Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    717 Ocean Blvd Pompano Beach, FL 33062-6313
    Back to Search
    Property profile & analytics

    717 Ocean Blvd, Pompano Beach, FL 33062-6313

    View on Map
    • Motels
    • 11,784 SF
    • 0.66 lot acres
    Off-Market
    Last Sale Jun 9, 2021
    $4,400,000
    Property ID
    US18-2166164
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sea Steps Apartments by Lowkl / Travel Agency / Vacation Rental

    Property Details for 717 Ocean Blvd

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.66 lot acres
    Zone code
    RM-20
    Property type
    Motels
    APN
    49-43-06-03-0310
    APU
    494306030310

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2021 $4,400,000 Gj Seasteps LLC Olasea LLC Warranty Deed $3.1M · Legacy Bank Of Florida
    Dec 18, 2018 $4,500,000 Olasea LLC Ocean Walk Investments LLC Warranty Deed $2M · Ocean Walk Invs LLC
    May 20, 2013 $2,250,000 Ocean Walk Investments LLC Dkr Realty LLC Warranty Deed $1.9M · Paradise Bank
    Nov 28, 2012 $339,100 Cheryl A Farrell Oceanside At Pompano LLC Grant Deed —
    Jan 5, 2004 $2,050,000 Dkr Realty LLC Your Resort Zj LLC Grant Deed $1.4M · Landmark Bank
    Aug 7, 2000 $1,300,000 Your Resort Zj LLC Grigelis,john & Carol Grant Deed $850k · Landmark Bank
    — — Dkr Realty LLC — Deed Of Trust · related $100k · Landmark Bank
    — — Dkr Realty LLC — Deed Of Trust · related $100k · Landmark Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,310,000
      ML approach
      $5,335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,657,000
      Market price range: $462k - $4.86M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,305,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0915
    Latitude
    26.2267
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,248
    $577,150
    $3,401,400
    $3,978,550
    -
    $577,150
    $3,401,400
    $3,978,550

    Comparable in this City

    • Value Estimation
      $1,650,000
      4,165 SF

      901 Ocean Blvd

      MOTEL
      901 Ocean Blvd, Pompano Beach, FL 33062-4005
      View Details
    • Value Estimation
      $4,535,000
      19,081 SF

      116 Riverside Dr

      MOTEL
      116 Riverside Dr, Pompano Beach, FL 33062-5541
      View Details
    • Value Estimation
      $3,020,000
      5,785 SF

      312 Briny Ave

      MOTEL
      312 Briny Ave, Pompano Beach, FL 33062-5804
      View Details
    • Value Estimation by Request
      2,881 SF

      704 Ocean Blvd

      MOTEL
      704 Ocean Blvd, Pompano Beach, FL 33062-6314
      View Details
    • Value Estimation
      $1,775,000
      2,200 SF

      3211 6th St

      MOTEL
      3211 6th St, Pompano Beach, FL 33062-6201
      View Details
    • Value Estimation
      $2,425,000
      6,832 SF

      1226 Ocean Blvd

      MOTEL
      1226 Ocean Blvd, Pompano Beach, FL 33062
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Oceanfront Development Opportunity in Pompano

      Prime 0.52-acre site near the Atlantic Ocean.
      213 S Ocean Blvd, Pompano Beach, FL 33062
      View Details
    • $4,500,000
      22,523 SF

      Pompano Beach Hotel/Motel Opportunity

      Prime location near the ocean in Pompano Beach, Florida.
      213 S Ocean Blvd, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      4,153 SF

      Renovated Beachside Fourplex Investment Opportunity

      Fully renovated fourplex near beach with income potential.
      3405 Norfolk St, Pompano Beach, FL 33062
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      East Pompano Small Studio Rental

      Studio for rent, utilities included, near beach and shopping.
      2051 NE 25Th Ave, Pompano Beach, FL 33062
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent in Pompano Beach, Florida.
      552 N Ocean Blvd, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      2,788 SF

      Pompano Citi Centre Retail Space

      Retail space in a large shopping center in Pompano Beach.
      2201 N Federal Hwy, Pompano Beach, FL 33062
      View Details
    • Contact for pricing
      765 SF

      Retail or Office Space Available

      765 Sq. Ft. retail/office space with great visibility.
      690-700 E Mcnab Rd, Pompano Beach, FL 33062
      View Details
    • Contact for pricing

      Pompano Beach Restaurant Space

      Restaurant space for rent in luxury Casamar development.
      900 N Ocean Blvd, Pompano Beach, FL 33062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    717 Ocean Blvd
    Pompano Beach, FL 33062-6313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    717 Ocean Blvd, Pompano Beach, FL, 33062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!