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    123 Main St Plantation, FL 33317
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    123 Main St, Plantation, FL 33317

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    • Retail properties & Spaces
    • 10,479 SF
    • 1.13 lot acres
    For Sale
    $4,300,000
    View Listing →
    Plantation Auto Repair Business & Real Estate For Sale
    $4,300,000
    10,479 SF

    Plantation Auto Repair Business & Real Estate

    High-Visibility Auto Shop, Great Redevelopment Potential

    Fort Lauderdale, FL 33317
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 123 Main St

    Lot size
    1.13 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.221
    Latitude
    26.1218

    Comparable in this City

    • Value Estimation by Request
      159,352 SF

      2 Fl-7

      Retail properties & Spaces
      2 Fl-7, Fort Lauderdale, FL 33317
      View Details
    • Value Estimation by Request
      2,900 SF

      State Road 7

      Individual retail properties
      0 State Road 7, Plantation, FL 33317
      View Details
    • Value Estimation by Request

      1819 State Road 7

      Distribution properties
      1819 State Road 7, Davie, FL 33317
      View Details
    • Value Estimation by Request
      1.43 Acres

      2500 Davie Road Ext

      Automotive properties
      2500 Davie Road Ext, Davie, FL 33317
      View Details
    • Value Estimation
      $750,000
      2,310 SF

      1211 State Rd 7th 7

      AUTO REPAIR, GARAGE
      1211 State Rd 7th 7, Davie, FL 33317-5805
      View Details
    • Value Estimation
      $1,575,000
      4,707 SF

      1543 State Rd 7th 7

      AUTO REPAIR, GARAGE
      1543 State Rd 7th 7, Davie, FL 33317-6405
      View Details

    Similar Nearby for Sale

    • $4,300,000
      1.13 Acres

      Plantation Auto Repair Business & Real Estate

      High-Visibility Auto Shop, Great Redevelopment Potential
      123 Main St, Plantation, FL 33317
      View Details
    • New
      $300,000
      3,000 SF

      Collision and Painting Shop Opportunity

      Established collision and painting shop with turn-key equipment, ready for operators seeking highway access and strong income potential.
      Davie, FL 33317
      View Details
    • $115,000
      Pending

      Established Auto Paint Business

      Profitable auto paint business for sale in Davie, Florida.
      2000 SW 71St Ter, Davie, FL 33317
      View Details
    • $90,000
      1,482 SF

      Turnkey Boba Tea Shop

      Operating boba tea shop in a Publix-anchored plaza.
      Boba Tea Shop For Sale In Plantation, Plantation, FL 33317
      View Details
    • $4,850,000
      10,886 SF

      Davie Warehouse/Distribution Investment Opportunity

      10,886 SF Davie building suitable for industrial, warehouse, or distribution.
      7051 SW 21St Pl, Davie, FL 33317
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,925 SF

      Warehouse/Flex/Showroom Space For Rent

      Prime warehouse/flex/showroom space with convenient highway access.
      2501 Davie Road Ext, Davie, FL 33317
      View Details
    • Contact for pricing
      1,500 SF

      Warehouse Space Available For Lease

      88,120 sq ft warehouse on 279,495 sq ft land.
      991 S State Road 7, Plantation, FL 33317
      View Details
    • Contact for pricing
      90,113 SF

      Davie Warehouse Space Available

      182,773 square foot warehouse space for lease.
      6900 W State Road 84, Davie, FL 33317
      View Details
    • Contact for pricing
      1,735 SF

      Davie Flex Space Available

      1,735 SF flex space with loading door and AC.
      6535 Nova Dr, Davie, FL 33317
      View Details
    View Listing
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    Plantation, FL 33317
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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.

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