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Property profile & analytics
OFF-MARKET
Estimated value
$8,500,000
Hotels
6700 7th St Miami, FL 33126-6019
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2842639
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Construction
CONCRETE
Total area
90,023 SF
Lot
2.79 ac (121,358 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-4002-049-0020
UPID
US18-2842639
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
-
SpringHill Suites by Marriott Miami Airport South Blue Lagoon Area Hotel & Motel
-
Entrada Hotel Cambria Suites Miami Airport Hotel & Motel
-
Amazon Locker - Frey Courier Service Postal Service
-
South Florida Best Mold Removal Home Inspector Water Damage Restoration Service
-
6700 NW 7th Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.50M
Owner & transaction history
Mikey Nader Falah · 3 yrs held
Mikey Nader Falah
since 2023
7 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%
$11,290,000
6.5%
$10,420,000
7%
$9,675,000
Blend value · Realmo final
$8.50M
Range $7.65M – $9.35M · ±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
$94 / 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
$187,167
Tax year 2023
Assessed value
$13,100,000
Assessed 2023
Previous assessed
$13,100,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,779,890
Assessed improvement
$10,320,110
Land market value
$2,779,890
Improvement market value
$10,320,110
Total market value
$13,100,000
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
7
Units
150
Total area
90,023 SF
Lot
2.79 ac (121,358 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-4002-049-0020
UPID
US18-2842639
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Units
150
Lot
2.79 ac
Current owner
From public records · entity-resolved
Mikey Nader Falah
Individual
Mailing address
6700 NW 7TH ST, MIAMI, FL 33126-6019
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
Mikey Nader Falah
Linda Falah
Deed
related
—
Oct 2, 2018
—
Monarch Miami L P
—
Deed
related
$208,800,000 · Wells Fargo Bank NA
Sep 7, 2018
$29,250,000
Monarch Miami L P
Nf II Miami South LLC
Special Warranty Deed
—
Jun 27, 2014
$256,000
Nf II Miami South LLC
Blue Lagoon Hospitality LLC
Special Warranty Deed
$18,475,000 · Ge Capital Bank
Sep 25, 2013
—
Blue Lagoon Hospitality LLC
—
Loan Modification
related
$15,000,000 · Ocean Bank
Jul 7, 2011
—
Blue Lagoon Hospitality LLC
—
Deed Of Trust
related
$17,950,000 · Suntrust Bank NA
Jul 9, 2008
$12,050,000
Blue Lagoon Hospitality LLC
Shs Blue Lagoon LLC
Special Warranty Deed
$17,950,000 · Suntrust Bank
Feb 7, 2005
$12,375,000
Shs Blue Lagoon LLC
Aca Investments LLC
Deed Of Trust
$9,000,000 · General Electric Capital Corp
Feb 15, 2000
$1,207,900
Aca Investments LLC
Cantel Center INC
Grant Deed
related
—
—
—
Aca Investments LLC
—
Deed Of Trust
related
$610,200 · Commerce Bank NA
—
—
Monarch Miami LP
—
Deed Of Trust
related
$208,800,000 · 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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