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Property profile & analytics
OFF-MARKET
Commercial land
6 Fisher Is Dr Miami Beach, FL 33109-0006
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4041929
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1988
Construction
STEEL FRAME
Total area
1,120 SF
Lot
6.51 ac (283,706 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-4210-000-0021
UPID
US18-4041929
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Prh Parcel 7 Owner LLC · 3 yrs held
Prh Parcel 7 Owner LLC
since 2022
Last sale
$122.6M
3 recorded transactions
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · 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
—
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
$1,497,564
Tax year 2023
Assessed value
$95,448,414
Assessed 2023
Previous assessed
$95,448,414
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$94,629,000
Assessed improvement
$819,414
Land market value
$94,629,000
Improvement market value
$819,414
Total market value
$95,448,414
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
1,120 SF
Lot
6.51 ac (283,706 SF)
Zoning code
5000:HOTELS&MOTELS-GEN
APN
30-4210-000-0021
UPID
US18-4041929
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Miami Beach, FL
Zoning 5000:HOTELS&MOTELS-GEN · permitted uses
5000:HOTELS&MOTELS-GEN · 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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
6.51 ac
Current owner
From public records · entity-resolved
Prh Parcel 7 Owner LLC
Entity
Mailing address
2850 TIGERTAIL AVE, MIAMI, FL 33133-5306
Ownership since
2022
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
Jun 21, 2024
—
Prh Parcel 7 Owner LLC
—
Deed
related
$360,000,000 · Fisher Island Lender 1 LLC
Sep 15, 2022
$122,600,000
Prh Parcel 7 Owner LLC
Par 7 LLC
Special Warranty Deed
$76,500,000 · Fisher Island Lender 1 LLC
Jun 18, 2007
—
Par 7 LLC
Fisher Island Holdings LLC
Special Warranty Deed
$65,000,000 · Ubs Real Estate Investments 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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