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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Hotels
1 Ft Lauderdale Bch Blvd 1703, Fort Lauderdale, FL 33304-4392
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-2016083
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
CONCRETE
Total area
1,196 SF
Zoning code
PRD
APN
50-42-12-DB-0240
UPID
US18-2016083
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 Clothing Store Boutique
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$510k
Owner & transaction history
Ojeil Holdings LLC · 16 yrs held
Ojeil Holdings LLC
since 2010
3 recorded transactions
Zoning & alternative use
PRD · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$765,000
+25.9%
Office building
$730,000
+20.1%
Retail stores
$675,000
+11.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$610,000
Current use
WAREHOUSE, STORAGE
$765,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$426 / 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
$18,638
Tax year 2023
Assessed value
$1,039,760
Assessed 2023
Previous assessed
$1,047,670
-0.8% YoY
Effective rate
1.79%
On assessed value
Assessed improvement
$1,039,760
Improvement market value
$1,039,760
Total market value
$1,039,760
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
2
Total area
1,196 SF
Zoning code
PRD
APN
50-42-12-DB-0240
UPID
US18-2016083
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$765,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$675,000
MEDICAL BUILDING
Est. value
$555,000
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Current owner
From public records · entity-resolved
Ojeil Holdings LLC
Entity
Free & Clear · 16 yrs held
Mailing address
2375 MOQUIN BROSSARD QC CANADA RUE QC
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2010
$837,200
Ojeil Holdings LLC
Ftl Cgu 1703 LLC
Grant Deed
—
Oct 8, 2009
$684,200
Ftl Cgu 1703 LLC
Cg Lpu Lc
Warranty Deed
—
Feb 18, 2008
—
Cg Lpu LLC
Castillo Grand LLC
Warranty Deed
—
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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