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Property profile & analytics
FOR SALE
Hotels
6945 Abbott Ave Miami Beach, FL 33141
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2527209
For Sale
1 / 12
$10,000,000
6945 Abbott Ave, Miami Beach, FL 33141
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1939
Construction
CONCRETE
Total area
4,519 SF
Lot
0.14 ac (6,150 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-3211-001-0290
UPID
US18-2527209
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$4.00M
Owner & transaction history
Abbott M 6945 LLC · 1 yrs held
Abbott M 6945 LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+57.8%
Office building
$3.1M
+45.6%
Auto repair, garage
$3.0M
+39.5%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,340,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$3,080,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,955,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,550,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Dec 19 2024)
Last sale anchor
$4.00M
Dec 19 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
$885 / 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
$37,793
Tax year 2023
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$1,700,000
+17.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,045,500
Assessed improvement
$954,500
Land market value
$1,045,500
Improvement market value
$954,500
Total market value
$2,000,000
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
For Sale
Year built
1939
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
11
Bathrooms
11
Total area
4,519 SF
Lot
0.14 ac (6,150 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-3211-001-0290
UPID
US18-2527209
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Zoning 3900:MULTI-FAM,38-62 U/A · permitted uses
3900:MULTI-FAM,38-62 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1939
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
11
Bathrooms
11
Lot
0.14 ac
Current owner
From public records · entity-resolved
Abbott M 6945 LLC
Entity
Mailing address
460 NE 28TH STCU1, MIAMI, FL 33137-5091
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$4,000,000
Abbott M 6945 LLC
Adhenis Inv LLC
Warranty Deed
$2,400,000 · Chemtov Mortgage Group Corp
Sep 8, 2022
—
Adhenis Inv LLC
The Alpha House INC
Warranty Deed
$2,000,000 · New Wave Loans Residential LLC
Sep 19, 2017
—
The Alpha House INC
—
Deed
related
$175,000 · First Home Bank
Jul 26, 2016
—
Alpha House INC
—
Deed
related
$1,400,000 · First Nat'l Bk/s Miami
—
—
Alpha House INC
—
Deed Of Trust
related
$1,000,000 · Landmark Bk
—
—
Alpha House INC
—
Deed Of Trust
related
$403,000 · Interbay Funding LLC
—
—
Alpha House INC
—
Deed Of Trust
related
$1,400,000 · First Nat'l Bk/s Miami
—
—
Alpha House INC
—
Deed Of Trust
related
$445,000 · Connolly Risa D Trust (pt)
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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