16-Room Motel with
For Sale
$4,400,000
4117 N Ocean Boulevard, Fort Lauderdale, FL 33308
Fort Lauderdale motel with mixed room and efficiency accommodations, an outdoor pool, and operating licenses for motel, tobacco, and alcohol sales.
Property Size13,108 SF
Lot Size0.30 Acres
Price / SF$335.67
Days on Market25
Property Features for 4117 N Ocean Boulevard
General Information
Standard status
Active
Size
13,108 SF
Lot size
0.30 Acres
Property subtype
Commercial
Lease Term
[]
Net Operating Income
$346,000
Financials
Asking Price
$4,400,000
Cap Rate
7.86%
Gross Income
$450,000
Business Included
Yes
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
outdoor pool
picnic and barbecue area
retail store
ATM
24-hour front desk
wall and window air conditioning
onsite management
Building Details
Year Built
1967
Listing Agency:
Trustpoint Realty,LLC.
(305) 200-0348
Listed By:
Joseph Suarez · License #3605601
(954) 372-0332
Source:
Onesothebysrealty
Added: Aug 8
Changed: Aug 31
Last Checked: Aug 31 at 8:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trustpoint Realty,LLC.
Investment Insights
Based on property information with market context.
This Fort Lauderdale motel contains 5,959 square feet on a 0.30-acre site and offers 16 units divided between 8 traditional hotel rooms and 8 efficiencies. Property features include an outdoor pool, picnic and barbecue area, retail store, ATM, and 24-hour front desk. Wall and window air-conditioning serve the units, several accommodations have been updated, and onsite management is in place.
The property has direct A1A frontage and sits approximately 500 feet from Fort Lauderdale Beach. Downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale-Hollywood International Airport are accessible from the property. Motel, tobacco, and alcohol licenses are in place, supported by 1 water meter and 8 electric meters. Zoning is RMH-25 - RESIDENTIAL MULTIFAMILY HIGH RISE/MEDIUM DENSITY.
The property has direct A1A frontage and sits approximately 500 feet from Fort Lauderdale Beach. Downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale-Hollywood International Airport are accessible from the property. Motel, tobacco, and alcohol licenses are in place, supported by 1 water meter and 8 electric meters. Zoning is RMH-25 - RESIDENTIAL MULTIFAMILY HIGH RISE/MEDIUM DENSITY.
Key Highlights
- 16 total units: 8 traditional hotel rooms and 8 efficiencies
- 5,959‑square‑foot motel on a 0.30‑acre lot
- Outdoor pool, picnic and barbecue area, retail store, and ATM
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,541,080
$2.5M
Cap Rate 7%
$1,815,057
$1.8M
Cap Rate 9%
$1,411,711
$1.4M
Market Conditions
NOI Build-Up for 13,108 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$298.9K $22.80/SF
− Vacancy
−$31.4K −$2.39/SF
EGI
$267.5K $20.41/SF
− OpEx
−$140.4K −$10.71/SF
NOI
$127.1K $9.69/SF
Area
Fort Lauderdale, FL
Vacancy
10.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,541,080
Cap Rate 7%
$1,815,057
Cap Rate 9%
$1,411,711
Alternative Uses
Best Use
Hotel Hospitality
$1.82M
$1.59M – $2.12M
NOI $127,054 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.81M
$7.71M – $10.28M
NOI $616,600 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Fort Lauderdale motel with mixed room and efficiency accommodations, an outdoor pool, and operating licenses for motel, tobacco, and alcohol sales.
Where is this motel located?
The property is located at 4117 N Ocean Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 16 total units: 8 traditional hotel rooms and 8 efficiencies; 5,959‑square‑foot motel on a 0.30‑acre lot; Outdoor pool, picnic and barbecue area, retail store, and ATM
