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    Property profile & analytics
    OFF-MARKET Estimated value $1,385,000
    Motels

    908 15th Ave, Fort Lauderdale, FL 33304-4403

    2,060 SF 0.15 ac lot Built 1957
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-1945322
    Property summary
    AI-generated overview

    This fully renovated, 8-key hotel in Fort Lauderdale's Victoria Park offers an exceptional investment opportunity. Built in 1957 and extensively renovated in 2021, this two-story, 2,060 square foot property sits on a 0.15-acre lot (APN: 49-42-34-05-8030) and is zoned RMM-25. Its prime location near Las Olas Boulevard, the beach, and the Seminole Hard Rock Hotel & Casino, within the high-traffic corridor of Sunrise Boulevard (approx. 60,600 vehicles daily), ensures strong demand. The property benefits from its proximity to numerous attractions, including Bonnet House Museum & Gardens, the Museum of Discovery and Science, and Nova Southeastern University, all within the Miami-Fort Lauderdale-Pompano Beach MSA (population over 6 million). Currently operating as a short-term rental/Airbnb, this hotel presents significant upside potential for an owner-operator, given its current absentee ownership. The asking price is $1,900,000 ($922.33/sq ft). This represents an entry-level price point for a fully renovated hotel in a highly sought-after South Florida market with limited hotel supply. The property's success is further supported by its location amongst million-dollar homes and townhomes in one of Fort Lauderdale's most affluent neighborhoods. This is a rare opportunity to acquire a profitable, established hospitality business in a thriving market.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1957
    Construction CONCRETE
    Total area 2,060 SF
    Lot 0.15 ac (6,750 SF)
    Zoning code RMM-25
    APN 49-42-34-05-8030
    UPID US18-1945322
    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
    • Karen’s Las Olas Guest House Hotel & Motel
    • Kim Kardashian Suite- K1 Hotel & Motel
    • Las Olas Guesthouse @ 15th Avenue Bed & Breakfast Hotel & Motel
    • B Hotel Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.54M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.57M
    Blend (final) Blend
    $1.39M
    Owner & transaction history
    Sleep Over Guest House LLC · 4 yrs held
    Sleep Over Guest House LLC
    since 2022
    Last sale
    $1.4M
    7 recorded transactions
    2022
    $1.9M
    2017
    $1.5M
    2010
    $625,000
    2010
    2009
    2009
    1969
    Zoning & alternative use
    RMM-25 · Fort Lauderdale, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.7M +59.2%
    Commercial (general) $1.6M +55.7%
    Neighborhood: shopping center $1.6M +47.8%
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