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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Motels
4620 Ocean Dr Lauderdale By The Sea, FL 33308-3620
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0148650
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1957
Construction
CONCRETE
Total area
5,491 SF
Lot
0.25 ac (11,000 SF)
Zoning code
RM-25
APN
49-43-18-01-0660
UPID
US18-0148650
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
-
Fort Lauderdale Vacation Rental
-
Great Escape Apartments by Lowkl Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$2.82M
Owner & transaction history
Shmf Escape LLC · 4 yrs held
Shmf Escape LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RM-25 · Lauderdale By The Sea, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+33.2%
Auto repair, garage
$4.0M
+16.5%
Neighborhood: shopping center
$3.6M
+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
$3,065,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,460,000
Current use
RESTAURANT
$4,605,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,030,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,585,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,405,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$3,155,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±10% · vs last sale $2.40M (Dec 3 2021)
Last sale anchor
$2.40M
Dec 3 2021
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
$514 / 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
$41,060
Tax year 2023
Assessed value
$2,415,040
Assessed 2023
Previous assessed
$2,415,040
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$330,770
Assessed improvement
$2,084,270
Land market value
$330,770
Improvement market value
$2,084,270
Total market value
$2,415,040
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
12
Total area
5,491 SF
Lot
0.25 ac (11,000 SF)
Zoning code
RM-25
APN
49-43-18-01-0660
UPID
US18-0148650
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.5M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
12
Lot
0.25 ac
Current owner
From public records · entity-resolved
Shmf Escape LLC
Entity
Mailing address
138 E 31ST ST BSMT C1, NEW YORK, NY 10016-6890
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$2,400,000
Shmf Escape LLC
The Great Escape Inn
Warranty Deed
$1,589,000 · Pacific National Bank
Jul 16, 2015
$1,900,000
Great Escape Inn Lbts LLC
Smart 18 4620 LLC
Warranty Deed
—
Aug 13, 2012
$1,050,000
Smart 18 4620 LLC
Transcapital Bk
Grant Deed
$900,000 · Transcapital Bank
May 18, 2012
—
Transcapital Bk
Kandasamy,varanthan Coc
Trustees Deed
related
—
Jul 6, 2006
$2,050,000
Aabi B Van INC
A & N Esteves Ents INC
Warranty Deed
$150,000 · A & N Esteves Ents INC
Jan 5, 2005
$1,360,000
A & N Esteves Ents INC
Micris Corp
Warranty Deed
$937,500 · Transcapital Bank
Aug 22, 2002
$950,000
Micris Corp
All German Construction Corp
Grant Deed
—
Dec 2, 1997
$650,000
Frank Titze
Jankowski,tadeusz & Jadwiga
Grant Deed
$400,000 · Individual
—
—
A Ents
—
Deed Of Trust
related
$120,000 · Antonio & Elizabeth Santos
—
—
Frank Titze
—
Deed Of Trust
related
$24,000 · International Bank Of Miami
—
—
Micris Corp
—
Deed Of Trust
related
$197,400 · International Bank Of Miami
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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