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Property profile & analytics
OFF-MARKET
Estimated value
$48,500,000
Turn key restaurants
1555 17th St, Fort Lauderdale, FL 33316-1701
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4509282
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Construction
CONCRETE
Total area
13,362 SF
Lot
0.7 ac (30,668 SF)
Zoning code
B-1
APN
50-42-14-16-0712
UPID
US18-4509282
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
-
Boatyard Restaurant Bar & Pub
-
RESTAURANTE Nightclub DJ & Entertainment
-
Boatyard Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$48.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.50M
Owner & transaction history
Bhp 17th Street Ftl Owner LLC · 2 yrs held
Bhp 17th Street Ftl Owner LLC
since 2024
Last sale
$48.5M
2 recorded transactions
Zoning & alternative use
B-1 · 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
$48,500,000
ML approach
$48,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$48.50M
Range $43.65M – $53.35M · ±10% · vs last sale $48.50M (May 24 2024)
Last sale anchor
$48.50M
May 24 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
$3,630 / 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
$114,604
Tax year 2023
Assessed value
$6,549,470
Assessed 2023
Previous assessed
$6,549,470
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$920,040
Assessed improvement
$5,629,430
Land market value
$920,040
Improvement market value
$5,629,430
Total market value
$6,549,470
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
13,362 SF
Lot
0.7 ac (30,668 SF)
Zoning code
B-1
APN
50-42-14-16-0712
UPID
US18-4509282
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · 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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Bhp 17th Street Ftl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2850 TIGERTAIL AVE STE #800, MIAMI, FL 33133-5346
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$48,500,000
Bhp 17th Street Ftl Owner LLC
M Viii Quay Owner LLC
Special Warranty Deed
—
Apr 5, 2019
$43,000,000
M-viii Quay Owner LLC
Quay Partners LLC
Trustees Deed
related
$28,600,000 · Cit Bk NA
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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