Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
10620 Griffin Rd B-205 Davie, FL 33328-3217
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-9350972
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Construction
CONCRETE
Total area
1,430 SF
Zoning code
OP
APN
50-41-30-AA-0200
UPID
US18-9350972
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
$455k
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$585k
Owner & transaction history
Mrc Real Estate LLC · 17 yrs held
Mrc Real Estate LLC
since 2009
6 recorded transactions
Zoning & alternative use
OP · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$955,000
+22.3%
Auto repair, garage
$840,000
+8.0%
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 Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie 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%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$780,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$409 / 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
$9,593
Tax year 2023
Assessed value
$470,280
Assessed 2023
Previous assessed
$427,520
+10.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$47,030
Assessed improvement
$423,250
Land market value
$47,030
Improvement market value
$423,250
Total market value
$470,280
Applied tax rate
1,013.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Total area
1,430 SF
Zoning code
OP
APN
50-41-30-AA-0200
UPID
US18-9350972
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OP · Davie, FL
Zoning OP · permitted uses
OP · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$665,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Construction
CONCRETE
Heating
NONE
Current owner
From public records · entity-resolved
Mrc Real Estate LLC
Entity
Mailing address
10620 GRIFFIN RDB-205, DAVIE, FL 33328-3217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2019
—
Mrce Real Estate LLC
—
Trustees Deed
related
$700,000 · Harel Ff LP
Apr 10, 2017
—
Marce Real Estate LLC
—
Deed
related
$1,000,000 · Fuse Fndg Fund R LLC
Apr 9, 2009
$325,000
Mrc Real Estate LLC
Jobson,aristotle
Warranty Deed
$276,250 · Regions Bank
Jun 22, 2007
$490,000
Aristotle Jobson
New Dawn Cooper City Ltd
Grant Deed
$408,000 · Interbay Funding LLC
—
—
Mrce Real Estate LLC
—
Deed Of Trust
related
$448,000 · Bank United
—
—
Marce Real Estate LLC
—
Deed Of Trust
related
$1,000,000 · Fuse Fndg Fund R LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10620 Griffin Rd, Unit B-205?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
