Q Club Oceanfront Resort
New
For Sale
$375,000
505 N Fort Lauderdale Bch Blvd 1213, Fort Lauderdale, FL 33304
Unit includes two queen beds, a pull-out sofa, full kitchen, and access to hotel amenities.
Property Size868 SF
Days on Market5
Property Features for 505 N Fort Lauderdale Bch Blvd 1213
General Information
Standard status
Active
Size
868 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,964
Amenities
large outdoor pool
full-service spa
bars and restaurants
valet parking
room service
concierge
Building Details
Building Size
868 SF
Year Built
2006
Stories
25
Listing Agency:
Marlin Realty Inc
(954) 774-2477
Listed By:
Samuel Fugina · License #3332259
(954) 774-2477
Source:
Elliman
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 23 at 9:59AM
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.
This Q Club resort residence occupies the 13 stack and provides unobstructed ocean views from the 12th floor. The layout accommodates up to 6 guests with 2 queen beds in the bedroom and a pull-out sofa in the living room. A full kitchen supports in-unit meal preparation, while the bathroom includes a separate shower, jetted tub, and dual vanities.
The resort is located at 505 N Fort Lauderdale Bch Blvd in Fort Lauderdale, directly on the oceanfront. Property amenities include a 6th-floor outdoor pool and sky terrace, full-service spa, four bars and restaurants, rooftop Nube restaurant, Sun Surf and Sand restaurant, and sushi service. Additional services include valet parking, room service, and 24/7 concierge support.
Ownership includes access to the Hilton owners rental program, with personal vacation use stated as up to 120 days per year, including 60 days between Nov 15 and Apr 15. The building was completed in 2006.
The resort is located at 505 N Fort Lauderdale Bch Blvd in Fort Lauderdale, directly on the oceanfront. Property amenities include a 6th-floor outdoor pool and sky terrace, full-service spa, four bars and restaurants, rooftop Nube restaurant, Sun Surf and Sand restaurant, and sushi service. Additional services include valet parking, room service, and 24/7 concierge support.
Ownership includes access to the Hilton owners rental program, with personal vacation use stated as up to 120 days per year, including 60 days between Nov 15 and Apr 15. The building was completed in 2006.
Key Highlights
- Direct oceanfront resort location at 505 N Fort Lauderdale Bch Blvd
- 13 stack unit with unobstructed 12th floor ocean views
- Sleeps up to 6 with 2 queen beds and a pull‑out sofa
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
Hotel Hospitality
$120.2K
$105.2K – $140.2K
NOI $8,413 @ 7.0% cap · market cap 2.24%
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
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Resort - Unit includes two queen beds, a pull-out sofa, full kitchen, and access to hotel amenities.
Where is this resort located?
The property is located at 505 N Fort Lauderdale Bch Blvd 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: Direct oceanfront resort location at 505 N Fort Lauderdale Bch Blvd; 13 stack unit with unobstructed 12th floor ocean views; Sleeps up to 6 with 2 queen beds and a pull‑out sofa
