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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Hotels
551 Ft Lauderdale Bch Blvdh810, Fort Lauderdale, FL 33304-4126
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-7638928
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
CONCRETE
Total area
579 SF
Zoning code
ABA
APN
50-42-01-FB-0780
UPID
US18-7638928
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
-
Luxury Beachfront Studio-with Daily Cleaning Hotel & Motel Vacation Rental
-
Shipping/Receiving @ Conrad FTL Courier Service Postal Service
-
Conrad Fort Lauderdale Beach Hotel & Motel
-
Terra Mare Restaurant
-
Conrad Spa Fort Lauderdale Beach Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$406k
Blend (final)
Blend
$525k
Owner & transaction history
Monforte LLC · 6 yrs held
Monforte LLC
since 2020
Last sale
$559,900
4 recorded transactions
Zoning & alternative use
ABA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$470,000
+59.2%
Commercial (general)
$460,000
+55.7%
Neighborhood: shopping center
$435,000
+47.8%
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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$470,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$435,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$370,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$355,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$325,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $560k (Apr 14 2020)
Last sale anchor
$560k
Apr 14 2020
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
$907 / 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
$7,598
Tax year 2023
Assessed value
$368,240
Assessed 2023
Previous assessed
$403,940
-8.8% YoY
Effective rate
2.06%
On assessed value
Assessed improvement
$368,240
Improvement market value
$368,240
Total market value
$368,240
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
2009
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
579 SF
Zoning code
ABA
APN
50-42-01-FB-0780
UPID
US18-7638928
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ABA · Fort Lauderdale, FL
Zoning 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
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$370,000
OFFICE BUILDING
Est. value
$355,000
RETAIL STORES
Est. value
$325,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2009
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Current owner
From public records · entity-resolved
Monforte LLC
Entity
Mailing address
551 N FT LAUD BCH BLVDH810, FORT LAUDERDALE, FL 33304
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 14, 2020
$559,900
Monforte LLC
Flb R-units LLC
Grant Deed
$144,532 · Jjn Flb LLC
Jun 3, 2019
—
Flb Hotel LLC
—
Grant Deed
related
$62,921,500 · City Nat'l Bk/fl
Sep 20, 2016
—
Speedwagon Props Acquisition
Cflb Ptshp LLC
Quit Claim Deed
related
—
—
—
Cflb Ptshp LLC
—
Loan Modification
related
$136,500,000 · * Other Institutional Lenders
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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