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Property profile & analytics
OFF-MARKET
Estimated value
$5,030,000
Drug stores
10350 Royal Palm Blvd Coral Springs, FL 33065-4818
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5132761
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
CONCRETE
Total area
14,877 SF
Lot
2.11 ac (91,702 SF)
Zoning code
B-2
APN
48-41-21-36-0014
UPID
US18-5132761
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
$3.76M
CAP Approach
CAP
$5.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.03M
Owner & transaction history
Project Summit Fund V LLC · 3 yrs held
Project Summit Fund V LLC
since 2022
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+76.6%
Medical building
$5.2M
+17.7%
Warehouse, storage
$4.5M
+2.2%
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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
$3,425,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
$6,025,000
6.5%
$5,560,000
7%
$5,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,435,000
Current use
COMMERCIAL (GENERAL)
$7,835,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$5,220,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,530,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$5.03M
Range $4.53M – $5.53M · ±10% · vs last sale $5.18M (Aug 30 2022)
Last sale anchor
$5.18M
Aug 30 2022
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
$338 / 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
$95,857
Tax year 2023
Assessed value
$4,433,440
Assessed 2023
Previous assessed
$4,045,600
+9.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$917,020
Assessed improvement
$3,516,420
Land market value
$917,020
Improvement market value
$3,516,420
Total market value
$4,433,440
Applied tax rate
2,812.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,877 SF
Lot
2.11 ac (91,702 SF)
Zoning code
B-2
APN
48-41-21-36-0014
UPID
US18-5132761
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Coral Springs, FL
Zoning B-2 · permitted uses
B-2 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Project Summit Fund V LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$5,175,000
Project Summit Fund V LLC
Walgreen Co
Special Warranty Deed
—
Aug 30, 2022
—
Walgreen Co
Project Summit Fund V LLC
Lease
—
Aug 16, 2005
$4,468,900
Walgreen Co
Nnn/1031 No 10 Royal Springs L
Warranty Deed
—
Jul 22, 2004
$2,053,600
Nnn/1031 10 Royal Springs LLC
Royal Springs Corp
Grant Deed
related
—
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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