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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Hotels
1 Ft Lauderdale Bch Blvd 1505, Fort Lauderdale, FL 33304-4392
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-1462902
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
CONCRETE
Total area
820 SF
Zoning code
PRD
APN
50-42-12-DB-0050
UPID
US18-1462902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Photography Concierge Photography Service (Bike/Boat/Book/etc) Store
-
Burlock Coast Restaurant
-
The Ritz-Carlton Spa, Fort Lauderdale Spa & Massage Center
-
The Ritz-Carlton, Fort Lauderdale Hotel & Motel
-
ISLAND STYLE - Resort Wear Sunglasses Store Swimwear Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Chand Hoodbhoy · 2 yrs held
Chand Hoodbhoy
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
PRD · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,150,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Apr 15 2024)
Last sale anchor
$1.15M
Apr 15 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,402 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,721
Tax year 2023
Assessed value
$986,590
Assessed 2023
Previous assessed
$986,590
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed improvement
$986,590
Improvement market value
$986,590
Total market value
$986,590
Applied tax rate
312.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
820 SF
Zoning code
PRD
APN
50-42-12-DB-0050
UPID
US18-1462902
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PRD · Fort Lauderdale, FL
Zoning PRD · permitted uses
PRD · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Current owner
From public records · entity-resolved
Chand Hoodbhoy
Individual
Free & Clear · 2 yrs held
Mailing address
2266 CORAL RDG AVE, HENDERSON, NV 89052-2368
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Chand Hoodbhoy
Ludwig N Hantson
Re-recorded Document
related
—
Apr 15, 2024
$1,150,000
Chand Hoodbhoy
Ludwig N Hantson
Warranty Deed
—
May 4, 2015
$640,000
Ludwig N Hantson
Dilorenzo Julie C
Grant Deed
—
Jul 12, 2013
$639,900
Amkb 2013 Trust
Suntrust Bk
Grant Deed
—
Feb 15, 2013
—
Suntrust Bk
Terman,sheldon S
Warranty Deed
—
Feb 18, 2009
—
Sheldon S Terman
Terman,sheldon S
Quit Claim Deed
related
—
Oct 8, 2008
—
Terman Family Trust
Terman,sheldon S
Quit Claim Deed
related
—
Jun 20, 2007
$1,375,000
Sheldon S Terman
Castillo Grand LLC
Condominium Deed
$1,100,000 · Suntrust Mortgage INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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