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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1251 Sunrise Blvd Fort Lauderdale, FL 33304-2810

    • Motels
    • 19,271 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $3,695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1440898
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Travelodge by Wyndham Fort Lauderdale / Hotel & Motel

    Property Details for 1251 Sunrise Blvd

    Year built
    1958
    Construction
    CONCRETE
    Lot size
    0.65 lot acres
    Property size
    19,271 SF
    Zone code
    B-1
    Property type
    Motels
    APN
    49-42-34-04-6550
    APU
    494234046550

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,115,000
      6.5%
      $2,875,000
      7%
      $2,670,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1309
    Latitude
    26.1376
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,163
    $680,690
    $2,941,050
    $3,621,740
    -
    $680,690
    $2,941,050
    $3,621,740

    Comparable in this City

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      $1,880,000
      7,742 SF

      2831 Vistamar St

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      2831 Vistamar St, Fort Lauderdale, FL 33304-4015
      View Details
    • Value Estimation
      $510,000
      1,187 SF

      551 Ft Lauderdale Bch Blvdh610

      HOTEL/MOTEL • 1,187 SF
      551 Ft Lauderdale Bch Blvdh610, Fort Lauderdale, FL 33304-4126
      View Details
    • Value Estimation
      $2,080,000
      8,855 SF

      2901 Belmar St

      MOTEL • 8,855 SF
      2901 Belmar St, Fort Lauderdale, FL 33304-4002
      View Details
    • Value Estimation
      $1,985,000
      5,189 SF

      531 Breakers Ave

      MOTEL • 5,189 SF
      531 Breakers Ave, Fort Lauderdale, FL 33304-4129
      View Details
    • Value Estimation
      $1,555,000
      6,590 SF

      700 Orton Ave

      MOTEL • 6,590 SF
      700 Orton Ave, Fort Lauderdale, FL 33304-4079
      View Details
    • Value Estimation by Request
      636 SF

      2670 Sunrise Blvd, Unit 501

      HOTEL/MOTEL • 636 SF
      2670 Sunrise Blvd, Fort Lauderdale, FL 33304-3206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1 SF

      Entitled Hotel/Condo Development Opportunity

      Shovel-ready 1.51 AC site for hotel or condo development.
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    • New
      $265,000
      533 SF

      Luxury Condo-Hotel on Fort Lauderdale Beach

      Luxury condo-hotel with ocean views, rental income potential.
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      View Details
    • $159,000
      554 SF

      Hotel Suite Near Fort Lauderdale Beach

      Furnished hotel suite with resort amenities, near Fort Lauderdale Beach.
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      View Details
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      Fort Lauderdale Beachfront Condo Hotel

      Furnished condo hotel near Fort Lauderdale Beach with resort amenities.
      505 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304
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      Beachfront Condo Hotel with Terrace

      Furnished suite with ocean view, terrace, and resort amenities.
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    • $12,000,000

      Fort Lauderdale Beachside Hospitality Property

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    Similar Nearby for Lease

    • $2 SF/Yr
      13,263 SF

      Galleria Corporate Centre Office Suite

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      View Details
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      Ft. Lauderdale Flex Space For Lease

      Prime Flex Space, 1700 sq ft, Ft. Lauderdale
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      View Details
    • $2 SF/Yr
      10,726 SF

      Prime Northeast Warehouse Space

      10,726 SF Warehouse, 6 Parking Spots
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      View Details
    • $50 SF/Yr

      Flagler Village Retail/Office Space

      2,000 SF retail or creative office space in Flagler Village.
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      View Details
    • $45 SF/Yr

      Turn-Key Restaurant in Gateway Center

      Fully equipped restaurant/caf opportunity in high-traffic Fort Lauderdale location.
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      View Details
    • $3,500 /Mo

      Poinsettia Heights Duplex with Pool

      2-bedroom duplex with private pool, hot tub, and outdoor kitchen.
      1334 NE 16Th Ave, Fort Lauderdale, FL 33304
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      712
    • Avg Time on site
      151 min
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    Fort Lauderdale, FL 33304-2810
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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