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Property profile & analytics
OFF-MARKET
Estimated value
$23,680,000
Hotels
426 Meridian Ave Miami Beach, FL 33139
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3358413
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1925
Construction
CONCRETE
Total area
32,859 SF
Lot
0.32 ac (14,000 SF)
Zoning code
6503:COMMERCIAL
APN
02-4203-009-5030
UPID
US18-3358413
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
$23.68M
Owner & transaction history
Cl Meridian Hotel LLC · 4 yrs held
Cl Meridian Hotel LLC
since 2022
Last sale
$30.5M
7 recorded transactions
Zoning & alternative use
6503:COMMERCIAL · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$28,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$37,895,000
Current use
Blend value · Realmo final
$23.68M
Range $21.31M – $26.05M · ±10% · vs last sale $30.50M (Apr 7 2022)
Last sale anchor
$30.50M
Apr 7 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
$721 / 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
$449,741
Tax year 2023
Assessed value
$23,800,000
Assessed 2023
Previous assessed
$10,575,437
+125.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$7,000,000
Assessed improvement
$16,800,000
Land market value
$7,000,000
Improvement market value
$16,800,000
Total market value
$23,800,000
Applied tax rate
200.0000
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
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
70
Bathrooms
70
Total area
32,859 SF
Lot
0.32 ac (14,000 SF)
Zoning code
6503:COMMERCIAL
APN
02-4203-009-5030
UPID
US18-3358413
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6503:COMMERCIAL · Miami Beach, FL
Zoning 6503:COMMERCIAL · permitted uses
6503:COMMERCIAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$37.9M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
70
Bathrooms
70
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cl Meridian Hotel LLC
Entity
Mailing address
7301 SW 57TH CT, SOUTH MIAMI, FL 33143-5317
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$30,500,000
Cl Meridian Hotel LLC
418 Meridian LLC
Special Warranty Deed
$18,300,000 · Bradesco Bac Florida Bank
Apr 25, 2018
—
418 Meridian LLC
—
Deed
related
$7,876,841 · Mercantil Bk NA
Feb 21, 2017
—
418 Meridian LLC
—
Deed
related
$7,889,686 · Mercantil Bk NA
Nov 13, 2014
—
418 Meridian LLC
—
Grant Deed
related
$7,889,686 · Mercantil Commercebank
Jul 24, 2013
$5,550,000
418 Meridian LLC
Leaseflorida 5th St LLC
Grant Deed
$2,775,000 · Meridian Lender LLC
Oct 2, 2012
$200
Leaseflorida 5th St LLC
Plaza Hotel LLC Coc
Trustees Deed
related
—
Apr 13, 2006
$4,000,000
Plaza Hotel LLC
J Cubed LLC
Grant Deed
$3,000,000 · Mellon United National Bank
Sep 27, 2004
$5,600,000
J Cubed LLC
Elvera Trust
Grant Deed
$4,950,000 · Interstate Bank
—
—
418 Meridian LLC
—
Loan Modification
related
$7,889,686 · Mercantil Bk NA
—
—
418 Meridian LLC
—
Loan Modification
related
$7,876,841 · Mercantil Bk NA
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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