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Property profile & analytics
OFF-MARKET
Estimated value
$50,315,000
Hotels
500 Brickell Key Dr Miami, FL 33131-2605
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2772756
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
CONCRETE
Total area
527,824 SF
Lot
2.76 ac (120,233 SF)
Zoning code
CEN HI DENS BORDERS CB
APN
01-4207-003-0010
UPID
US18-2772756
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
-
fhcfhg Clothing & Fashion Store
-
JGS Salon Hair Salon
-
Mandarin Oriental, Miami Hotel & Motel
-
La Mar by Gastón Acurio Restaurant
-
Breakfast By Mandarin Oriental Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$61.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.32M
Owner & transaction history
Swire Brickell Key Hotel Ltd · 8 yrs held
Swire Brickell Key Hotel Ltd
since 2018
5 recorded transactions
Zoning & alternative use
CEN HI DENS BORDERS CB · 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%
$66,190,000
6.5%
$61,100,000
7%
$56,735,000
Blend value · Realmo final
$50.32M
Range $45.28M – $55.35M · ±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
$95 / 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
$1,581,447
Tax year 2023
Assessed value
$79,300,000
Assessed 2023
Previous assessed
$74,500,000
+6.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$57,110,675
Assessed improvement
$22,189,325
Land market value
$57,110,675
Improvement market value
$22,189,325
Total market value
$79,300,000
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
20
Units
326
Bathrooms
329
Total area
527,824 SF
Lot
2.76 ac (120,233 SF)
Zoning code
CEN HI DENS BORDERS CB
APN
01-4207-003-0010
UPID
US18-2772756
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
CEN HI DENS BORDERS CB · Miami, FL
Zoning CEN HI DENS BORDERS CB · permitted uses
CEN HI DENS BORDERS CB · 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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
20
Units
326
Bathrooms
329
Lot
2.76 ac
Current owner
From public records · entity-resolved
Swire Brickell Key Hotel Ltd
Individual
Mailing address
98 SE 7TH ST STE #601, MIAMI, FL 33131-3530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2018
—
Swire Brickell Key Hotel Ltd
—
Deed
related
$81,000,000 · Hsbc Bk USA NA
Apr 1, 2013
—
Swire Brickell Key Hotel Ltd
—
Deed Of Trust
related
$80,110,049 · Hsbc Realty Credit Corp (usa)
—
—
Swire Brickell Key Hotel Ltd
—
Deed Of Trust
related
$35,650,303 · Hsbc Realty Credit Corp (usa)
—
—
Swire Brickell Key Hotel Ltd
—
Loan Modification
related
$87,500,000 · Hsbc Realty Credit Corp (usa)
—
—
Swire Brickell Key Hotel Ltd
—
Loan Modification
related
$81,000,000 · Hsbc Bk USA 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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