Property profile

505 SE 16Th St Fort Lauderdale, FL 33316

FOR SALE
Office buildings
Saved see the list in your Dashboard
Property ID
US18-3182353
1,362 SF 0.16 ac Built 1959
Last sale Jun 2023·$3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years.
Market Trends Soon

Property summary

AI-generated overview

The property is a boutique hotel located on SE 16th St in Fort Lauderdale, Florida, comprising 17 guest units arranged across three contiguous lots for a total building area of 21,450 square feet. The site totals 0.492 acres and includes Lot 505, which is approximately 70% undeveloped, offering scope for additional amenities such as a pool/amenity deck and potential uses including co-working or a possible vertical addition of approximately 8–12 units. The hotel is zoned RO, allowing for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$436k
Assessed land$143k
Assessed improvement$293k
Effective rate2.14%

Value estimate

· Nov 2026
$3.83M
$3.44M – $4.21M
AI approach$3.89M
NOI build-up
Gross scheduled income$157k
Vacancy & credit loss−$16k
Operating expenses−$74k
NOI · 1.19% cap applied$67k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$525/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$357 – $720
Qualifying comparables17

Cap rate analysis

How does the asset earn?
1.19%
$67k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RO
The intent of this zone is to promote a mix of residential and office uses that are compatible with residential neighborhoods, allowing p...
General categoryMIXED_USE
JurisdictionBROWARD

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center12.3
Carpet & Flooring Store9.5
Tailor Shop9.3

Location

505 SE 16Th St Fort Lauderdale, FL 33316
County assessor Recorded deeds · not on file 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 20th, Fort Lauderdale, FL 33316-2847 $660,000 Feb 2026 1,658 SF
1409 1st, Fort Lauderdale, FL 33316-1805 $1,300,000 Nov 2024 1,519 SF
305 18th, Fort Lauderdale, FL 33316-2829 $1,350,000 Oct 2024 1,057 SF
1417 1st, Fort Lauderdale, FL 33316-1805 $1,300,000 Sep 2024 1,572 SF
412 13th, Fort Lauderdale, FL 33316-1926 $985,000 Aug 2024 1,412 SF
20 20th, Fort Lauderdale, FL 33316-2845 $588,000 May 2023 1,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?