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    711 72nd Ave Miami, FL 33126-3001
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    Property profile & analytics

    711 72nd Ave, Miami, FL 33126-3001

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    • Hotels
    • 570,000 SF
    • 20.05 lot acres
    Off-Market
    Property ID
    US18-2657512
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Naurys Med Spa & Beauty / Hair Salon / Nail Salon
    • DoubleTree Hilton Miami Convention Center / Training Center / Tutoring Service
    • Kube Kreative / Marketing & Advertising / Advertising Agency
    • Honduran consulate / Government Office
    • Berquez Consulting Firm / Consultant / Accounting Firm

    Property Details for 711 72nd Ave

    Year built
    1968
    Lot size
    20.05 lot acres
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Hotels
    Property subtype
    Motels
    APN
    30-3052-000-0050
    APU
    3030520000050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2006 $200,000 Trendy Style LLC Kaczmarek,martin R Grant Deed —
    Nov 23, 2005 $588,900 Bag Town INC South Florida Hotel INC Grant Deed $441k · Unibank
    Nov 7, 2005 $476,946 Energyro Corp South Florida Hotel INC Grant Deed $382k · Great Florida Bank
    Oct 12, 2005 — Sf Hotels INC South Florida Hotel INC Grant Deed $50M · Column Financial INC
    Oct 8, 2005 $696,206 Ks International Corp South Florida Hotel INC Grant Deed $557k · Great Florida Bank
    Jul 6, 2005 $361,600 Vicente A Sotolongo South Florida Hotel INC Grant Deed $294k · Bank Of America
    Jun 30, 2005 $304,500 Lord Lady Of Miami INC South Florida Hotel INC Special Warranty Deed $281k · Wachovia Sba Lending INC
    Jun 28, 2005 $598,398 Next Fashion Jewelry INC South Florida Hotel INC Grant Deed $479k · Great Florida Bank
    Jun 28, 2005 $206,900 Miguel Ruiz-funes South Florida Hotel INC Grant Deed —
    Mar 23, 2005 $450,600 Edgar Pacheco South Florida Hotel INC Special Warranty Deed $364k · Bayview Financial Small Business Fu
    Dec 13, 2004 $519,894 Medinas Collections INC South Florida Hotel INC Grant Deed $208k · Bank Of America
    Sep 8, 2004 $358,422 Ok Investments INC South Florida Hotel INC Grant Deed $269k · Totalbank
    Aug 9, 2004 $170,400 International Packing System I South Florida Hotel INC Grant Deed $85k · Continental Nat'l Bank Miami
    Aug 9, 2004 $458,400 Sun Jewelry & Art INC South Florida Hotel INC Grant Deed $229k · Continental Nat'l Bank Miami
    Aug 4, 2004 $196,600 Nirmal K Dadlani South Florida Hotel INC Grant Deed —
    Jul 26, 2004 $1,373,343 Domani Krizzia INC South Florida Hotel INC Grant Deed $824k · Bank Of The West
    Jul 16, 2004 $403,300 Minas Jewelry INC South Florida Hotel INC Grant Deed $202k · Continental Nat'l Bank Miami
    Jun 8, 2004 $89,900 Tas & Tria INC South Florida Hotel INC Grant Deed —
    May 27, 2004 $140,200 Roberto Guerra South Florida Hotel INC Grant Deed —
    May 27, 2004 $117,300 Roberto Guerra South Florida Hotel INC Grant Deed —
    May 21, 2004 $129,000 Nikki Danielle INC South Florida Hotel INC Grant Deed —
    May 21, 2004 $255,200 Floats INC South Florida Hotel INC Grant Deed $205k · Wachovia Bank NA
    Oct 8, 1997 $16,666,665 South Florida Hotel INC Mmh Venture Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3103
    Latitude
    25.7788
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $474,179
    $0.00
    $0.00
    $28,700,000
    -
    $0.00
    $0.00
    $28,700,000

    Comparable in this City

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      $1,490,000
      22,788 SF

      7675 12th St

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      7675 12th St, Miami, FL 33126-1916
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    • Value Estimation
      $3,260,000
      33,676 SF

      4251 11th St

      MOTEL
      4251 11th St, Miami, FL 33126-2630
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    • Value Estimation
      $9,555,000
      113,534 SF

      4101 11th St

      HOTEL
      4101 11th St, Miami, FL 33126-3602
      View Details
    • Value Estimation
      $9,775,000
      118,313 SF

      777 57th Ave

      HOTEL
      777 57th Ave, Miami, FL 33126-2001
      View Details
    • Value Estimation by Request
      859,230 SF

      5101 Waterford District Dr

      HOTEL
      5101 Waterford District Dr, Miami, FL 33126-2021
      View Details
    • Value Estimation
      $10,325,000
      123,389 SF

      5710 Waterford District Dr

      HOTEL
      5710 Waterford District Dr, Miami, FL 33126-2014
      View Details

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    • $40 SF/Yr

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      Office Space for Rent

      Office space available for lease in Miami, Florida.
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      3,684 SF

      Doral Warehouse Near Expressways

      Warehouse space in Doral, close to major expressways and airport.
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    Miami, FL 33126-3001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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