SF
Lot
2.3 ac (100,144 SF)
Zoning code
6074
APN
30-4018-070-0030
UPID
US18-5172028
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
-
Comfort Suites Miami - Kendall Hotel & Motel
-
Living UpWord Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.28M
CAP Approach
CAP
$8.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.62M
Owner & transaction history
Onyx Kendall Hotel LLC · 3 yrs held
Onyx Kendall Hotel LLC
since 2023
Last sale
$16.0M
1 recorded transaction
Zoning & alternative use
6074 · 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)
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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
$12,500,000
ML approach
$9,280,000
CAP Approach
CAP Return
Estimation
6%
$9,530,000
6.5%
$8,795,000
7%
$8,170,000
Blend value · Realmo final
$13.62M
Range $12.25M – $14.98M · ±10% · vs last sale $16.00M (Jul 10 2023)
Last sale anchor
$16.00M
Jul 10 2023
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
$183 / 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
$190,475
Tax year 2023
Assessed value
$11,600,000
Assessed 2023
Previous assessed
$10,100,000
+14.9% YoY
Effective rate
1.64%
On assessed value
Assessed land
$5,507,920
Assessed improvement
$6,092,080
Land market value
$5,507,920
Improvement market value
$6,092,080
Total market value
$11,600,000
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
132
Bathrooms
132
Total area
74,305 SF
Lot
2.3 ac (100,144 SF)
Zoning code
6074
APN
30-4018-070-0030
UPID
US18-5172028
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6074 · Miami, FL
Zoning 6074 · permitted uses
6074 · 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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
132
Bathrooms
132
Lot
2.3 ac
Current owner
From public records · entity-resolved
Onyx Kendall Hotel LLC
Entity
Mailing address
6420 CONGRESS AVE STE #1850, BOCA RATON, FL 33487-2896
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$16,000,000
Onyx Kendall Hotel LLC
Litowitz Group Ltd
Special Warranty Deed
$11,250,000 · Sungold Lender LLC
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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