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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Motels
3081 Hbr Dr Fort Lauderdale, FL 33316-2409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0454286
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Construction
CONCRETE
Total area
14,680 SF
Lot
0.37 ac (16,182 SF)
Zoning code
RMH-60
APN
50-42-12-24-0180
UPID
US19-0454286
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
-
Sea Beach Plaza Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Ftl Lodging Owner LLC · 1 yrs held
Ftl Lodging Owner LLC
since 2024
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
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
$8,000,000
ML approach
$8,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,735,000
Current use
RESTAURANT
$12,540,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,895,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,045,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Nov 20 2024)
Last sale anchor
$8.00M
Nov 20 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
$545 / 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
$117,017
Tax year 2023
Assessed value
$5,875,480
Assessed 2023
Previous assessed
$5,875,480
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$810,230
Assessed improvement
$5,065,250
Land market value
$810,230
Improvement market value
$5,065,250
Total market value
$5,875,480
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Units
40
Total area
14,680 SF
Lot
0.37 ac (16,182 SF)
Zoning code
RMH-60
APN
50-42-12-24-0180
UPID
US19-0454286
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-60 · Fort Lauderdale, FLZoning RMH-60 · permitted uses
RMH-60 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.7M
RESTAURANT
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
3
Units
40
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ftl Lodging Owner LLC
Entity
Mailing address
601 N FT LAUD BCH BLVD #901, FORT LAUDERDALE, FL 33304
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
$8,000,000
Ftl Lodging Owner LLC
Harborage LLC
Warranty Deed
$6,000,000 · The Lane Organization LLC
May 19, 2020
—
Harborage LLC
—
Deed
related
$3,250,000 · Mike Sanfelippo INC
Dec 30, 2019
—
Harborage LLC
—
Deed
related
$3,250,000 · Mike Sanfelippo INC
Apr 4, 2019
—
Harborage LLC
—
Deed
related
$3,250,000 · Mike Sanfelippo INC
May 31, 2018
—
Harborage LLC
—
Deed
related
$3,250,000 · Mike Sanfelippo INC
Mar 25, 2016
$5,750,000
Harborage LLC
Raj Hotels LLC
Grant Deed
—
Jun 7, 2004
$2,600,000
Raj Hotels LLC
Sea Beach Plaza INC
Grant Deed
$1,800,000 · Landmark Bank
—
—
Harborage LLC
—
Loan Modification
related
$3,250,000 · Mike Sanfelippo INC
—
—
Raj Hotels LLC
—
Deed Of Trust
related
$200,000 · Bacardi Foundation
—
—
Harborage LLC
—
Loan Modification
related
$3,250,000 · Mike Sanfelippo INC
—
—
Harborage LLC
—
Loan Modification
related
$3,250,000 · Mike Sanfelippo INC
—
—
Raj Hotels LLC
—
Loan Modification
related
$1,422,539 · Landmark Bk
—
—
Harborage LLC
—
Deed Of Trust
related
$3,250,000 · Mike Sanfelippo INC
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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