Luxury Condo-Hotel on Fort Lauderdale
For Sale
$375,000
505 N Fort Lauderdale Bch Blvd Unit 1213, Fort Lauderdale, FL 33304
Corner studio with ocean views, rental income potential.
Property Size868 SF
Price / SF$432.03
Days on Market180
Property Features for 505 N Fort Lauderdale Bch Blvd Unit 1213
General Information
Standard status
Active
Size
868 SF
Property subtype
Hotel/Motel
Amenities
Features: High Impact Doors
Parcel Number: 504201GJ1220, Tax Annual Amount: $5,964, Tax Legal Description: Q CLUB RESORT & RESIDENCES CONDO UNIT 1213 PER CDO BK/PG: 43282/1943, Tax Year: 2025
Flooring: Tile
Garage, Garage Is Attached, Covered Spaces: 1, Garage Spaces: 1
Cooling: Central Air
Heating: Central
Standard Status: Active
Features: 2 Or More Spaces, Parking-Under Building, Valet
Elementary School: Harbordale, Middle Or Junior School: Sunrise, High School: Fort Lauderdale
Features: Clear Impact Glass
Total Bedrooms: 1, Features: Primary Bath Shower, Primary Bath Tub
Living Area: 868, Architectural Style: High Rise, Construction Materials: CBS Construction, Year Built: 2006, Year Built Details: Resale, Building Area Total: 868, Building Name: Hilton Q Club, Entry Level: 10, Furnished: Furnished,Turn Key Furnished, Structure Type: Condo-Hotel, Hotel
Maintenance Expense: 2178
County Or Parish: Broward County, MLS Area Major: Q Club Resort & Residence, Subdivision Name: Q CLUB RESORT & RESIDENCE, Unit Number: 1213
Leasable Area Units: Square Feet, Property Attached, Property Condition: Updated/Remodeled, View, View: Ocean View, Direct Ocean, Water View, Waterfront, Waterfront Features: Ocean Front
Full Bathrooms: 1, Half Bathrooms: 1, Bathrooms Total: 2
Possession: Negotiable
Inclusions: Deeded Beach Access
Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa
Patio/Porch: Patio
Features: Lobby, Other
Features: Doorman, Guard At Site, Lobby Secured
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Fee: $75, Fee Frequency: Annually, Amenities: Bar, Cabana, Exercise Room, Heated Pool, Other, Pool, Private Beach Pavilion, Spa/Hot Tub
Building Details
Year Built
2006
Listing Agency:
Marlin Realty Inc
(954) 735-7791
Listed By:
Samuel Fugina · License #3332259
(954) 774-2477
Source:
Riserealty
Added: Mar 10
Changed: Sep 4
Last Checked: Sep 4 at 4:41AM
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 Marlin Realty Inc
Investment Insights
Based on property information with market context.
Unit 1215 at The Q Club is a studio-style residence located directly on Fort Lauderdale Beach. This corner unit features a private balcony that offers views of the ocean and Intracoastal Waterway. The residence is fully furnished and includes a sleeping area, bathroom, and kitchenette. The property is suitable for vacation getaways or as an income-producing property through a rental program. Residents have access to amenities such as an oceanfront pool, fitness center, spa, restaurants, concierge service, and valet service. The property is located near the beach and a short distance from dining, shopping, and nightlife options in Las Olas.
Key Highlights
- Directly on Fort Lauderdale Beach with ocean and Intracoastal views.
- Income‑producing potential through Hilton's rental program.
- Fully furnished studio‑style residence with kitchenette and private balcony.
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
$13,034
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
3.48%
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%
$260,680
$260.7K
Cap Rate 7%
$186,200
$186.2K
Cap Rate 9%
$144,822
$144.8K
Market Conditions
NOI Build-Up for 868 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
$25.0K $28.80/SF
− Vacancy
−$1.3K −$1.50/SF
EGI
$23.7K $27.30/SF
− OpEx
−$10.7K −$12.29/SF
NOI
$13.0K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$260,680
Cap Rate 7%
$186,200
Cap Rate 9%
$144,822
Alternative Uses
Best Use
Apartment 5plus
$186.2K
$162.9K – $217.2K
NOI $13,034 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.3K
$510.4K – $680.5K
NOI $40,831 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Corner studio with ocean views, rental income potential.
Where is this short term rental property located?
The property is located at 505 N Fort Lauderdale Bch Blvd Unit 1213 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Directly on Fort Lauderdale Beach with ocean and Intracoastal views.; Income‑producing potential through Hilton's rental program.; Fully furnished studio‑style residence with kitchenette and private balcony.
