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Property profile & analytics
OFF-MARKET
Estimated value
$9,375,000
Hotels
6701 Collins Ave Miami Beach, FL 33141-3242
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8303697
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1957
Construction
CONCRETE
Total area
595,788 SF
Lot
3.82 ac (166,500 SF)
Zoning code
4100:MULTI-FAMILY,101+U/A
APN
02-3211-007-0420
UPID
US18-8303697
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
$9.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.01M
Blend (final)
Blend
$9.38M
Owner & transaction history
Tmg 67 Communities LLC · 2 yrs held
Tmg 67 Communities LLC
since 2024
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
4100:MULTI-FAMILY,101+U/A · 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
Method
Estimation
Statistic approach
$9,375,000
ML approach
$9,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.38M
Range $8.44M – $10.31M · ±10% · vs last sale $9.38M (Apr 10 2024)
Last sale anchor
$9.38M
Apr 10 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
$16 / 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
$1,431,756
Tax year 2023
Assessed value
$75,767,500
Assessed 2023
Previous assessed
$75,767,500
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$75,757,500
Assessed improvement
$10,000
Land market value
$75,757,500
Improvement market value
$10,000
Total market value
$75,767,500
Applied tax rate
200.0000
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Units
540
Bathrooms
538
Total area
595,788 SF
Lot
3.82 ac (166,500 SF)
Zoning code
4100:MULTI-FAMILY,101+U/A
APN
02-3211-007-0420
UPID
US18-8303697
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4100:MULTI-FAMILY,101+U/A · Miami Beach, FL
Zoning 4100:MULTI-FAMILY,101+U/A · permitted uses
4100:MULTI-FAMILY,101+U/A · 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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Units
540
Bathrooms
538
Lot
3.82 ac
Current owner
From public records · entity-resolved
Tmg 67 Communities LLC
Entity
Mailing address
3109 GRAND AVE #349, COCONUT GROVE, FL 33133-5103
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
$9,375,000
Tmg 67 Communities LLC
Deauville Hotel Property LLC
Special Warranty Deed
—
Sep 22, 2022
—
Iris M Fernandez
Arnaldo Fernandez Batista
Assignment Of Sub Lease
—
Sep 17, 2020
—
Deauville Assocs LLC
—
Deed
related
$13,055,319 · Menada INC
Jul 5, 2017
$225,500
Deauville Assocs LLC
Duvilemare LLC
Grant Deed
—
Jul 3, 2017
$347,800
Deauville Assocs LLC
Duvilemare LLC
Warranty Deed
—
Jun 28, 2017
$373,900
Deauville Assocs LLC
Cuenca,amado & Raisa
Warranty Deed
—
Jun 28, 2017
$197,300
Deauville Assocs LLC
Carreno,ramona
Warranty Deed
—
Jun 26, 2017
$229,800
Deauville Assocs LLC
Floridamym LLC
Warranty Deed
—
Jun 26, 2017
$215,800
Deauville Assocs LLC
Duvilemare LLC
Warranty Deed
—
Jun 20, 2017
$229,800
Deauville Assocs LLC
Floridamym LLC
Warranty Deed
—
Jun 20, 2017
—
Deauville Assocs LLC
Duvilemare LLC
Warranty Deed
—
Jun 16, 2017
$225,500
Deauville Assocs LLC
Duvilemare LLC
Warranty Deed
—
Jun 16, 2017
$358,300
Deauville Assocs LLC
Ortiz,barbara M
Warranty Deed
—
Jun 16, 2017
$350,500
Deauville Assocs LLC
Ibarra,roberto & Maria A
Warranty Deed
—
Jun 16, 2017
$346,700
Deauville Assocs LLC
Zaldivar,eida A
Warranty Deed
—
Jun 16, 2017
$236,300
Deauville Assocs LLC
Toledo,yoslaxis
Warranty Deed
—
Nov 22, 2016
$230,000
Deauville Assocs LLC
Salicines,alfonso
Warranty Deed
—
Mar 14, 2000
$14,900
Dimas,israel & Gabriela
Westgate Miami Beach Ltd
Trustees Deed
related
$14,314 · Westgate Miami Beach Ltd
Mar 14, 2000
$10,900
Francois,hialer
Westgate Miami Beach Ltd
Trustees Deed
related
$10,468 · Westgate Miami Beach Ltd
—
—
Deauville Associates LLC
—
Deed Of Trust
related
$16,283,921 · Ocean Bank
—
—
Christina Fabnsworth
—
Deed Of Trust
related
$39,600 · Fec Credit Association FCU
—
—
Deauville Assocs LLC
—
Deed Of Trust
related
$13,055,319 · Menada 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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