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Property profile & analytics
OFF-MARKET
Estimated value
$23,310,000
Hotels
50 12th St Miami, FL 33130-5217
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-4499876
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Construction
METAL FRAME
Total area
261,512 SF
Lot
0.86 ac (37,500 SF)
Zoning code
6408:RAPID TRANS-HI DENS
APN
01-0208-090-1020
UPID
US18-4499876
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Amazon Locker - Olympus Postal Service Courier Service
-
Hospitality Operations, Inc. Property Management Company
-
Celebrity Cruise Line Resort
-
Hotel Brickel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.31M
Owner & transaction history
Brickell Hotel Group Lllp · 16 yrs held
Brickell Hotel Group Lllp
since 2010
3 recorded transactions
Zoning & alternative use
6408:RAPID TRANS-HI DENS · 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%
$32,795,000
6.5%
$30,270,000
7%
$28,110,000
Blend value · Realmo final
$23.31M
Range $20.98M – $25.64M · ±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
$89 / 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
$700,615
Tax year 2023
Assessed value
$35,200,000
Assessed 2023
Previous assessed
$35,200,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$24,375,000
Assessed improvement
$10,825,000
Land market value
$24,375,000
Improvement market value
$10,825,000
Total market value
$35,200,000
Applied tax rate
101.0000
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
2011
Construction
METAL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
15
Units
221
Bathrooms
221
Total area
261,512 SF
Lot
0.86 ac (37,500 SF)
Zoning code
6408:RAPID TRANS-HI DENS
APN
01-0208-090-1020
UPID
US18-4499876
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6408:RAPID TRANS-HI DENS · Miami, FL
Zoning 6408:RAPID TRANS-HI DENS · permitted uses
6408:RAPID TRANS-HI DENS · 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
2011
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
15
Units
221
Bathrooms
221
Lot
0.86 ac
Current owner
From public records · entity-resolved
Brickell Hotel Group Lllp
Entity
Mailing address
50 SW 12TH ST #6, MIAMI, FL 33130-5217
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2010
—
Brickell Hotel Group Lllp
Wolfson,bernard
Grant Deed
$10,000,000 · Monday Morning Mtg & Inv Co
Dec 20, 2007
$6,062,500
Wolfson Bernard Tr
Coral Way LLC
Grant Deed
—
—
—
Brickell Hotel Group Lllp
—
Loan Modification
related
$22,765,840 · Wells Fargo Bk
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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