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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Motels
4215-4217 Seagrape Dr Lauderdale By The Sea, FL 33308
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-1984587
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Construction
CONCRETE
Total area
2,041 SF
Lot
0.2 ac (8,805 SF)
Zoning code
RD-10
APN
49-43-18-05-0570
UPID
US18-1984587
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Oceanside Mist LLC · 11 yrs held
Oceanside Mist LLC
since 2014
7 recorded transactions
Zoning & alternative use
RD-10 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residence Two Family Dwelling Duplex
General category
RESIDENTIAL
Zone area
27.22 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 Lauderdale By The Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderdale By The Sea 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
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
$149 / 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
$13,514
Tax year 2023
Assessed value
$708,130
Assessed 2023
Previous assessed
$708,130
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$264,770
Assessed improvement
$443,360
Land market value
$264,770
Improvement market value
$443,360
Total market value
$708,130
Applied tax rate
211.0000
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
2,041 SF
Lot
0.2 ac (8,805 SF)
Zoning code
RD-10
APN
49-43-18-05-0570
UPID
US18-1984587
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RD-10 · Lauderdale By The Sea, FLZoning RD-10 · permitted uses
RD-10 · Lauderdale By The Sea, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residence Two Family Dwelling Duplex
General category
RESIDENTIAL
Zone area
27.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Oceanside Mist LLC
Entity
Mailing address
4215 SEAGRAPE DR #4217, LAUDERDALE BY THE SEA, FL 33308-5027
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2014
—
Oceanside Mist LLC
Pio Costa Ents LP
Quit Claim Deed
related
—
Apr 23, 2012
$265,000
Pio Costa Ents LP
Ocean Bk
Grant Deed
—
Jan 23, 2012
$144,100
Ocean Bk
Srb Duval LLC Coc
Trustees Deed
related
—
Oct 4, 2005
$636,000
Srb Duval LLC
Michelson,nicole P
Warranty Deed
—
Oct 15, 2001
$243,000
Nicole P Michelson
Lee,robert A
Grant Deed
$218,700 · Southtrust Mortgage Corp
Mar 23, 2000
$210,000
Robert A Lee
Hosmer,larry F & Pamela R
Grant Deed
$178,500 · Horizon Fsb
Dec 26, 1997
$180,000
Larry F Hosmer
Leis,frederick & Renate I
Grant Deed
$135,000 · Suntrust Bank South Florida
—
—
Srb Duval LLC
—
Deed Of Trust
related
$500,000 · Ocean Bank
—
—
Nicole P Michelson
—
Deed Of Trust
related
$384,000 · Southtrust Mortgage Corp
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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