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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Hotels
6666 Ocean Blvd Ocean Ridge, FL 33435-3318
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1188821
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
CONCRETE
Total area
7,974 SF
Lot
0.46 ac (20,251 SF)
Zoning code
RMM
APN
46-43-45-22-09-000-0751
UPID
US18-1188821
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
$5.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$5.95M
Owner & transaction history
Sundek Beach House LLC · 3 yrs held
Sundek Beach House LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
RMM · Ocean Ridge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+64.8%
Apartment house (5+ units)
$5.5M
+63.6%
Auto repair, garage
$3.9M
+17.9%
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 Ocean Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Ridge 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
$5,755,000
ML approach
$5,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,505,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,465,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,940,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.95M
Range $5.36M – $6.55M · ±10% · vs last sale $6.00M (Aug 2 2022)
Last sale anchor
$6.00M
Aug 2 2022
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
$746 / 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
$87,772
Tax year 2023
Assessed value
$4,679,236
Assessed 2023
Previous assessed
$2,039,186
+129.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,400,000
Assessed improvement
$1,279,236
Land market value
$3,400,000
Improvement market value
$1,279,236
Total market value
$4,679,236
Applied tax rate
46,984.0000
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
3
Rooms
13
Bathrooms
1
Total area
7,974 SF
Lot
0.46 ac (20,251 SF)
Zoning code
RMM
APN
46-43-45-22-09-000-0751
UPID
US18-1188821
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMM · Ocean Ridge, FL
Zoning RMM · permitted uses
RMM · Ocean Ridge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Ridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
3
Rooms
13
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sundek Beach House LLC
Entity
Mailing address
PO BOX 2965, WESTERLY, RI 02891-0933
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$6,000,000
Sundek Beach House LLC
Sundek LLC
Special Warranty Deed
$3,900,000 · Wells Fargo Bank NA
Apr 4, 2011
$1,500,000
Sundek LLC
6666 North Ocean Blvd LLC
Warranty Deed
—
Oct 12, 2010
$800,000
6666 North Ocean Blvd LLC
Ecm LLC
Warranty Deed
$800,000 · Gaddis Capital Corporation
May 4, 2005
$2,300,000
Ecm LLC
Calioe Koffinas
Warranty Deed
$1,560,000 · Washington Mutual Bank Fa
Jun 5, 2003
—
Koffinas,tr
Maniotes,tr
Quit Claim Deed
related
$650,000 · First National Bank & Trust Co
—
—
Sundek LLC
—
Deed Of Trust
related
$1,000,000 · Gkc International INC
—
—
Caliope Koffinas
—
Deed Of Trust
related
$570,000 · Palm Beach County Bank
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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