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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3711 Ocean Blvd Fort Lauderdale, FL 33308-6429

    • Hotels
    • 36,876 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2021
    $11,339,300
    Value Estimations
    $11,840,000
    Show details
    Cap Rate Potential
    2%
    Hotels
    Location Intelligence
    Property ID
    US19-0694460
    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

    • crossbow shop / Department Store
    • The Garden Hotel & Resort / Hotel & Motel / Resort
    • ROYAL BEACH PALACE HOTEL / Hotel & Motel
    • Clear Rentals / Car Rental Facility
    • 3711 Beach Side / Restaurant

    Property Details for 3711 Ocean Blvd

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.84 lot acres
    Property size
    36,876 SF
    Zone code
    RMH-25
    Property type
    Hotels
    APN
    49-43-19-04-1180
    APU
    494319041180

    Description

    This exceptional commercial property, located at 3711 North Ocean Boulevard in Fort Lauderdale, Florida, offers 3,500 square feet of prime retail or restaurant space. Currently entirely vacant, this property presents a unique opportunity for multiple tenants or a single large occupant. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 2,000 square feet. This allows for flexibility in tailoring the space to meet diverse business needs. Situated in Broward County, with a 33308 zip code, this location benefits from high visibility and foot traffic, making it ideal for businesses seeking strong exposure. The property's address is 3711 N Ocean Blvd, Fort Lauderdale, FL. The building's total square footage is 3,500 square feet, all of which is currently available for lease. This presents a rare chance to secure a substantial and well-positioned commercial space in a thriving Florida coastal city. The property is classified as both retail and restaurant space, catering to a wide range of potential tenants. This prime location offers significant potential for growth and success. Inquire today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1
    Latitude
    26.174
    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
    $205,366
    $1,105,070
    $8,829,200
    $9,934,270
    -
    $1,105,070
    $8,829,200
    $9,934,270

    Comparable in this City

    • Value Estimation
      $12,605,000
      133,012 SF

      4060 Galt Ocean Dr

      HOTEL • 133,012 SF
      4060 Galt Ocean Dr, Fort Lauderdale, FL 33308-6501
      View Details
    • Value Estimation by Request

      Undisclosed

      Hotels
      0 Undisclosed, Fort Lauderdale, FL 33308
      View Details
    • Value Estimation
      $5,670,000
      16,148 SF

      4225 El Mar Dr

      HOTEL • 16,148 SF
      4225 El Mar Dr, Lauderdale By The Sea, FL 33308-5420
      View Details
    • Value Estimation by Request
      3,474 SF

      4145 Bougainvilla Dr

      Hotels • 3,474 SF
      4145 Bougainvilla Dr, Lauderdale-by-the-Sea, FL 33308
      View Details
    • Value Estimation
      $7,375,000
      57,884 SF

      4660 Ocean Dr

      HOTEL • 57,884 SF
      4660 Ocean Dr, Lauderdale By The Sea, FL 33308-3620
      View Details
    • Value Estimation
      $10,310,000
      109,672 SF

      3333 32nd Ave

      HOTEL • 109,672 SF
      3333 32nd Ave, Fort Lauderdale, FL 33308-7120
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space on N Ocean

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      Retail Space For Lease

      Retail space available for lease.
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      View Details
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    3711 Ocean Blvd
    Fort Lauderdale, FL 33308-6429
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    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
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