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Property profile & analytics
OFF-MARKET
Estimated value
$66,310,000
Hotels
555 62nd St Fort Lauderdale, FL 33309-6105
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-4117933
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
CONCRETE
Total area
264,831 SF
Lot
4.83 ac (210,542 SF)
Zoning code
CC
APN
49-42-10-29-0220
UPID
US18-4117933
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
-
Sheraton Suites Fort Lauderdale at Cypress Creek Hotel & Motel
-
Hard Rock Hotel and Casino Hotel & Motel
-
Encore Marketing & Advertising Event Planning
-
Terrace 555 Restaurant & Bar Restaurant
-
Broward center of performing arts Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$88.64M
Blend (final)
Blend
$66.31M
Owner & transaction history
Abh Corporation Of New York
Abh Corporation Of New York
since 2025
7 recorded transactions
Zoning & alternative use
CC · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
front 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 - Commercial Business CC - Commerce Center District CF - Community Facility CF-H - Community Facility/House of Worship CF-HS - Community Facility/House of Worship…
Zone name
Commerce Center District
General category
INDUSTRIAL
Zone area
515.40 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
$66.31M
Range $59.68M – $72.94M · ±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
$250 / 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
$378,104
Tax year 2023
Assessed value
$16,440,060
Assessed 2023
Previous assessed
$16,440,060
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$1,894,880
Assessed improvement
$14,545,180
Land market value
$1,894,880
Improvement market value
$14,545,180
Total market value
$16,440,060
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
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
8
Units
253
Total area
264,831 SF
Lot
4.83 ac (210,542 SF)
Zoning code
CC
APN
49-42-10-29-0220
UPID
US18-4117933
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CC · Fort Lauderdale, FLZoning CC · permitted uses
CC · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
front 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 - Commercial Business CC - Commerce Center District CF - Community Facility CF-H - Community Facility/House of Worship CF-HS - Community Facility/House of Worship and School CF-S - Community Facility/ School CR - Commercial Recreation District
Zone name
Commerce Center District
General category
INDUSTRIAL
Zone area
515.40 ac
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
8
Units
253
Lot
4.83 ac
Current owner
From public records · entity-resolved
Abh Corporation Of New York
Entity
Free & Clear · 0 yrs held
Mailing address
3673 BIRCH TER, DAVIE, FL 33330-1341
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Abh Corporation Of New York
Abh Corporation Of New York
Deed
related
—
May 15, 2025
$1,600,000
Abh Corporation Of New York
Abh Corporation Of New York
Warranty Deed
related
—
Aug 7, 2023
$28,000,000
Kentucky Zinc LLC
Cypress Creek Hotel LLC
Re-recorded Document
related
—
Jul 27, 2023
$28,000,000
Abh Corporation Of New York
Cypress Creek Hotel LLC
Special Warranty Deed
$19,500,000 · Dade County FCU
Nov 19, 2020
—
Cypress Creek Hotel LLC
—
Deed
related
$15,639,000 · Valley Nat'l Bk
Mar 26, 2018
$182,500
Cypress Creek Hotel LLC
Ft Lauderdale Falcon Hotel LLC
Special Warranty Deed
$15,639,000 · Valley National Bank
Jun 5, 2012
$9,500,000
Ft Lauderdale Falcon Hotel LLC
Felcor Lodging Limited Partnership
Special Warranty Deed
—
—
—
Cypress Creek Edge LLC
—
Deed Of Trust
related
$2,284,000 · Wells Fargo Bk/nw NA (te)
—
—
Cypress Creek Hotel LLC
—
Loan Modification
related
$15,639,000 · Valley Nat'l Bk
—
—
Felcor Lodging LP
—
Deed Of Trust
related
$212,000,000 · Fortress Credit Corp
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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