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Property profile & analytics
OFF-MARKET
Estimated value
$10,325,000
Hotels
5710 Waterford District Dr Miami, FL 33126-2014
Entity Owned
10-yr Hold
Free & Clear
Property ID
US19-0461225
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
CONCRETE
Total area
123,389 SF
Lot
4.91 ac (213,731 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3051-051-0100
UPID
US19-0461225
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
$14.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.33M
Owner & transaction history
Summit Hospitality 130 LLC · 10 yrs held
Summit Hospitality 130 LLC
since 2015
5 recorded transactions
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · 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%
$15,475,000
6.5%
$14,285,000
7%
$13,265,000
Blend value · Realmo final
$10.33M
Range $9.29M – $11.36M · ±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
$84 / 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
$233,224
Tax year 2023
Assessed value
$14,300,000
Assessed 2023
Previous assessed
$14,300,000
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$5,770,737
Assessed improvement
$8,529,263
Land market value
$5,770,737
Improvement market value
$8,529,263
Total market value
$14,300,000
Applied tax rate
3,000.0000
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
156
Total area
123,389 SF
Lot
4.91 ac (213,731 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3051-051-0100
UPID
US19-0461225
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Zoning 7300:INDUSTRIAL,HVY MFG · permitted uses
7300:INDUSTRIAL,HVY MFG · 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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
156
Lot
4.91 ac
Current owner
From public records · entity-resolved
Summit Hospitality 130 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
12600 HL COUNTRY BLVD STE R-100, AUSTIN, TX 78738-6748
Ownership since
2015
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
Oct 21, 2015
$37,700,000
Summit Hospitality 130 LLC
Noble I/hy Miami LLC
Grant Deed
—
May 25, 2011
$18,350,000
Noble I/hy Miami LLC
Fan Pier Land Company
Special Warranty Deed
$80,000,000 · Wells Fargo Bank NA
Jan 18, 2006
$18,400,000
Fan Pier Land Co
Miami Summerfield Owners LLC
Grant Deed
—
Jan 3, 2005
$15,160,000
Miami Summerfield Owners LLC
Patriot American Hospitality Prtnrs
Special Warranty Deed
$77,250,000 · Lehman Brothers Holding
May 15, 1998
$3,250,000
Miami Airport Summerfield
Teachers Insurance & Annuity
Grant Deed
—
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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