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 Market71
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.
Listed By:
Joseph Suarez · License #3366522
(305) 300-2804
Source:
Onesothebysrealty
Added: Aug 8
Changed: Oct 6
Last Checked: Oct 16 at 8:49AM
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.
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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 / Yr
$127,054
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
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- Residence Inn Fort Lauderdale Intracoastal/Il Lugano — 3333 NE 32nd Ave, Fort Lauderdale, FL 33308
- 3400 Galt Ocean Drive South — 3400 Galt Ocean Dr, Fort Lauderdale, FL 33308
- Dpto en Miami — 3200 NE 36th St, Fort Lauderdale, FL 33308
- Hotel — 3621 N Ocean Blvd, Fort Lauderdale, FL 33308
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
