Property profile

1051 3rd Ave Fort Lauderdale, FL 33316

OFF-MARKET
Retail residential properties
Property ID
US18-1744556
7,494 SF 1.58 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1967
Construction CONCRETE
Total area 7,494 SF
Lot 1.58 ac (68,767 SF)
Zoning code ROA
APN 50-42-10-71-0360
UPID US18-1744556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • Law Firm
  • Law Firm
  • High School
  • Law Firm

Location

1051 3rd Ave Fort Lauderdale, FL 33316-1107
Fort Lauderdale metro Census 42302 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.77M
Comparable Approach Comparable
$2.99M
Blend (final) Blend
$420k

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ROA · Fort Lauderdale, FL
Zoning description

The intent of this zone is to promote small-scale office and residential uses together in a neighborhood setting, focusing on professional offices and single family homes

General category MIXED_USE
Top alternative use upside
Office building $3.9M +1.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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