Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6551- 49Th Ct Davie, FL 33314

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6551- 49Th Ct

    Year built
    1982
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional Davie, Florida duplex presents a lucrative investment opportunity or a unique chance for owner-occupancy. Built in 1982, this single-story property boasts two spacious units, each featuring three extra-large bedrooms with walk-in closets and three bathrooms. The generous floor plans provide ample living space, perfect for families seeking comfort and convenience. One unit offers a separate entrance, presenting an additional income stream through rental. The property's strategic location places it within easy reach of Nova Southeastern University, Broward Community College, and the FAU Davie campus, making it highly attractive to students and faculty. Recent upgrades include a newer water heater, plumbing, drain field, AC system, and kitchen appliances. Both units benefit from separate meters for efficient utility management. Situated on a nearly half-acre lot, the property offers ample space for expansion, such as adding a pool, and provides oversized driveways for convenient parking. This is a rare find in a desirable location, combining the potential for strong rental income with the comfort of spacious living. The property is located at 6551-6553 SW 49th Ct, Davie, FL 33314, in Broward County. The asking price is $924,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2337
    Latitude
    26.0598

    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

      4091 51St St

      Multifamily properties
      4091 51St St, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request
      3,164 SF

      4475 54Th Ct

      Multifamily properties • 3,164 SF
      4475 54Th Ct, Fort Lauderdale, FL 33314
      View Details
    • Value Estimation by Request
      3,551 SF

      4728 66Th Ter

      Multifamily properties • 3,551 SF
      4728 66Th Ter, Davie, FL 33314
      View Details
    • Value Estimation by Request

      6190 48Th Ct

      Multifamily properties
      6190 48Th Ct, Davie, FL 33314
      View Details
    • Value Estimation
      $565,000
      5,373 SF

      3055 Burris Rd

      MOBILE HOME PARK, TRAILER PARK • 5,373 SF
      3055 Burris Rd, Davie, FL 33314-2208
      View Details

    Similar Nearby for Sale

    • $1,050,000
      3,551 SF

      Davie Triplex: Prime Investment

      Fully remodeled, high-yield triplex in Davie, FL
      4728 66Th Ter, Davie, FL 33314
      View Details
    • $1,015,000

      Remodeled Triplex with Pool Access

      Fully remodeled triplex generating strong rental income, all currently leased.
      4728 SW 66Th Ter, Davie, FL 33314
      View Details
    • $549,000

      Well-Maintained Duplex with Fenced Yards

      Spacious duplex with modern updates, separate meters, and private yards.
      6510 SW 49Th St, Davie, FL 33314
      View Details
    • $2,198,000
      0.75 Acres

      Dania Beach Investment Opportunity

      Two updated duplexes on 0.75 acres near Hard Rock Casino.
      4065 SW 51St St, Fort Lauderdale, FL 33314
      View Details
    • $850,000

      Well-Maintained Triplex on Large Lot

      Triplex with income potential, renovated unit, and extra-large lot.
      4265 SW 51St St, Fort Lauderdale, FL 33314
      View Details
    • $769,900
      3,145 SF

      Davie Fourplex with Value-Add Potential

      Fourplex in Davie, Florida, with value-add potential and strong location.
      4725 SW 65Th Ave, Davie, FL 33314
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Davie Duplex Near Hard Rock

      Charming 2 bed, 1 bath duplex for rent in Davie.
      6165 SW 44Th St, Davie, FL 33314
      View Details
    • $2,900 /Mo

      Davie Villa with Fenced Backyard

      Three-bedroom, two-bathroom villa with fenced backyard in Davie, Florida.
      6625 SW 49Th St, Davie, FL 33314
      View Details
    • $1,500 /Mo

      Spacious Hollywood Apartment for Rent

      One-bedroom apartment with bamboo flooring, convenient location, and fast approval.
      4841 SW 45Th Ave, Hollywood, FL 33314
      View Details
    • $1,900 /Mo

      Davie Duplex Near Hard Rock

      Charming 2 bed, 1 bath duplex for rent in Davie.
      6161 SW 44Th St, Davie, FL 33314
      View Details
    • $2,600 /Mo

      Davie Duplex with Fenced Yard

      Three-bedroom duplex with remodeled bathrooms and fenced yard for rent.
      6181 SW 41St Ct, Davie, FL 33314
      View Details
    • $3,350 /Mo

      Spacious 3-Bedroom Rental Home

      Comfortable 3-bedroom, 2-bathroom rental in a prime location.
      4072 SW 51St St, Fort Lauderdale, 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.
    6551- 49Th Ct
    Davie, 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

    Google sign-in failed. Please try again or use another login method.