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Property profile & analytics
FOR LEASE
Retail residential properties
727 Collins Ave, Miami Beach, FL 33139-6247
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2777703
For Lease
1 / 3
$65 SF/Yr
727 Collins Ave, Miami Beach, FL 33139-6247
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Construction
CONCRETE
Total area
23,356 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-4203-004-0230
UPID
US18-2777703
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
$6.60M
CAP Approach
CAP
$8.49M
Comparable Approach
Comparable
$7.03M
Blend (final)
Blend
$6.60M
Owner & transaction history
Miami 727 Collins LLC · 1 yrs held
Miami 727 Collins LLC
since 2024
Last sale
$6.6M
6 recorded transactions
Zoning & alternative use
6501:COMMERCIAL · 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
$6,600,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
$9,195,000
6.5%
$8,490,000
7%
$7,885,000
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±10% · vs last sale $6.60M (Aug 6 2024)
Last sale anchor
$6.60M
Aug 6 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
$283 / 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
$78,591
Tax year 2023
Assessed value
$4,469,617
Assessed 2023
Previous assessed
$4,469,617
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$969,617
Land market value
$3,500,000
Improvement market value
$969,617
Total market value
$4,469,617
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
1930
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
25
Bathrooms
33
Total area
23,356 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-4203-004-0230
UPID
US18-2777703
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Zoning 6501:COMMERCIAL · permitted uses
6501:COMMERCIAL · 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
1930
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
25
Bathrooms
33
Lot
0.16 ac
Current owner
From public records · entity-resolved
Miami 727 Collins LLC
Entity
Mailing address
675 PONCE DE LEON AVE NE, ATLANTA, GA 30308-1829
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
Miami 727 Collins LLC
—
Deed
related
$4,200,000 · Hakimian Partners LLC
Oct 23, 2024
—
Miami 727 Collins LLC
—
Deed
related
$1,000,000 · Hakimian Partners LLC
Aug 6, 2024
$6,600,000
Miami 727 Collins LLC
Jamestown Premier 727 Collins Avenu
Special Warranty Deed
$7,000,000 · Hakimian Partners LLC
Sep 16, 2015
$12,300,000
Jamestown Premier 727 Collins
727 Collins Acquisition LLC
Grant Deed
—
Aug 6, 2014
—
727 Collins Acquisition LLC
London Arms Of Lyn Mar Ltd
Grant Deed
related
—
Aug 7, 2013
$6,500,000
727 Collins Acquisitions LLC
London Arms Of Lyn Mar Ltd
Grant Deed
—
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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