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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1044 13Th Ave Fort Lauderdale, FL 33304

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9982290
    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

    • Small apartment buildings

    Property Details for 1044 13Th Ave

    Year built
    1970
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a rare chance to acquire a six-unit multifamily property in the desirable East Fort Lauderdale area. The property consists of two triplexes located at 1044 NE 13th Ave and 1304-1308 NE 11th St (sold together), offering a combined total of 10,113 square feet of land. Each unit boasts its own separate electric meter, providing efficient utility management. Built in 1970, this one-story building is fully furnished and equipped with complete kitchens, making it ideal for immediate short-term or long-term rentals. The property is turnkey, ready to generate income, and presents a high potential for return on investment. This is a perfect opportunity for investors seeking efficiency and profitability. The asking price for this combined property is $825,000. Seller financing is available. This is a unique opportunity to acquire a substantial multifamily portfolio in a prime Fort Lauderdale location. The property is located in Broward County, Florida, with the address 1044 NE 13th Ave, Fort Lauderdale, FL 33304.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1304932
    Latitude
    26.1388394

    Comparable in this City

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      Luxury Fort Lauderdale Fourplex

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      Coral Ridge Multifamily Investment Opportunity

      East Fort Lauderdale 8-unit multifamily property with pool and upgrades.
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      Beach Area Boutique Building Units

      Three units available in Fort Lauderdale boutique building.
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      Remodeled Apartment Near Beach

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      Six-Unit Residential Income Property

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    Similar Nearby for Sale

    • $789,500
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      Fort Lauderdale Duplex Investment

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      1236 16Th Ave, Fort Lauderdale, FL 33304
      View Details
    • $5,500,000
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      Luxury Fort Lauderdale Fourplex

      Modern 4-unit, 2023 construction, prime location.
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    • $239,000

      Remodeled Apartment Near Beach

      Luxury remodeled one-bedroom apartment near the beach, move-in ready.
      508 Antioch Ave, Fort Lauderdale, FL 33304
      View Details
    • $2,700,000

      Coral Ridge Multifamily Investment Opportunity

      East Fort Lauderdale 8-unit multifamily property with pool and upgrades.
      2617 NE 13Th Ct, Fort Lauderdale, FL 33304
      View Details
    • $1,279,000

      Six-Unit Residential Income Property

      Six-unit property near beach and downtown Fort Lauderdale.
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    • $1,575,000

      Beach Area Boutique Building Units

      Three units available in Fort Lauderdale boutique building.
      520 403, Fort Lauderdale, FL 33304
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    Similar Nearby for Lease

    • $1,650 /Mo

      Furnished Apartment in Fort Lauderdale

      Furnished 1BR/1BA apartment in central Fort Lauderdale location.
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    • $2,025 /Mo

      Spacious Updated Apartment in Fort Lauderdale

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      Fort Lauderdale 1-Bedroom Apartment

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    • $1,700 /Mo

      Apartment Near Downtown Fort Lauderdale

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      Fort Lauderdale Apartment Near Downtown

      Two-bedroom apartment near downtown Fort Lauderdale, shopping, and beaches.
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      Updated Apartment Near Downtown

      One-bedroom apartment near downtown Fort Lauderdale with in-unit laundry.
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    Fort Lauderdale, FL 33304
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    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
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