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Property profile & analytics
OFF-MARKET
Estimated value
$11,550,000
Hotels
999 62nd St, Fort Lauderdale, FL 33309-1903
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5579251
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1985
Construction
CONCRETE
Total area
68,542 SF
Lot
2.73 ac (119,097 SF)
Zoning code
B-1
APN
49-42-09-31-0020
UPID
US18-5579251
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
$12.62M
CAP Approach
CAP
$10.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.55M
Owner & transaction history
Cypress Creek Enterprises LLC · 4 yrs held
Cypress Creek Enterprises LLC
since 2021
Last sale
$8.1M
3 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,980,000
ML approach
$12,615,000
CAP Approach
CAP Return
Estimation
6%
$11,075,000
6.5%
$10,220,000
7%
$9,490,000
Blend value · Realmo final
$11.55M
Range $10.40M – $12.71M · ±10% · vs last sale $8.08M (Dec 20 2021)
Last sale anchor
$8.08M
Dec 20 2021
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
$169 / 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
$221,073
Tax year 2023
Assessed value
$10,899,700
Assessed 2023
Previous assessed
$8,068,230
+35.1% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,071,870
Assessed improvement
$9,827,830
Land market value
$1,071,870
Improvement market value
$9,827,830
Total market value
$10,899,700
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
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
4
Units
145
Total area
68,542 SF
Lot
2.73 ac (119,097 SF)
Zoning code
B-1
APN
49-42-09-31-0020
UPID
US18-5579251
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
145
Lot
2.73 ac
Current owner
From public records · entity-resolved
Cypress Creek Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9130 GUILFORD RD, COLUMBIA, MD 21046-1803
Ownership since
2021
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
Dec 20, 2021
$8,075,000
Cypress Creek Enterprises LLC
Cplg Fl Properties LLC
Special Warranty Deed
—
Jun 5, 2018
—
Cplg Fl Properties LLC
—
Grant Deed
related
$1,035,000,000 · Jp Morgan Chase Bk
May 11, 2007
—
Bre Of Lq Fl Properties LLC
La Quinta Properties INC
Grant Deed
$2,075,000,000 · Bank Of America
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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