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    Property profile & analytics
    OFF-MARKET Estimated value $1,070,000
    Motels

    3086 Hbr Dr, Fort Lauderdale, FL 33316-2410

    10,519 SF 0.31 ac lot Built 1951
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US18-5434207
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully renovated, 39-room boutique hotel ideally situated in Fort Lauderdale, Florida. The property boasts two buildings, each three stories high, constructed in 1951 and completely modernized in 2019. The hotel features a mix of 24 rooms in one building and 15 in the other, all equipped and ready for immediate occupancy. Amenities include two inviting pools, a convenient on-site industrial laundry, and a versatile conference room. The property also offers attractive outdoor spaces such as roof patios and a barbecue facility, along with a bar and lounge area, enhancing guest experience and rental potential. Its prime location places it just steps from the beach, two miles from the Broward Convention Center, and three miles from Port Everglades, making it highly attractive to both leisure and business travelers. The hotel's design incorporates suites and deluxe features, creating a high-value proposition for guests. The property sits on two parcels totaling over 26,000 square feet, offering significant redevelopment potential. With its strong income generation and prime location, this hotel represents a compelling investment opportunity in the thriving Fort Lauderdale market. The asking price is $14,999,000.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1951
    Construction CONCRETE
    Total area 10,519 SF
    Lot 0.31 ac (13,483 SF)
    Zoning code RMH-25
    APN 50-42-12-24-0170
    UPID US18-5434207
    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
    • ATM Machine at Deco Boutique Hotel Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $820k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $814k
    Blend (final) Blend
    $1.07M
    Owner & transaction history
    Rustle Investment LLC · 10 yrs held
    Rustle Investment LLC
    since 2016
    2 recorded transactions
    2016
    $3.6M
    2015
    $24,087
    Zoning & alternative use
    RMH-25 · Fort Lauderdale, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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