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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Hotels
7320 Byron Ave Miami Beach, FL 33141-2613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8505452
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1941
Construction
CONCRETE
Total area
9,121 SF
Lot
0.17 ac (7,500 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-3202-003-0810
UPID
US18-8505452
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
$3.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$3.35M
Owner & transaction history
Sunshine Land Development LLC · 4 yrs held
Sunshine Land Development LLC
since 2021
Last sale
$3.1M
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
Retail stores
$5.2M
+20.4%
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
$3,570,000
ML approach
$3,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,275,000
Current use
RETAIL STORES
$5,150,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$4,005,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10% · vs last sale $3.10M (Dec 22 2021)
Last sale anchor
$3.10M
Dec 22 2021
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
$367 / 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
$50,265
Tax year 2023
Assessed value
$2,660,000
Assessed 2023
Previous assessed
$2,500,000
+6.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$900,000
Assessed improvement
$1,760,000
Land market value
$900,000
Improvement market value
$1,760,000
Total market value
$2,660,000
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
Off-Market
Year built
1941
Construction
CONCRETE
Heating
NONE
Stories
2
Units
16
Bathrooms
16
Total area
9,121 SF
Lot
0.17 ac (7,500 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-3202-003-0810
UPID
US18-8505452
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
HOTEL/MOTEL Current
Est. value
$4.3M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.0M
HOTEL/MOTEL Current
RETAIL STORES
MEDICAL BUILDING
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
1941
Construction
CONCRETE
Heating
NONE
Stories
2
Units
16
Bathrooms
16
Lot
0.17 ac
Current owner
From public records · entity-resolved
Sunshine Land Development LLC
Entity
Mailing address
4775 COLLINS AVE APT #3504, MIAMI BEACH, FL 33140-3269
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$3,100,000
Sunshine Land Development LLC
7320 Byron LLC
Special Warranty Deed
$2,240,000 · Iberiabank
Jul 17, 2019
—
7320 Byron LLC
—
Deed
related
$1,750,000 · Biscayne Bk
Jan 20, 2016
$3,810,000
7320 Byron LLC
Marpaz LLC
Warranty Deed
—
Jun 18, 2015
$3,400,000
Marpaz LLC
Nb Byron LLC
Warranty Deed
$2,000,000 · Nb Byron LLC
Apr 2, 2013
$1,248,000
Nb Byron LLC
Liberty Investment Miami LLC
Warranty Deed
$1,041,000 · Florida Community Bank
Jul 14, 2005
$1,350,000
Liberty Investment Miami LLC
Leander Properties Nv INC
Warranty Deed
$1,050,000 · Desjardins Bank NA
May 20, 2004
$970,000
Leander Properties Nv
Carrio,santiago A
Grant Deed
$609,969 · Beach Bank
May 14, 2002
$580,000
Santiago A Carrio
Mondesir,leon
Grant Deed
$435,000 · Terrabank
Dec 19, 2000
$478,900
Leon Mondesir
Lavelanet,gertrude
Grant Deed
$311,260 · First Union National Bank
—
—
Gertrude Lavelanet
—
Deed Of Trust
related
$275,000 · Sound Mortgage INC
—
—
Leon Mondesir
—
Deed Of Trust
related
$50,000 · Mark Feinstein
—
—
7320 Byron LLC
—
Deed Of Trust
related
$1,750,000 · Biscayne Bk
—
—
Liberty Investment Miami LLC
—
Deed Of Trust
related
$200,000 · Floritel 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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