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Property profile & analytics
OFF-MARKET
Estimated value
$415,000
Hotels
505 Ft Lauderdale Bch Blvd 602 Fort Lauderdale, FL 33304-4109
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-0796011
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
CONCRETE
Total area
1,308 SF
Zoning code
ABA
APN
50-42-01-GJ-0110
UPID
US18-0796011
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
-
Nubé Rooftop Bar & Pub Nightclub
-
SP+ Parking Parking Lot & Garage
-
The Q Club Hotel & Motel Resort
-
The Patio at Le Marché Restaurant
-
Private Residence Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$415k
Owner & transaction history
Rachelle Mcconnell · 1 yrs held
Rachelle Mcconnell
since 2025
Last sale
$410,000
4 recorded transactions
Zoning & alternative use
ABA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
aved Template No Saved Templates Lot Attributes fake-general-subgroup Lot Size - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3…
Zone name
Beachfront Area District
General category
UNKNOWN
Zone area
59.41 ac
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$415k
Range $374k – $457k · ±10% · vs last sale $410k (Apr 3 2025)
Last sale anchor
$410k
Apr 3 2025
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
$317 / 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
$8,484
Tax year 2023
Assessed value
$413,520
Assessed 2023
Previous assessed
$383,120
+7.9% YoY
Effective rate
2.05%
On assessed value
Assessed land
$41,350
Assessed improvement
$372,170
Land market value
$41,350
Improvement market value
$372,170
Total market value
$413,520
Applied tax rate
312.0000
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/MOTEL
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
1,308 SF
Zoning code
ABA
APN
50-42-01-GJ-0110
UPID
US18-0796011
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ABA · Fort Lauderdale, FLZoning ABA · permitted uses
ABA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
aved Template No Saved Templates Lot Attributes fake-general-subgroup Lot Size - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County CB - Commerc
Zone name
Beachfront Area District
General category
UNKNOWN
Zone area
59.41 ac
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Current owner
From public records · entity-resolved
Rachelle Mcconnell
Individual
Free & Clear · 1 yrs held
Mailing address
11235 85TH ST, WILLOW SPRINGS, IL 60480-1045
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$410,000
Rachelle Mcconnell
Maciej Panszezyk
Warranty Deed
—
Apr 6, 2022
$475,000
Maciej Panszezyk
Shemon Dadush
Warranty Deed
—
Sep 24, 2021
$365,000
Alan Causey Korbin
Brenda Wakefield
Warranty Deed
$219,000 · Mclean Mortgage Corp
Dec 18, 2006
$572,000
Brenda L Wakefield
Owner,record
Grant Deed
related
—
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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