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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Hotels
531 Ocean Blvd Boca Raton, FL 33432-4213
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-0245114
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
CONCRETE
Total area
8,416 SF
Lot
0.47 ac (20,682 SF)
Zoning code
R-3
APN
06-43-47-20-11-001-0260
UPID
US18-0245114
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
-
Ocean Lodge Florida Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$3.64M
Owner & transaction history
Pr Tahiti LLC · 20 yrs held
Pr Tahiti LLC
since 2005
5 recorded transactions
Zoning & alternative use
R-3 · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+64.8%
Apartment house (5+ units)
$5.8M
+63.6%
Auto repair, garage
$4.2M
+17.9%
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 Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton 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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,525,000
Current use
RESTAURANT
$5,810,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,155,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$3,355,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,325,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$3,315,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±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
$432 / 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
$38,135
Tax year 2023
Assessed value
$2,027,344
Assessed 2023
Previous assessed
$1,941,415
+4.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,765,245
Assessed improvement
$262,099
Land market value
$1,765,245
Improvement market value
$262,099
Total market value
$2,027,344
Applied tax rate
6,154.0000
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Units
19
Rooms
19
Bathrooms
57
Total area
8,416 SF
Lot
0.47 ac (20,682 SF)
Zoning code
R-3
APN
06-43-47-20-11-001-0260
UPID
US18-0245114
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Boca Raton, FL
Zoning R-3 · permitted uses
R-3 · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. 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
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.3M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
19
Rooms
19
Bathrooms
57
Lot
0.47 ac
Current owner
From public records · entity-resolved
Pr Tahiti LLC
Entity
Mailing address
74 CLARENDON STA, BOSTON, MA 02116-6004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2018
—
Pr Tahiti LLC
—
Deed
related
$571,760 · Seacoast National Bank
Jul 27, 2005
$2,175,000
Pr Tahiti LLC
Tahiti Beach LLC
Grant Deed
$1,100,000 · Pan American Bank
May 19, 2003
$800,000
Tahiti Beach LLC
Ocean Lodge INC
Grant Deed
—
—
—
Pr Tahiti LLC
—
Deed Of Trust
related
$1,100,000 · Sun American Bank
—
—
Ocean Lodge INC
—
Deed Of Trust
related
$6,286 · Union Planters 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
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