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    201 2Nd St Fort Lauderdale, FL 33301

    • Office Properties & Spaces
    • 6,641 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The White Law Center, P.A. / Criminal Justice Attorney / Immigration Attorney
    • Gimbel & Associates / Employment Agency
    • The Den Sports Bar and Lounge / Bar / Sports Bar
    • Purpose Built Families / Foundation
    • Fairbanks Weighing / Weigh Station

    Property Details for 201 2Nd St

    Year built
    1964
    Property size
    6,641 SF
    Property type
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1412
    Latitude
    26.1209

    Comparable in this City

    • Value Estimation by Request
      6,641 SF

      201 2Nd St

      Office Properties & Spaces • 6,641 SF
      201 2Nd St, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      15,190 SF

      110 Broward Blvd

      Office space • 15,190 SF
      110 Broward Blvd, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request

      441 2Nd Ave

      Office space
      441 2Nd Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request

      431 1St Ave

      Office Properties & Spaces
      431 1St Ave, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      31,796 SF

      200 And 300

      Office space • 31,796 SF
      200 And 300, Fort Lauderdale, FL 33301
      View Details
    • Value Estimation by Request
      38,325 SF

      633 Andrews Ave

      Office Properties & Spaces • 38,325 SF
      633 Andrews Ave, Fort Lauderdale, FL 33301
      View Details

    Similar Nearby for Sale

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      Downtown Fort Lauderdale Office Building

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    • $18,000,000
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    • $4,800,000
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      Downtown Fort Lauderdale Office Space

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    • $7,700,000

      Downtown Fort Lauderdale Office Building

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      Fat Village Office Building Investment

      Prime Fort Lauderdale Office, Development Potential
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    • $1,900,000

      Downtown Fort Lauderdale Office Trio

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    Similar Nearby for Lease

    • $0.06 SF/Yr
      4,850 SF

      Downtown Fort Lauderdale Office Space

      4,850 SF Office, Prime Location
      200 Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $28 SF/Yr
      6,641 SF

      Downtown Fort Lauderdale Office Building

      6,641 SF Office, Prime Location
      201 2Nd St, Fort Lauderdale, FL 33301
      View Details
    • $22 SF/Yr
      23,296 SF

      Fort Lauderdale Office Building

      Entirely vacant, prime location.
      33 2Nd St, Fort Lauderdale, FL 33301
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    • Contact for pricing
      266,620 SF

      Tower 101 Office Space for Lease

      Upscale Office Building, 266,620 sq ft
      101 3Rd Ave, Fort Lauderdale, FL 33301
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    • $34 SF/Yr
      38,325 SF

      Downtown Fort Lauderdale Office Space

      Prime Office Suites, 2,031-5,600 SF
      633 Andrews Ave, Fort Lauderdale, FL 33301
      View Details
    • $0.03 SF/Yr
      11,563 SF

      Downtown Fort Lauderdale Office Space

      Prestigious 11,563 SF Office Suite
      200 Andrews Ave, Fort Lauderdale, FL 33301
      View Details
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    201 2Nd St
    Fort Lauderdale, FL 33301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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