Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4091 51St St Fort Lauderdale, FL 33314
    Back to Search
    Property profile & analytics

    4091 51St St, Fort Lauderdale, FL 33314

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Villa del sol / Vacation Rental / Real Estate Agency

    Property Details for 4091 51St St

    Year built
    1972
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a fully renovated, two-unit duplex located in desirable Dania Beach, Florida. Built in 1972, this single-story apartment building boasts a prime location, offering convenient access to the Hard Rock Casino, shopping centers, and places of worship. The property features a heated swimming pool and spacious backyard, enhancing its appeal to tenants. Each unit is fully furnished and equipped with modern amenities, making it ideal for short-term rentals or long-term occupancy. The asking price is $1,250,000. The property's spacious lot provides potential for future expansion or upgrades. This legal duplex is currently generating income, making it an attractive investment for those seeking a profitable venture in a thriving South Florida market. The address is 4091 SW 51st St, Dania Beach, FL 33314, within Broward County. This turnkey property offers immediate income potential and a strong return on investment. Don't miss this chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.2019
    Latitude
    26.0589

    Comparable in this City

    • Value Estimation by Request

      4417 52Nd St

      Multifamily properties
      4417 52Nd St, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request

      6551- 49Th Ct

      Multifamily properties
      6551- 49Th Ct, Davie, FL 33314
      View Details
    • Value Estimation by Request
      3,164 SF

      4475 54Th Ct

      Multifamily properties
      4475 54Th Ct, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request

      6190 48Th Ct

      Multifamily properties
      6190 48Th Ct, Davie, FL 33314
      View Details
    • Value Estimation by Request
      3,551 SF

      4728 66Th Ter

      Multifamily properties
      4728 66Th Ter, Davie, FL 33314
      View Details
    • Value Estimation by Request
      1,035 SF

      3055 Burris Rd

      MOBILE HOME PARK, TRAILER PARK
      3055 Burris Rd, Davie, FL 33314-2208
      View Details

    Similar Nearby for Sale

    • $6,840,000

      Davie Multifamily Portfolio For Sale

      36-unit apartment portfolio in Davie, Florida, near major amenities.
      5621 Southwest 36Th Ct, Davie, FL 33314
      View Details
    • $2,198,000
      6,012 SF

      Dania Beach Multifamily Investment Opportunity

      Two updated duplexes on nearly 3/4 acre in Dania Beach.
      4065 SW 51St St, Dania Beach, FL 33314
      View Details
    • $899,000
      3,445 SF

      Davie Triplex: Income Potential

      Well-maintained triplex in Davie with long-term tenants and upside potential.
      6590 Southwest 46Th St, Davie, FL 33314
      View Details
    • Contact for pricing
      3,551 SF

      Remodeled Triplex with Pool Access

      Fully remodeled triplex with strong rental income and desirable amenities.
      4728 SW 66Th Ter, Davie, FL 33314
      View Details
    • $3,000,000
      1.00 Acre

      Davie Commercial Property with Residences

      Commercial property in Davie, FL, with office and residential buildings.
      4901 SW 51St St, Davie, FL 33314
      View Details

    Similar Nearby for Lease

    • $1,495 /Mo

      Remodeled 1/1 Apartment For Rent

      Completely remodeled 1/1 apartment in a convenient Davie location.
      6201 SW 37Th St, Davie, FL 33314
      View Details
    • $2,250 /Mo

      Remodeled Duplex in Safe Area

      Remodeled duplex in a safe area with good schools.
      6172 SW 44Th St, Davie, FL 33314
      View Details
    • $5 SF/Yr

      Paved, Fenced Acreage for Lease

      1-2 acre paved, fenced lot near major highways.
      3030 Burris Rd, Davie, FL 33314
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Davie, Florida.
      3650 Hacienda Blvd, Davie, FL 33314
      View Details
    • Contact for pricing

      Stirling Road First Floor Office

      First floor office space with high traffic frontage.
      6099 Stirling Rd, Davie, FL 33314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4091 51St St
    Fort Lauderdale, FL 33314
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4091 51St St, Fort Lauderdale, FL, 33314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!