Sleep Inn Miami Airport | 105 Fairway Dr
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Sleep Inn Miami Airport 105 Fairway Dr
118 Room Hotel Miami Springs, FL 33166 $17,000,000 ($144,068/Room)
Executive Summary
105 Fairway Drive in Miami Springs, FL, is a prime investment opportunity for hospitality or full-service investors, located across the street from MIA, Miami International Airport in the #305. This 42,172 SF property, built in 1999 and renovated in 2018 and additional updates in 2023, includes 118 units with the potential to add an additional 100–200 more, That's up to 318 KEYS. Located in the Airport District & zoned for Hotel/Motel use, it offers strong development potential with a 1.0 FAR and a max height of 70 feet (five stories). With 99 parking spaces (29 more than required), the property is ready for expansion. Investors can build up to 199,938 SF of unused units, maximizing the site’s value. Its strategic location and infrastructure make it an ideal asset in a booming market.
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $17,000,000 | Building Size | 42,172 SF |
| Price Per Room | $144,068 | No. Rooms | 118 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.25/1,000 SF |
| Lot Size | 2.78 AC | Corridor | Interior |
| Price | $17,000,000 |
| Price Per Room | $144,068 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.78 AC |
| Building Size | 42,172 SF |
| No. Rooms | 118 |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2023 |
| Tenancy | Single |
| Parking Ratio | 2.25/1,000 SF |
| Corridor | Interior |
Amenities
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 118 | $198.00 | - |
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PROPERTY TAXES
| Parcel Number | 05-3119-025-0030 | Total Assessment | $8,200,000 (2024) |
| Land Assessment | $4,236,925 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,963,075 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
05-3119-025-0030
Land Assessment
$4,236,925 (2024)
Improvements Assessment
$3,963,075 (2024)
Total Assessment
$8,200,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
zoning
| Zoning Code | 3702 |
| 3702 |
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Sleep Inn Miami Airport | 105 Fairway Dr
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