FOR LEASE
Distribution centers
Property ID
US18-3228198
Entity Owned Owner of record is a legal entity (LLC / corporation).
1-yr Hold Held for 1 years.
Absentee Owner Owner mailing address differs from the property address.
Free & Clear No active or open recorded mortgage detected.
Entity Owned 
For Lease
1 / 13
$46,975,000
1600 North Northpark Dr, Weston, FL 33326
View Listing
Ownership intelligence
Who controls the opportunity?
Resolved identity, portfolio, hold profile and investor signals. Included 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?
$512k
Tax billed · 2023
Assessed value$22.08M
Assessed land$5.63M
Assessed improvement$16.45M
Effective rate2.32%
Value estimate
· Sep 2026$46.98M
$42.28M – $51.67M
CAP approach$51.06M
Sales comparison$49.33M
Realmo valuation models over county records.
Recently sold
What actually traded nearby?
$295/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$247 – $328
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?
I-1
I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planned Employment C...
General categoryINDUSTRIAL
JurisdictionBROWARD
Location intelligence
Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility9.6
Convenience Store9.0
Parking Facility8.9
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 8 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
1 recorded sale · 11 properties nearbyRecent sales nearby
1 recorded sale in this ZIP, last 8 years
Address
Sale price
Sold
Size
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
Comparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$46.98M
Value range
$42.28M – $51.67M
±10% around blend
Estimated value / SF
$235 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$42.28M
blend $46.98M
$51.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 199,800 SF
- Lot area
- 12.93 ac
- Year built
- 1994
- Stories
- 1
- APN
- 50-40-17-02-0070
- Zoning
- I-1
- Assessed value · 2023
- $22,078,380
- Annual tax · 2023
- $512,292
3
Income approach: direct capitalization
Partial preview
Income approach indication
$51.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$55.32M
@ 6.5% CAP return
$51.06M
@ 7% CAP return
$47.42M
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$49.33M
Range $49.33M – $65.50M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$46.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
ZIP 17 sales
$295
-20%
Submarket 671 sales
$348
-32%
County 1610 sales
$325
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $235/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet
No recorded sale, income signal or market-rate row for its use type. Any figures below are a modeled what-if, not an implied cap rate.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$43.75M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.76M
$55.13M
$39.37M
$30.63M
$3.06M
$61.25M
$43.75M
$34.03M
$3.37M
$67.38M
$48.12M
$37.43M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1994
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
199,800 SF
Lot
12.93 ac (563,328 SF)
Zoning code
I-1
INDUSTRIAL
APN
50-40-17-02-0070
UPID
US18-3228198
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Property tax & assessments
Tax year 2023
Tax billed
$512,292
Assessed value
$22,078,380
Assessed 2023
Previous assessed
$21,810,350
+1.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$5,633,280
Assessed improvement
$16,445,100
Land market value
$5,633,280
Improvement market value
$16,445,100
Total market value
$22,078,380
Applied tax rate
3,312.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
Jurisdiction
Weston, FL
Recorded code
I-1
Category
INDUSTRIAL
Official district
I-1
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about I-1
Zoning description
I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planned Employment Center District (§ 124.22 ) PDD Planned Development District (§ 124.21 ) AE Agricult…
General category
INDUSTRIAL
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Alternative use
- Local Zoning Insight
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