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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Hotels
601 Ft Lauderdale Bch Blvd 1502, Fort Lauderdale, FL 33304-4110
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-0765007
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2004
Construction
CONCRETE
Total area
2,450 SF
Zoning code
ABA
APN
50-42-01-AS-1210
UPID
US18-0765007
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
-
Atlantic Luxury Properties Real Estate Agency
-
The Atlantic Hotel & Spa Hotel & Motel
-
Private Residences at the Atlantic Resort and Spa Hotel & Motel Resort
-
Wild Thyme Oceanside Eatery Restaurant
-
SKY Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.62M
Owner & transaction history
Robert W O'connor · 3 yrs held
Robert W O'connor
since 2023
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
ABA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+59.2%
Commercial (general)
$1.9M
+55.7%
Neighborhood: shopping center
$1.8M
+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
HOTEL/MOTEL
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,985,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,945,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,845,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,570,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,500,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,385,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,140,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.88M (Feb 26 2025)
Last sale anchor
$1.88M
Feb 26 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
$661 / 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
$23,058
Tax year 2023
Assessed value
$1,371,800
Assessed 2023
Previous assessed
$1,115,960
+22.9% YoY
Effective rate
1.68%
On assessed value
Assessed land
$137,180
Assessed improvement
$1,234,620
Land market value
$137,180
Improvement market value
$1,234,620
Total market value
$1,371,800
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
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
2,450 SF
Zoning code
ABA
APN
50-42-01-AS-1210
UPID
US18-0765007
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
HOTEL/MOTEL Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Current owner
From public records · entity-resolved
Robert W O'connor
Individual
Free & Clear · 3 yrs held
Mailing address
601 N FT LAUDERDALE BCH BLVD #501, NEW ORLEANS, LA 70130
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$1,585,000
Robert W O'connor
Hugh J Stiel
Warranty Deed
—
Mar 18, 2021
$1,050,000
Hugh J Stiel
James Robert Clement
Warranty Deed
—
Jul 22, 2009
$1,469,000
James R Clement
Luxury Resorts Intl INC
Warranty Deed
—
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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