Financial
Distress signals
Property profile

642 NE 3 Ave Ft Fort Lauderdale, FL 33304

FOR LEASE
Day care centers
Property ID
US18-2209838
1,278 SF 0.31 ac lot Built 1958
Last sale Feb 2022 · $3,030,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A commercial land parcel located at 642 NW 3rd Ave in Fort Lauderdale, situated in the Progresso Village and Flagler Village areas. The lot is a corner site with a rectangular configuration measuring over 13,500 square feet, offering an efficient layout for development. Zoning is RMM-25, which permits mixed-use projects, townhouses, and multifamily development. The property is designated as an Opportunity Zone and is positioned near Sistrunk Marketplace and Brewery.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$796k
Assessed land$540k
Assessed improvement$256k
Effective rate2.05%

Value estimate

· Sep 2026
$2.57M
$2.31M – $2.83M
AI approach$2.87M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$314/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$217 – $434

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RMM-25
RMM-25 district is intended for mid-rise multifamily residences and tourist accommodations. The RMM-25 district has a maximum density of ...
General categoryRESIDENTIAL
JurisdictionBROWARD

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.8
Butcher7.7
Bookstore7.6

Location

642 NE 3 Ave Ft Fort Lauderdale, FL 33304
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 14 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17 27th, Fort Lauderdale, FL 33311-8659 $3,200,500 Dec 2025 1,800 SF
2425 19th, Fort Lauderdale, FL 33311-3404 $1,160,000 Jul 2024 2,507 SF
1301 6th, Fort Lauderdale, FL 33311-7903 $862,500 Jan 2022 4,448 SF
2860 Oakland Park, Oakland Park, FL 33311-1302 $1,375,000 Aug 2021 6,642 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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