Richard Spado
Investment Real Estate Advisor, The Keyes Company - Commercial Sales & Leasing
Miami, FL 33129
Trusted South FL CRE advisor | Multifamily & hotel sales | 30+ yrs | $600M+ closed transactions.
Phone (305) 335-0109
Trusted South FL CRE advisor | Multifamily & hotel sales | 30+ yrs | $600M+ closed transactions.
Specialties
Investment Sales Broker
Property Types
Hospitality, Retail, Multifamily
Markets
South Florida
Languages
English, Italian
Bio
Richard Spado
Commercial Real Estate Advisor | Investment Property Specialist
The Keyes Company – Commercial Division
South Florida
Richard Spado is a highly experienced commercial real estate advisor with more than 30 years of transaction expertise and over $600 million in closed investment sales. Based in South Florida, Richard specializes in the acquisition and disposition of multifamily properties (10–100+ units), boutique hotels and motels, retail strip centers, redevelopment sites, and select Class A industrial and warehouse assets throughout Broward, Miami-Dade, and Palm Beach Counties.
Richard represents private investors, family offices, estate trustees, nonprofit organizations, and long-time property owners who are evaluating whether to hold, reposition, or sell generational assets. His advisory approach goes beyond brokerage — he focuses on helping clients understand market timing, capital gains exposure, 1031 exchange strategies, passive income alternatives, and long-term wealth preservation planning.
He is particularly well known for working with legacy owners who have owned properties for decades and are navigating estate planning, succession considerations, or a transition from active management to passive income. Richard frequently structures transactions involving seller financing, balloon notes, SBA financing, redevelopment positioning, condo conversion strategies, and land value analysis in supply-constrained coastal submarkets.
Hotel & Hospitality Expertise
Richard has significant experience with boutique and independent hotel properties throughout the Fort Lauderdale and greater South Florida tourism corridors. His work includes repositioning underperforming assets, evaluating ADR/occupancy metrics against market performance, land use and zoning analysis, redevelopment feasibility, and investor underwriting support.
Multifamily Investment Focus
In the multifamily sector, Richard concentrates on 10–50 unit properties as well as larger investment portfolios. He provides detailed valuation analysis including cap rate studies, price-per-unit comparisons, expense normalization, and pro-forma projections. He works closely with investors evaluating rent repositioning strategies, redevelopment potential, and 1031 exchange deployment into passive NNN assets or institutional-grade properties.
Retail & Mixed-Use Assets
Richard also advises on neighborhood retail centers and mixed-use properties in strong demographic corridors. He evaluates tenant stability, parking ratios, frontage exposure, zoning overlays, and long-term redevelopment upside in supply-constrained urban locations.
Advisory Philosophy
Richard is relationship-driven and known for long-term client engagement. Many of his transactions originate from multi-year dialogues with property owners. His process is consultative, data-driven, and grounded in real underwriting metrics rather than theoretical pricing.
Clients value his:
• Deep understanding of South Florida submarkets
• Strong negotiation skills
• Ability to navigate complex financing structures
• Strategic 1031 exchange planning insight
• Transparent communication and hands-on deal management
Background
He is affiliated with The Keyes Company Commercial Division and is active throughout the South Florida investment market.
Richard welcomes conversations with property owners, investors, and institutions seeking experienced guidance in the sale, acquisition, or strategic repositioning of investment real estate assets.
Education
Awards
