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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Office buildings
1414 3rd Ave Fort Lauderdale, FL 33316-1910
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1750610
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
6,025 SF
Lot
0.64 ac (27,914 SF)
Zoning code
ROA
APN
50-42-15-10-1700
UPID
US18-1750610
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
-
Fort Lauderdale Physical Therapy Medical Clinic
-
Schechter Neil A MD Physician
-
Berkowitz Bruce M MD Physician
-
Jarolem Kenneth L MD Physician
-
Cummings Phillip B MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.10M
Owner & transaction history
Broward Health Professional Holding · 2 yrs held
Broward Health Professional Holding
since 2024
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
ROA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+62.7%
Auto repair, garage
$4.9M
+54.4%
Neighborhood: shopping center
$4.5M
+43.3%
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
$3,100,000
ML approach
$3,100,000
CAP Approach
CAP Return
Estimation
6%
$3,075,000
6.5%
$2,840,000
7%
$2,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,165,000
Current use
RESTAURANT
$5,145,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,885,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,535,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,120,000
Change: -1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,830,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$2,810,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$2,705,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±10% · vs last sale $3.10M (Mar 1 2024)
Last sale anchor
$3.10M
Mar 1 2024
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
$515 / 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
$35,634
Tax year 2023
Assessed value
$1,724,710
Assessed 2023
Previous assessed
$1,724,710
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$502,450
Assessed improvement
$1,222,260
Land market value
$502,450
Improvement market value
$1,222,260
Total market value
$1,724,710
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
6,025 SF
Lot
0.64 ac (27,914 SF)
Zoning code
ROA
APN
50-42-15-10-1700
UPID
US18-1750610
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ROA · Fort Lauderdale, FL
Zoning ROA · permitted uses
ROA · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Broward Health Professional Holding
Entity
Free & Clear · 2 yrs held
Mailing address
1414 SE 3RD AVE, FORT LAUDERDALE, FL 33316-1910
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Mar 1, 2024
$3,100,000
Broward Health Professional Holding
Third Avenue Holdings LLC
Warranty Deed
—
May 31, 2019
—
Third Avenue Holdings LLC
—
Deed
related
$1,310,000 · Jpmorgan Chase Bank NA
Jul 1, 1999
$285,000
Third Avenue Holdings LLC
Goldstein,susan P
Quit Claim Deed
related
—
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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