1255 Hypoluxo Rd, Unit 101 Lantana, FL 33462-4223
Property Lookup
Property profile & analytics
1255 Hypoluxo Rd, Unit 101 Lantana, FL 33462-4223
- Hotels
- 12,768 SF
- 3.84 lot acres
Property ID
US18-0480445
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1255 Hypoluxo Rd
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 3.84 lot acres
- Property size
- 12,768 SF
- Zone code
- C1
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 40-43-45-04-11-002-0030
- APU
- 40434504110020030
Description
This 125-room Super 8 by Wyndham hotel in Lantana, Florida, presents a compelling investment opportunity. Located on a 3.84-acre lot directly off I-95, this property boasts high visibility and convenient access to major transportation routes. Built in 1987, the hotel features an exterior corridor design and is situated in the desirable Palm Beach County market, benefiting from a robust economy and strong tourism. The property includes amenities such as an outdoor pool and sun deck, and a guest laundry. While 35 rooms are currently unavailable (half awaiting inspection following renovations, with supplies secured for approximately 70 room renovations), significant recent renovations totaling approximately $600,000 have been completed over the past 36 months. The estimated cost for a change of ownership PIP is approximately $200,000, requiring verification by Wyndham Hotels. The hotel's location offers considerable upside potential, with historical room revenues ranging from $2.2 million to $2.7 million. The property's strategic location near Lantana Beach, Boynton Beach, and West Palm Beach, along with proximity to major attractions and Palm Beach International Airport (PBI), ensures a consistent flow of leisure and business travelers. The 2023 Net Operating Income (NOI) was $711,100, indicating strong performance and further growth potential. The property is zoned C1 and has four one-story buildings. This is a rare chance to acquire a well-positioned hotel with significant upside in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,595,000
Market price range: $768k - $3.90M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $5,350,000 Current use
- AUTO REPAIR, GARAGE
- $5,255,000 Change: -2% Conversion: Difficult
- MEDICAL BUILDING
- $5,030,000 Change: -6% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,645,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lantana
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0647
- Latitude
- 26.5728
- 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
$74,715
$1,663,700
$2,085,489
$3,749,189
-
$1,663,700
$2,085,489
$3,749,189
