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    425 3Rd Ave Fort Lauderdale, FL 33301

    • Office buildings
    • 5,172 SF
    • 0.70 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US18-8284254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 425 3Rd Ave

    Year built
    1955
    Lot size
    0.70 lot acres
    Property size
    5,172 SF
    Zone code
    RAC-CC
    Property type
    Office buildings
    APN
    50-42-03-02-2090
    APU
    504203022090

    Description

    This exceptional 0.7-acre development site, located at 425 NE 3rd Ave in Fort Lauderdale's desirable Flagler Village, presents a unique opportunity. The property, with APN 5042-03-02-2090, is zoned RAC-CC and boasts fully approved plans for a 19-story, 208-unit multifamily project. The approved site plan, extending through December 2025, includes 146,250 leasable square feet of residential and commercial space. This development offers a realistic capitalization strategy, avoiding the complexities of workforce housing requirements and benefiting from allocated density at no extra cost. Situated on a prominent Flagler Village corridor, this project capitalizes on the current "flight to quality" market demand, presenting a chance to build a luxury rental community with limited new competition. The project's approved plans and prime location make this an exceptional investment opportunity in a thriving urban neighborhood. The Broward County location and 33301 zip code offer easy access to amenities and transportation.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.141
    Latitude
    26.1272
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,794
    $3,215,630
    $285,760
    $3,501,390
    -
    $3,215,630
    $285,760
    $3,501,390

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    Fort Lauderdale, FL 33301
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    Realmo Value Estimation

    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.

    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.

    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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