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Property profile & analytics
OFF-MARKET
Estimated value
$10,810,000
Hotels
9650 Bay Hbr Dr Bay Harbor Islands, FL 33154-2104
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0028885
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1946
Construction
CONCRETE
Total area
25,224 SF
Lot
0.5 ac (21,936 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
13-2227-001-2190
UPID
US19-0028885
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
$11.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.58M
Blend (final)
Blend
$10.81M
Owner & transaction history
Bal Bay Inn LLC · 4 yrs held
Bal Bay Inn LLC
since 2021
Last sale
$10.1M
6 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Bay Harbor Islands, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.5M
+39.5%
Retail stores
$14.4M
+22.1%
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 Bay Harbor Islands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Harbor Islands 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
$11,610,000
ML approach
$11,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,820,000
Current use
AUTO REPAIR, GARAGE
$16,490,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$14,430,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$11,080,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.81M
Range $9.73M – $11.89M · ±10% · vs last sale $10.08M (Nov 16 2021)
Last sale anchor
$10.08M
Nov 16 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
$429 / 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
$146,999
Tax year 2023
Assessed value
$8,245,000
Assessed 2023
Previous assessed
$7,180,000
+14.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$5,703,360
Assessed improvement
$2,541,640
Land market value
$5,703,360
Improvement market value
$2,541,640
Total market value
$8,245,000
Applied tax rate
1,300.0000
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
1946
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
46
Total area
25,224 SF
Lot
0.5 ac (21,936 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
13-2227-001-2190
UPID
US19-0028885
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Bay Harbor Islands, FL
Zoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · Bay Harbor Islands, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay Harbor Islands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$16.5M
RETAIL STORES
Est. value
$14.4M
MEDICAL BUILDING
Est. value
$11.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1946
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
46
Lot
0.5 ac
Current owner
From public records · entity-resolved
Bal Bay Inn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1065 KANE CONCOURSE STE #200, BAY HARBOR ISLANDS, FL 33154-2100
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$10,075,000
Bal Bay Inn LLC
Bhi Hotel LLC
Special Warranty Deed
—
Nov 7, 2012
—
Bhi Hotel LLC
—
Deed Of Trust
related
$5,447,649 · Eagle Bank
Dec 21, 2007
$3,916,000
Bhi Hotel LLC
Lankler A M C R A Trust
Grant Deed
$4,260,000 · Branch Bk&tr
Dec 29, 2000
$3,650,000
Alexander M Lankler
Csl Sand Leasing INC
Grant Deed
—
—
—
Bhi Hotel LLC
—
Loan Modification
related
$5,447,649 · Bank Of America
—
—
Bhi Hotel LLC
—
Deed Of Trust
related
$1,187,649 · Branch Banking & Trust Co
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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