Beachfront Condo Hotel with
For Sale
$465,000
505 N Fort Lauderdale Beach Blvd 1618, Fort Lauderdale, FL 33304
Luxury condo hotel with ocean view and private terrace.
Property Size1,028 SF
Days on Market173
Property Features for 505 N Fort Lauderdale Beach Blvd 1618
General Information
Standard status
Active
Size
1,028 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,618
Building Details
Building Size
1,028 SF
Year Built
2006
Stories
25
Listing Agency:
RE/MAX Advance Realty II
(305) 801-9637
Listed By:
Christopher Lardner · License #550119
(305) 801-9637
Source:
Elliman
Added: Mar 11
Changed: Aug 26
Last Checked: Aug 29 at 1:24PM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to own a suite in a beachfront condo hotel. The unit features a direct ocean view and an extra-large private terrace. It is fully furnished and includes one bedroom, two full bathrooms, and a full kitchen. The property is located steps away from Fort Lauderdale Beach's white sands, boardwalk, restaurants, and shops, and minutes from Downtown, Las Olas, and the airport. Resort-style amenities are available, including multiple restaurants and bars, a 24-hour fitness center, a spa, a pool, room service, and a business center. The property is located at 505 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304.
Key Highlights
- Direct ocean view and extra‑large private terrace.
- Fully furnished one‑bedroom suite with two full bathrooms and full kitchen.
- Beachfront location with direct access to Fort Lauderdale Beach.
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
$15,437
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
3.32%
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%
$308,740
$308.7K
Cap Rate 7%
$220,529
$220.5K
Cap Rate 9%
$171,522
$171.5K
Market Conditions
NOI Build-Up for 1,028 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
$29.6K $28.80/SF
− Vacancy
−$1.5K −$1.50/SF
EGI
$28.1K $27.30/SF
− OpEx
−$12.6K −$12.29/SF
NOI
$15.4K $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%
$308,740
Cap Rate 7%
$220,529
Cap Rate 9%
$171,522
Alternative Uses
Best Use
Apartment 5plus
$220.5K
$193.0K – $257.3K
NOI $15,437 @ 7.0% cap · market cap 3.32%
Second Best
Hotel Hospitality
$142.3K
$124.6K – $166.1K
NOI $9,964 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$690.8K
$604.5K – $806.0K
NOI $48,357 @ 7.0% cap · market cap 10.40%
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
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Frequently Asked Questions
What type of property is this?
Hotel - Luxury condo hotel with ocean view and private terrace.
Where is this hotel located?
The property is located at 505 N Fort Lauderdale Beach Blvd 1618 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Direct ocean view and extra‑large private terrace.; Fully furnished one‑bedroom suite with two full bathrooms and full kitchen.; Beachfront location with direct access to Fort Lauderdale Beach.
