Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3700 Ocean Dr, Unit 200 Riviera Beach, FL 33404-2806

    • Hotels
    • 118,815 SF
    • 5.81 lot acres
    OFF-MARKET
    Value Estimations
    $9,920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4731839
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 3700 Ocean Dr

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    5.81 lot acres
    Property size
    118,815 SF
    Zone code
    RH
    Property type
    Hotels
    APN
    56-43-42-26-04-001-0000
    APU
    56434226040010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,900,000
      6.5%
      $13,755,000
      7%
      $12,770,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0332
    Latitude
    26.7911
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $869,536
    $29,480,600
    $15,298,999
    $44,779,599
    -
    $29,480,600
    $15,298,999
    $44,779,599

    Comparable in this City

    • Value Estimation
      $625,000
      7,491 SF

      1000 Blue Heron Blvd

      HOTEL/MOTEL • 7,491 SF
      1000 Blue Heron Blvd, Riviera Beach, FL 33404-4726
      View Details
    • Value Estimation by Request
      144 SF

      142 Lk Drb

      HOTEL • 144 SF
      142 Lk Drb, Palm Beach Shores, FL 33404-5722
      View Details
    • Value Estimation by Request
      1.00 Acre

      3200 Ocean Dr, Unit 4

      HOTEL • 1.00 Acre
      3200 Ocean Dr, Riviera Beach, FL 33404-3215
      View Details
    • Value Estimation by Request
      35,178 SF

      123 Ocean Ave, Unit 101

      HOTEL • 35,178 SF
      123 Ocean Ave, Palm Beach Shores, FL 33404-5736
      View Details
    • Value Estimation
      $1,935,000
      31,312 SF

      3651 Blue Heron Blvd, Unit 102

      HOTEL/MOTEL • 31,312 SF
      3651 Blue Heron Blvd, Riviera Beach, FL 33404-4901
      View Details
    • Value Estimation by Request
      3,282 SF

      3334 Broadway, Unit 100

      HOTEL/MOTEL • 3,282 SF
      3334 Broadway, Riviera Beach, FL 33404-2328
      View Details

    Similar Nearby for Sale

    • $750,000

      Oceanfront Condo Hotel Residence

      Furnished 1-bedroom condo with resort amenities and rental income potential.
      3800 N Ocean Dr, West Palm Beach, FL 33404
      View Details
    • $2,077,000

      Oceanfront Condo with Wraparound Balcony

      Corner condo with ocean and intracoastal views and luxurious amenities.
      3100 N Ocean Dr, West Palm Beach, FL 33404
      View Details
    • $4,170,224
      952 SF

      Riviera Beach Shell Gas Station

      Shell Gas Station in Riviera Beach, Florida for sale.
      7290 Central Industrial Dr, Riviera Beach, FL 33404
      View Details
    • $550,000

      Updated Duplex with Modern Amenities

      Updated duplex featuring modern kitchens, bathrooms, and in-unit laundry.
      1661 W 27Th St, Riviera Beach, FL 33404
      View Details
    • $109,000

      Commercial Lot with Blueprint Plans

      Commercial zoned lot with approved blueprints for a home.
      601 W 9Th St, West Palm Beach, FL 33404
      View Details
    • $1,080,000

      Riviera Beach Multifamily Development Opportunity

      Shovel-ready, site plan approved, 8-unit multifamily development opportunity.
      109 W 14Th St, West Palm Beach, FL 33404
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      54,078 SF

      Business Park One: West Palm Beach

      Flex Space, Warehouse, Manufacturing
      3866 Prospect Ave, West Palm Beach, FL 33404
      View Details
    • $1,600 /Mo

      Modern Two-Bedroom Riviera Beach Home

      Modern 2-bedroom, 1-bath multi-family home in Riviera Beach.
      1457 W 31St St, Riviera Beach, FL 33404
      View Details
    • Contact for pricing
      6,099 SF

      Prime Retail Space on Blue Heron

      Retail space with high visibility and traffic on Blue Heron.
      1400-1480 W Blue Heron Blvd, Riviera Beach, FL 33404
      View Details
    • $2,700,000
      5,931 SF

      Singer Island Multifamily Investment Opportunity

      Large complex near beaches, currently operating as a sober home.
      1200 Surf Rd, Singer Island, FL 33404
      View Details
    • Contact for pricing
      7,253 SF

      Retail Space on Blue Heron

      Retail space with high visibility and traffic count.
      1341 W 23Rd St, West Palm Beach, FL 33404
      View Details
    • $1,750 /Mo
      2,728 SF

      Singer Island Office/Retail Space

      Rental space ideal for office or storage on Singer Island.
      1237 E Blue Heron Blvd, Singer Island, FL 33404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3700 Ocean Dr, Unit 200
    Riviera Beach, FL 33404-2806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.