New search
Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Motels
4553 Ocean Dr Lauderdale By The Sea, FL 33308-3679
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0128872
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
CONCRETE
Total area
6,304 SF
Lot
0.22 ac (9,376 SF)
Zoning code
RM-25
APN
49-43-18-01-2440
UPID
US18-0128872
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
-
Beach Aqualina Apartments Vacation Rental Real Estate Agency
-
La Cele Motel Hotel & Motel
-
Ocean Jade Spa Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$645k
Owner & transaction history
4553 N Ocean Drive LLC · 6 yrs held
4553 N Ocean Drive LLC
since 2019
7 recorded transactions
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$102 / 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
$34,451
Tax year 2023
Assessed value
$2,012,470
Assessed 2023
Previous assessed
$1,780,990
+13.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$281,940
Assessed improvement
$1,730,530
Land market value
$281,940
Improvement market value
$1,730,530
Total market value
$2,012,470
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
10
Bathrooms
9
Total area
6,304 SF
Lot
0.22 ac (9,376 SF)
Zoning code
RM-25
APN
49-43-18-01-2440
UPID
US18-0128872
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FL
Zoning 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
Lauderdale By The Sea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Bathrooms
9
Lot
0.22 ac
Current owner
From public records · entity-resolved
4553 N Ocean Drive LLC
Entity
Mailing address
63 E BROADWAY, STATEN ISLAND, NY 10306-2028
Ownership since
2019
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
Nov 8, 2019
$1,850,000
4553 N Ocean Drive LLC
Better Life Properties LLC
Warranty Deed
$1,150,000 · Better Life Properties LLC
Feb 8, 2012
$760,000
Better Life Properties LLC
Chandra,mahesh & Pushpa
Warranty Deed
$200,000 · Mahesh & Pushpa Chandra
Jun 22, 2009
$600,000
Chandra Maheah
Chandra,pushpa
Quit Claim Deed
related
$600,000 · Donna M B Dunne
Dec 20, 2006
$1,100,000
Pushpa Chandra
La Cele Motel INC
Warranty Deed
$1,300,000 · Dennis & Donna Baudanza
—
—
Better Life Properties LLC
—
Deed Of Trust
related
$400,000 · Landmark Bk
—
—
Better Life Properties LLC
—
Loan Modification
related
$812,349 · Landmark Bk
—
—
La Cele Motel INC
—
Deed Of Trust
related
$150,000 · Kislak National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4553 Ocean Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
