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Property profile & analytics
OFF-MARKET
Estimated value
$16,625,000
Hotels
944 Collins Ave Miami Beach, FL 33139-5010
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1735396
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1934
Construction
CONCRETE
Total area
18,509 SF
Lot
0.48 ac (21,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1340
UPID
US18-1735396
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
$16.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.63M
Owner & transaction history
944 Collins Avenue LLC · 2 yrs held
944 Collins Avenue LLC
since 2024
Last sale
$16.6M
7 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
$16,625,000
ML approach
$16,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$21,345,000
Current use
Blend value · Realmo final
$16.63M
Range $14.96M – $18.29M · ±10% · vs last sale $16.63M (May 23 2024)
Last sale anchor
$16.63M
May 23 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
$898 / 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
$199,833
Tax year 2023
Assessed value
$11,100,000
Assessed 2023
Previous assessed
$11,100,000
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$10,500,000
Assessed improvement
$600,000
Land market value
$10,500,000
Improvement market value
$600,000
Total market value
$11,100,000
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
1934
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
3
Units
50
Bathrooms
75
Total area
18,509 SF
Lot
0.48 ac (21,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1340
UPID
US18-1735396
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$21.3M
HOTEL/MOTEL Current
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
1934
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Units
50
Bathrooms
75
Lot
0.48 ac
Current owner
From public records · entity-resolved
944 Collins Avenue LLC
Entity
Mailing address
10 STERLING BLVD STE #302, ENGLEWOOD, NJ 07631-4835
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
944 Collins Avenue LLC
—
Deed
related
$27,010,000 · Fbred Bdc Finance LLC
May 23, 2024
$16,625,000
944 Collins Avenue LLC
Hhlp Blue Moon Associates LLC
Special Warranty Deed
—
Aug 18, 2022
—
Hhlp Blue Moon Associates LLC
—
Deed
related
$30,000,000 · Citibank NA
Jul 2, 2020
—
Hhlp Blue Moon Associates LLC
—
Deed
related
$30,000,000 · Citibank NA
Jan 2, 2014
$16,768,700
Hhlp Blue Moon Associates LLC
Crp Of Uh Collins LLC
Grant Deed
—
Jun 23, 2011
$12,580,000
Crp Of Uh Collins LLC
Blue Deco LLC
Grant Deed
—
Nov 13, 2000
$9,400,000
Blue Deco LLC
Griffin South Beach INC
Grant Deed
$7,800,000 · Ocean Bank
Aug 8, 1997
$4,400,000
Griffin South Beach INC
Marjo & Gra Ltd
Grant Deed
—
—
—
Griffin South Beach INC
—
Deed Of Trust
related
$3,225,000 · City National Bank Of Florida
—
—
Blue Deco LLC
—
Deed Of Trust
related
$7,750,000 · Us Century Bank
—
—
Crp Of Uh Ocean LLC
—
Deed Of Trust
related
$20,902,185 · Fifth Third Bank
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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