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Property profile & analytics
OFF-MARKET
Estimated value
$5,775,000
Motels
4229 Ocean Dr Lauderdale By The Sea, FL 33308-5424
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2928032
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Construction
CONCRETE
Total area
9,333 SF
Lot
0.47 ac (20,277 SF)
Zoning code
RM-25
APN
49-43-18-01-4050
UPID
US18-2928032
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
-
Advanced Auto Parts Shopping Center & Mall
-
South Leisure By the Sea Association Association / Organization
-
Lauderdale-by-the-Sea Beach Park Public Beach
-
Horizon By the Sea Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$5.78M
Owner & transaction history
858284 Florida INC · 3 yrs held
858284 Florida INC
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residence Apartments Hotels Multiple Dwellings
General category
RESIDENTIAL
Zone area
202.39 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.8M
+33.2%
Auto repair, garage
$6.9M
+16.5%
Neighborhood: shopping center
$6.1M
+3.7%
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
$5,775,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,880,000
Current use
RESTAURANT
$7,830,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,850,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,095,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,785,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$5,360,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.78M
Range $5.20M – $6.35M · ±10% · vs last sale $5.50M (Jan 17 2023)
Last sale anchor
$5.50M
Jan 17 2023
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
$619 / 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
$71,716
Tax year 2023
Assessed value
$4,077,750
Assessed 2023
Previous assessed
$3,279,000
+24.4% YoY
Effective rate
1.76%
On assessed value
Assessed land
$609,730
Assessed improvement
$3,468,020
Land market value
$609,730
Improvement market value
$3,468,020
Total market value
$4,077,750
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
1965
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
25
Total area
9,333 SF
Lot
0.47 ac (20,277 SF)
Zoning code
RM-25
APN
49-43-18-01-4050
UPID
US18-2928032
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FLZoning RM-25 · permitted uses
RM-25 · 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 Apartments Hotels Multiple Dwellings
General category
RESIDENTIAL
Zone area
202.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.9M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
25
Lot
0.47 ac
Current owner
From public records · entity-resolved
858284 Florida INC
Entity
Free & Clear · 3 yrs held
Mailing address
4041 N OCEAN BLVD, FORT LAUDERDALE, FL 33308-6419
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
—
858284 Florida INC
—
Deed
related
$30,000 · Evermore Bank
Jan 17, 2023
$5,500,000
858284 Florida INC
Krzysztof Poprawski
Deed
—
Mar 10, 2020
—
Krzysztof Poprawski
—
Deed
related
$1,648,884 · Horizon By-the-sea Inn INC
Apr 17, 2015
$3,200,000
Poprawski,k Living Trust
Horizon By-the-sea Inn INC
Warranty Deed
$1,816,000 · Investors Mtg
Aug 1, 2012
—
Horizon By-the-sea Inn INC
Horizon By The Sea INC
Quit Claim Deed
related
$530,486 · First Bank
Jan 23, 2006
—
Horizon By The Sea Inn INC
John & Romualda Zych
Warranty Deed
—
—
—
Krzysztof Poprawski
—
Loan Modification
related
$1,648,884 · Horizon By-the-sea Inn 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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