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Property profile & analytics
OFF-MARKET
Estimated value
$7,725,000
Hotels
1140 Seabreeze Blvd, Fort Lauderdale, FL 33316-2426
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5926265
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1964
Construction
CONCRETE
Total area
92,209 SF
Lot
0.86 ac (37,665 SF)
Zoning code
RMH-60
APN
50-42-13-02-0030
UPID
US18-5926265
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
-
Salty Siren Restaurant
-
La Sirena Spa Alternative Medicine Practice Spa & Massage Center
-
Naked Crab Restaurant
-
B Ocean Resort Fort Lauderdale Beach Hotel & Motel Resort
-
The Wreck Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.96M
Blend (final)
Blend
$7.73M
Owner & transaction history
Fll Ocean Hotel Owner LLC · 4 yrs held
Fll Ocean Hotel Owner LLC
since 2021
7 recorded transactions
Zoning & alternative use
RMH-60 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±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
$84 / 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
$745,189
Tax year 2023
Assessed value
$37,846,580
Assessed 2023
Previous assessed
$30,915,720
+22.4% YoY
Effective rate
1.97%
On assessed value
Assessed land
$3,769,140
Assessed improvement
$34,077,440
Land market value
$3,769,140
Improvement market value
$34,077,440
Total market value
$37,846,580
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
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
8
Units
147
Total area
92,209 SF
Lot
0.86 ac (37,665 SF)
Zoning code
RMH-60
APN
50-42-13-02-0030
UPID
US18-5926265
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Zoning RMH-60 · permitted uses
RMH-60 · 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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
8
Units
147
Lot
0.86 ac
Current owner
From public records · entity-resolved
Fll Ocean Hotel Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
910 SE 17TH ST, FORT LAUDERDALE, FL 33316-2968
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Fll Ocean Hotel Owner LLC
—
Deed
related
$123,000,000 · Deutsche Bank National Trust Co
Oct 18, 2021
—
Fll Ocean Hotel Owner LLC
Crp Insite Clipper LLC
Special Warranty Deed
—
Feb 20, 2018
—
Crp Of Insite Clipper LLC
—
Deed
related
$106,000,000 · Ladder Cap Fin II LLC
Dec 5, 2014
$8,000,000
A1a Clipper LLC
Alber,patrick & Susak K
Quit Claim Deed
related
—
Dec 5, 2014
—
Crp Of Insite Clipper LLC
—
Grant Deed
related
$98,747,665 · Ladder Cap Fin
Mar 17, 2010
—
Alber Patrick Trust
Alber,patrick
Quit Claim Deed
related
—
Jan 26, 2009
—
Alber Timothy Trust
Alber,timothy
Quit Claim Deed
related
—
—
—
A1a Clipper LLC
—
Deed Of Trust
related
$24,408,974 · Wachovia Bank NA
—
—
Crp Of Insite Clipper LLC
—
Loan Modification
related
$106,000,000 · Ladder Cap Fin II LLC
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.
Try Rey
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