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

    10241 Broward Blvd Plantation, FL 33324-2114

    • Drug stores
    • 11,236 SF
    • 1.58 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2021
    $4,617,500
    Value Estimations
    $4,905,000
    Show details
    Cap Rate Potential
    3.4%
    Drug stores
    Location Intelligence
    Property ID
    US18-0180423
    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

    • Kathryn Pebanco / Nurse Practitioner
    • CVS / Convenience Store / Cosmetics Store
    • Seyed Sadeghi / Nurse Practitioner / General Practitioner
    • Coinhub Bitcoin ATM Teller / Atm
    • Pauline Samuels / Pharmacy

    Property Details for 10241 Broward Blvd

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    1.58 lot acres
    Property size
    11,236 SF
    Zone code
    B-7Q
    Property type
    Drug stores
    APN
    50-41-06-11-0014
    APU
    504106110014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,895,000
      ML approach
      $5,995,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,335,000
      6.5%
      $3,080,000
      7%
      $2,860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,218,000
      Market price range: $2.41M - $6.40M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,265,000
      Current use
      COMMERCIAL (GENERAL)
      $5,820,000
      Change: +37% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $5,280,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $5,235,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.286
    Latitude
    26.1212
    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
    $62,948
    $1,397,780
    $1,632,130
    $3,029,910
    -
    $1,397,780
    $1,632,130
    $3,029,910

    Comparable in this City

    • Value Estimation
      $2,625,000
      12,018 SF

      10181 Broward Blvd

      DRUG STORE, PHARMACY • 12,018 SF
      10181 Broward Blvd, Plantation, FL 33324-2243
      View Details
    • Value Estimation
      $7,400,000
      16,921 SF

      181 University Dr

      DRUG STORE, PHARMACY • 16,921 SF
      181 University Dr, Plantation, FL 33324-2015
      View Details
    • Value Estimation
      $500,000
      3,302 SF

      850 Nob Hl Rd

      FINANCIAL BUILDING • 3,302 SF
      850 Nob Hl Rd, Plantation, FL 33324-1031
      View Details
    • Value Estimation
      $645,000
      3,767 SF

      1191 University Dr

      FINANCIAL BUILDING • 3,767 SF
      1191 University Dr, Plantation, FL 33324-3322
      View Details
    • Value Estimation
      $4,000,000
      29,916 SF

      8392 State Rd 84th, Unit 8580

      RETAIL STORES (PERSONAL SERVICES) • 29,916 SF
      8392 State Rd 84th, Davie, FL 33324-4561
      View Details
    • Value Estimation
      $3,335,000
      22,738 SF

      2380 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 22,738 SF
      2380 University Dr, Davie, FL 33324-5816
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail/Office Space in Davie

      Versatile 1,353 SF suite in prime Davie location.
      9090 W State Road 84, Fort Lauderdale, FL 33324
      View Details
    • $90,000

      Turnkey Hair Salon For Sale

      Fully equipped hair salon in prime location with high foot traffic.
      9114 W State Road 84, Fort Lauderdale, FL 33324
      View Details
    • $63,000

      Turnkey Tailoring & Boutique Business

      Profitable tailoring and boutique business with established client list.
      8275 W Broward Blvd, Fort Lauderdale, FL 33324
      View Details
    • $4,000,000

      Retail Plaza in Plantation, Florida

      Retail shopping plaza in a high-traffic Plantation location.
      1806 N Pine Island Rd, Plantation, FL 33324
      View Details
    • $5,200,000
      2,837 SF

      New Restaurant with Long-Term Lease

      Recently built restaurant property with a long-term lease.
      10197 Cleary Blvd, Plantation, FL 33324
      View Details
    • $99,000
      3,200 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar in a prime Plantation location.
      Turnkey Restaurant & Bar For Sale Prime Plantation, Plantation, FL 33324
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,378 SF

      Lauderhill Retail Space For Lease

      Retail space in a busy Lauderhill shopping center.
      4806-4992 N University Dr, Lauderhill, FL 33324
      View Details
    • Contact for pricing

      Plantation Retail and Restaurant Space

      Retail and restaurant spaces available in a high-traffic power center.
      Plantation, FL 33324
      View Details
    • Contact for pricing
      1,392 SF

      Plantation Retail Space Available

      Retail space available for rent in Plantation, Florida.
      10001-10101 Cleary Blvd, Plantation, FL 33324
      View Details
    • Contact for pricing

      Retail Space Near Westfield Broward

      Retail space available near a major shopping destination.
      7700 Peters Rd, Plantation, FL 33324
      View Details
    • Contact for pricing
      60,414 SF

      Plantation Commons Retail Space

      Prime Broward County retail space available.
      0 University Dr. & Peters Rd, Plantation, FL 33324
      View Details
    • Contact for pricing

      Plantation Retail Opportunity with Drive-Thru

      Retail space with drive-thru lanes and walk-up ATM.
      1790 N Pine Island Rd, Plantation, FL 33324
      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.
    10241 Broward Blvd
    Plantation, FL 33324-2114
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.