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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
1000 Lauderdale Ave North Lauderdale, FL 33068-3426
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0778108
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
CONCRETE
Total area
3,111 SF
Lot
1.02 ac (44,576 SF)
Zoning code
B-2
APN
49-41-02-05-0725
UPID
US18-0778108
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Aaj Patel Properties LLC · 7 yrs held
Aaj Patel Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-2 · North Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and limited service needs of several neighborhoods or a substantial territory. Retail stores are intended to include convenience items, fashion and durable good sales. B-2 districts may be located along traffic arteries or in concentrated shopping centers
Zone name
Community Business
General category
COMMERCIAL
Zone area
178.88 ac
Source
Realmo
Top alternative use upside
Medical building
$1.1M
+17.7%
Warehouse, storage
$960,000
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Lauderdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Current use
MEDICAL BUILDING
$1,090,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$227 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,585
Tax year 2023
Assessed value
$789,010
Assessed 2023
Previous assessed
$789,010
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$312,030
Assessed improvement
$476,980
Land market value
$312,030
Improvement market value
$476,980
Total market value
$789,010
Applied tax rate
2,912.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
3,111 SF
Lot
1.02 ac (44,576 SF)
Zoning code
B-2
APN
49-41-02-05-0725
UPID
US18-0778108
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · North Lauderdale, FLZoning B-2 · permitted uses
B-2 · North Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and limited service needs of several neighborhoods or a substantial territory. Retail stores are intended to include convenience items, fashion and durable good sales. B-2 districts may be located along traffic arteries or in concentrated shopping centers
Zone name
Community Business
General category
COMMERCIAL
Zone area
178.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$930,000
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$960,000
RETAIL STORES Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Aaj Patel Properties LLC
Entity
Mailing address
PO BOX 26167, TAMARAC, FL 33320-6167
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Aaj Patel Properties LLC
—
Deed
related
$270,000 · Cchc Fund III LP
Mar 20, 2019
$100
Aaj Patel Properties LLC
Patel,chandravadan V
Quit Claim Deed
related
—
Dec 5, 2003
—
Chandravadan V Patel
—
Trustees Deed
related
$360,000 · Pan American Bank
Mar 20, 2002
$95,000
Chandravadan V Patel
S L H Realty Corp
Grant Deed
$75,009 · First Union National Bank
—
—
Chandravadan V Patel
—
Deed Of Trust
related
$216,000 · John L & Mindy Ruth
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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