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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Motels
538 Bayshore Dr, Fort Lauderdale, FL 33304-3914
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-0248146
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1952
Construction
CONCRETE
Total area
6,329 SF
Lot
0.29 ac (12,500 SF)
Zoning code
NBRA
APN
50-42-01-04-0540
UPID
US18-0248146
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Bayshore Villas LLC · 16 yrs held
Bayshore Villas LLC
since 2010
5 recorded transactions
Zoning & alternative use
NBRA · Fort Lauderdale, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$277 / 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
$52,423
Tax year 2023
Assessed value
$2,809,680
Assessed 2023
Previous assessed
$2,809,680
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$375,880
Assessed improvement
$2,433,800
Land market value
$375,880
Improvement market value
$2,433,800
Total market value
$2,809,680
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
16
Total area
6,329 SF
Lot
0.29 ac (12,500 SF)
Zoning code
NBRA
APN
50-42-01-04-0540
UPID
US18-0248146
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NBRA · Fort Lauderdale, FL
Zoning NBRA · permitted uses
NBRA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
16
Lot
0.29 ac
Current owner
From public records · entity-resolved
Bayshore Villas LLC
Entity
Mailing address
501 N BIRCH RD APT #3, FORT LAUDERDALE, FL 33304-4087
Ownership since
2010
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
Apr 19, 2010
—
Bayshore Villas LLC
Sand Homes LLC
Warranty Deed
—
Mar 22, 2010
$1,240,000
Sand Homes LLC
Mccook,robert
Warranty Deed
—
Apr 8, 2003
$850,000
Robert Mccook
Jenkins,george R
Grant Deed
$595,000 · Home Federal Bank Hollywood
Jul 1, 2002
$600,000
George R Jenkins
Heller Small Business Lending
Grant Deed
$500,000 · Mcgee Trust
—
—
Epea Enterprises INC
—
Deed Of Trust
related
$700,000 · Heller Small Business Lending
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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