Casitas Coral Ridge

$4,550,000

Key Information

Cap Rate

9.33%

Tot. SF

6,726

Lot Size

0.46 Acres

Units

Year Built

1959

Type

Hospitality

Occupancy

83%

NOI

$425,000

Highlights

• 9.33% Cap Rate — Strong in-place yield with opportunity to further increase Revenue
• $425,000 NOI — Demonstrated, in-place operating income
• 83% Occupancy Rate — High year-round utilization
• 16 Boutique Keys — Suites, studios & hotel rooms
• One Mile to Beach — Minutes to Fort Lauderdale’s coastline
• Tech-Driven Ops — Contactless check-in & smart locks
• Medical Referrals — Recurring demand from nearby hospitals
• Office-to Suite Upside — Add a 16th key with no new footprint
• Limited Competition — Scarce boutique inventory in Coral Ridge