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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Hotels
4605 Ocean Dr Lauderdale By The Sea, FL 33308-3619
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0221223
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1949
Construction
CONCRETE
Total area
5,379 SF
Lot
0.28 ac (12,366 SF)
Zoning code
RM-25
APN
49-43-18-01-2780
UPID
US18-0221223
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
-
Lauderdale Resorts LLC Hotel & Motel Resort
-
4605 By The Sea Hotel & Motel
-
E-Rec Bike Rentals Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$680k
Owner & transaction history
4605 N Ocean Dr LLC · 9 yrs held
4605 N Ocean Dr LLC
since 2017
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
$535,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$126 / 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
$39,384
Tax year 2023
Assessed value
$2,117,740
Assessed 2023
Previous assessed
$2,117,740
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$371,850
Assessed improvement
$1,745,890
Land market value
$371,850
Improvement market value
$1,745,890
Total market value
$2,117,740
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
13
Total area
5,379 SF
Lot
0.28 ac (12,366 SF)
Zoning code
RM-25
APN
49-43-18-01-2780
UPID
US18-0221223
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
1949
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
13
Lot
0.28 ac
Current owner
From public records · entity-resolved
4605 N Ocean Dr LLC
Entity
Mailing address
3001 N FEDERAL HWY, FORT LAUDERDALE, FL 33306-1403
Ownership since
2017
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
Feb 12, 2018
—
4605 N Ocean Dr LLC
—
Grant Deed
related
$7,440,000 · City Nat'l Bk/fl
Feb 21, 2017
$2,700,000
4605 N Ocean Dr LLC
4605 By The Sea LLC
Warranty Deed
related
—
Oct 7, 2015
$1,925,000
4605 By The Sea LLC
Ionescu,nicolae & Claudia M
Warranty Deed
$1,300,000 · Mercantil Commercebank
Oct 2, 2013
$1,775,000
Nicolae Ionescu
Lauderdale Resorts LLC
Warranty Deed
$1,242,500 · Community Bank Of Broward
Oct 26, 2010
$644,700
Lauderdale Resorts LLC
Ecp Properties INC
Grant Deed
—
Aug 9, 2010
—
Ecp Properties INC
Bell,robert K Coc
Trustees Deed
related
—
—
—
Delilah Bartolome
—
Deed Of Trust
related
$552,600 · Living Realty & Invs LLC
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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