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Property profile & analytics
OFF-MARKET
Estimated value
$16,200,000
Hotels
5111 36th St Miami, FL 33166
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3803066
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Total area
54,027 SF
Lot
0.67 ac (29,400 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
05-3119-013-4470
UPID
US18-3803066
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
$16.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.98M
Blend (final)
Blend
$16.20M
Owner & transaction history
Habitus Spv Miami Airport Bb1 LLC · 1 yrs held
Habitus Spv Miami Airport Bb1 LLC
since 2024
Last sale
$16.2M
2 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · 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
$16,200,000
ML approach
$16,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$25,315,000
Current use
MEDICAL BUILDING
$23,730,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$16.20M
Range $14.58M – $17.82M · ±10% · vs last sale $16.20M (Aug 9 2024)
Last sale anchor
$16.20M
Aug 9 2024
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
$300 / 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
$152,292
Tax year 2023
Assessed value
$7,100,000
Assessed 2023
Previous assessed
$6,200,000
+14.5% YoY
Effective rate
2.14%
On assessed value
Assessed land
$1,323,000
Assessed improvement
$5,777,000
Land market value
$1,323,000
Improvement market value
$5,777,000
Total market value
$7,100,000
Applied tax rate
500.0000
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
1986
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
110
Bathrooms
112
Total area
54,027 SF
Lot
0.67 ac (29,400 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
05-3119-013-4470
UPID
US18-3803066
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$25.3M
MEDICAL BUILDING
Est. value
$23.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
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
1986
Heating
NONE
Cooling
Yes
Stories
6
Units
110
Bathrooms
112
Lot
0.67 ac
Current owner
From public records · entity-resolved
Habitus Spv Miami Airport Bb1 LLC
Entity
Mailing address
6420 CONGRESS AVE STE #1850, BOCA RATON, FL 33487-2896
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$16,200,000
Habitus Spv Miami Airport Bb1 LLC
Onyx Miami Springs Hotel LLC
Special Warranty Deed
$11,000,000 · Bluebird Credit Em LLC
Jan 8, 2020
$10,300,000
Onyx Miami Springs Hotel LLC
First Choice Hotel Holdings INC
Special Warranty Deed
$8,300,000 · First Choice Hotel Holdings INC
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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