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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Hotels
601 Ft Lauderdale Bch Blvd 606 Fort Lauderdale, FL 33304-4110
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-9127796
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2004
Construction
CONCRETE
Total area
530 SF
Zoning code
ABA
APN
50-42-01-AS-0070
UPID
US18-9127796
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$403k
Blend (final)
Blend
$605k
Owner & transaction history
Larry B Levine · 2 yrs held
Larry B Levine
since 2024
Last sale
$606,000
6 recorded transactions
Zoning & alternative use
ABA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
aved Template No Saved Templates Lot Attributes fake-general-subgroup Lot Size - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3…
Zone name
Beachfront Area District
General category
UNKNOWN
Zone area
59.41 ac
Top alternative use upside
Auto repair, garage
$430,000
+59.2%
Commercial (general)
$420,000
+55.7%
Neighborhood: shopping center
$400,000
+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
$605,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$430,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $606k (Feb 1 2024)
Last sale anchor
$606k
Feb 1 2024
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
$1,142 / 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
$7,790
Tax year 2023
Assessed value
$378,400
Assessed 2023
Previous assessed
$378,400
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$37,840
Assessed improvement
$340,560
Land market value
$37,840
Improvement market value
$340,560
Total market value
$378,400
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
1
Total area
530 SF
Zoning code
ABA
APN
50-42-01-AS-0070
UPID
US18-9127796
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ABA · Fort Lauderdale, FLZoning 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
Zoning description
aved Template No Saved Templates Lot Attributes fake-general-subgroup Lot Size - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront 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 - Commerc
Zone name
Beachfront Area District
General category
UNKNOWN
Zone area
59.41 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1
Current owner
From public records · entity-resolved
Larry B Levine
Individual
Free & Clear · 2 yrs held
Mailing address
2809 MANHATTAN AVE APT #1, MANHATTAN BEACH, CA 90266-2088
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$606,000
Larry B Levine
Rws Properties LLC
Warranty Deed
—
Jan 20, 2023
$455,000
Rws Properties LLC
Ke Atlantic LLC
Warranty Deed
—
Jan 20, 2023
$430,000
Ke Adantic LLC
Marianita Gudger
Correction Deed
related
—
Apr 11, 2022
$430,000
Ke Atlantic LLC
Marianita Gudger
Warranty Deed
—
Jun 23, 2021
$320,000
Marianita Gudger
Joseph Porcell
Warranty Deed
$240,000 · Citadel Servicing Corporation
Apr 18, 2016
$307,200
Joseph Porcelli
Badia,shirley A
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.
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