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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Hotels
455 Ocean Dr Miami Beach, FL 33139-6613
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-1725394
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1941
Construction
CONCRETE
Total area
50,131 SF
Lot
1.89 ac (82,276 SF)
Zoning code
3004:MULTI-FAMILY
APN
02-4203-012-0190
UPID
US18-1725394
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Savoy Hotel Partners LLC · 21 yrs held
Savoy Hotel Partners LLC
since 2005
7 recorded transactions
Zoning & alternative use
3004:MULTI-FAMILY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$56 / 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
$280,710
Tax year 2023
Assessed value
$18,828,500
Assessed 2023
Previous assessed
$17,932,000
+5.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$18,826,500
Assessed improvement
$2,000
Land market value
$18,826,500
Improvement market value
$2,000
Total market value
$18,828,500
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
1941
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
44
Total area
50,131 SF
Lot
1.89 ac (82,276 SF)
Zoning code
3004:MULTI-FAMILY
APN
02-4203-012-0190
UPID
US18-1725394
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3004:MULTI-FAMILY · Miami Beach, FL
Zoning 3004:MULTI-FAMILY · permitted uses
3004:MULTI-FAMILY · 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.
Building & site characteristics
From public records
Year built
1941
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
44
Lot
1.89 ac
Current owner
From public records · entity-resolved
Savoy Hotel Partners LLC
Entity
Free & Clear · 21 yrs held
Mailing address
455 OCEAN DR, MIAMI BEACH, FL 33139-6613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
Savoy Hotel Partners LLC
—
Deed
related
$45,000,000 · Deutsche Bank Trust Co Americas
Dec 27, 2018
—
Savoy Hotel Partners LLC
—
Loan Modification
related
$38,750,000 · Goldman Sachs Bk USA
Dec 27, 2017
—
Savoy Hotel Partners LLC
—
Grant Deed
related
$110,000,000 · Goldman Sachs Bk USA
Jun 27, 2005
$28,000,000
Savoy Hotel Partners LLC
Arden Savoy Partners LLC
Grant Deed
related
—
—
—
Savoy Hotel Partners LLC
—
Deed Of Trust
related
$1,000,000 · Slo Funding LLC
—
—
Savoy Hotel Partners LLC
—
Deed Of Trust
related
$2,673,275 · Slo Funding LLC
—
—
Savoy Hotel Partners LLC
—
Deed Of Trust
related
$15,000,000 · Goldman Sachs Bank USA
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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