New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Motels
1510 Ocean Dr, Hollywood, FL 33019-3317
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4944724
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1949
Construction
CONCRETE
Total area
6,113 SF
Lot
0.32 ac (13,851 SF)
Zoning code
BRT-25-A1A-C
APN
51-42-12-01-0210
UPID
US18-4944724
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
-
Ocean Mist Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.40M
Owner & transaction history
Oceana Beach LLC · 2 yrs held
Oceana Beach LLC
since 2024
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
BRT-25-A1A-C · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+37.1%
Neighborhood: shopping center
$4.1M
+4.6%
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 Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollywood 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,900,000
Current use
RESTAURANT
$5,345,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,075,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,600,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Jan 3 2024)
Last sale anchor
$3.40M
Jan 3 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
$556 / 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
$63,406
Tax year 2023
Assessed value
$3,217,500
Assessed 2023
Previous assessed
$2,905,630
+10.7% YoY
Effective rate
1.97%
On assessed value
Assessed land
$832,030
Assessed improvement
$2,385,470
Land market value
$832,030
Improvement market value
$2,385,470
Total market value
$3,217,500
Applied tax rate
513.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
16
Bathrooms
13
Total area
6,113 SF
Lot
0.32 ac (13,851 SF)
Zoning code
BRT-25-A1A-C
APN
51-42-12-01-0210
UPID
US18-4944724
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BRT-25-A1A-C · Hollywood, FL
Zoning BRT-25-A1A-C · permitted uses
BRT-25-A1A-C · Hollywood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.9M
RESTAURANT
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1949
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
16
Bathrooms
13
Lot
0.32 ac
Current owner
From public records · entity-resolved
Oceana Beach LLC
Entity
Mailing address
1510 N OCEAN DR, HOLLYWOOD, FL 33019-3317
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$3,400,000
Oceana Beach LLC
Ocean Mist Motel LLC
Warranty Deed
$500,000 · Ocean Mist Motel LLC
Jan 19, 2005
$2,500,000
Ocean Mist Motel LLC
J-la Hollywood Properties LLC
Warranty Deed
—
Apr 14, 2004
$1,800,000
J-la Hollywood Properties INC
Ddm Real Estate Holding Co
Grant Deed
$1,350,000 · Natbank NA
Apr 10, 2001
$850,000
Ddm Real Estate Holding Co
Sevens Of Hollywood LLC
Grant Deed
$595,000 · Landmark Bank
—
—
Ddm Real Estate Holding Co
—
Deed Of Trust
related
$215,000 · Landmark Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1510 Ocean Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
