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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Bars & Pubs
229 Ft Lauderdale Bch Blvd Fort Lauderdale, FL 33316-1507
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-5367512
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1951
Construction
CONCRETE
Total area
4,120 SF
Lot
0.12 ac (5,138 SF)
Zoning code
PRD
APN
50-42-12-01-0280
UPID
US18-5367512
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
-
Blondies Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
El-ad Fl Beach Cr LLC · 14 yrs held
El-ad Fl Beach Cr LLC
since 2012
6 recorded transactions
Zoning & alternative use
PRD · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+26.5%
Office building
$1.0M
+13.2%
Neighborhood: shopping center
$945,000
+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 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
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$900,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$920,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$905,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$250 / 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
$33,918
Tax year 2023
Assessed value
$1,442,730
Assessed 2023
Previous assessed
$1,442,730
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$514,160
Assessed improvement
$928,570
Land market value
$514,160
Improvement market value
$928,570
Total market value
$1,442,730
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
4,120 SF
Lot
0.12 ac (5,138 SF)
Zoning code
PRD
APN
50-42-12-01-0280
UPID
US18-5367512
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PRD · Fort Lauderdale, FL
Zoning PRD · permitted uses
PRD · 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.
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$905,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1951
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
El-ad Fl Beach Cr LLC
Entity
Free & Clear · 14 yrs held
Mailing address
229 S FT LAUDERDALE BCH BLVD, FORT LAUDERDALE, FL 33316-1507
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2017
—
Sophia Ents INC
—
Deed
related
$10,500,000 · Florida Cmnty Bk
Mar 29, 2012
$6,500,000
El-ad Fl Beach Cr LLC
El-ad Fl Beach LLC
Grant Deed
related
—
Nov 22, 2011
—
El-ad Fl Beach LLC
—
Deed Of Trust
related
$12,000,000 · Bank Of America
Dec 15, 2009
—
El-ad Fl Beach LLC
—
Deed Of Trust
related
$16,000,000 · Bank Of America
Oct 21, 2005
$54,300,000
El-ad Fl Beach LLC
Swiss Beach Holdings INC
Grant Deed
$26,250,000 · Bank Of America
—
—
Sophia Ents INC
—
Deed Of Trust
related
$10,500,000 · Florida Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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