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Property profile & analytics
OFF-MARKET
Estimated value
$7,375,000
Hotels
4660 Ocean Dr Lauderdale By The Sea, FL 33308-3620
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3888295
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Construction
CONCRETE
Total area
57,884 SF
Lot
2.11 ac (92,039 SF)
Zoning code
RM-25
APN
49-43-18-01-0700
UPID
US18-3888295
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
by Request
CAP Approach
CAP
$6.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.38M
Owner & transaction history
M6 Dev Fort Lauderdale LLC · 1 yrs held
M6 Dev Fort Lauderdale LLC
since 2025
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%
$7,380,000
6.5%
$6,815,000
7%
$6,330,000
Blend value · Realmo final
$7.38M
Range $6.64M – $8.11M · ±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
$127 / 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
$487,017
Tax year 2023
Assessed value
$34,573,230
Assessed 2023
Previous assessed
$31,985,000
+8.1% YoY
Effective rate
1.41%
On assessed value
Assessed land
$6,262,200
Assessed improvement
$28,311,030
Land market value
$6,262,200
Improvement market value
$28,311,030
Total market value
$34,573,230
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
5
Units
89
Total area
57,884 SF
Lot
2.11 ac (92,039 SF)
Zoning code
RM-25
APN
49-43-18-01-0700
UPID
US18-3888295
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Units
89
Lot
2.11 ac
Current owner
From public records · entity-resolved
M6 Dev Fort Lauderdale LLC
Entity
Mailing address
5255 N FEDERAL HWY STE #308, BOCA RATON, FL 33487-4913
Ownership since
2025
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
Jul 15, 2025
—
M6 Dev Fort Lauderdale LLC
—
Deed
related
$27,500,000 · Bank Of America NA
Jul 7, 2025
$36,600,000
M6 Dev Fort Lauderdale LLC
Fdg North LLC
Special Warranty Deed
$27,500,000 · Bank Of America NA
Feb 29, 2016
—
Fdg North LLC
Florida Dev Group INC
Quit Claim Deed
related
—
Dec 17, 2013
$17,000,000
Florida Dev Group INC
Ocean 4660 LLC
Grant Deed
—
Jan 7, 2008
$3,750,000
Ocean 4660 LLC
Mintzer,terri R
Warranty Deed
$11,850,000 · Comerica Bank
Apr 22, 2006
$3,500,000
Terri R Mintzer
Ruttger Family Ptshp
Warranty Deed
—
—
—
Terri R Mintzer
—
Deed Of Trust
related
$3,509,014 · Trident Financial Group 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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