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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Office buildings
1111 Broward Blvd Fort Lauderdale, FL 33312-1638
Individually Owned
27-yr Hold
Free & Clear
Property ID
US18-6020640
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1974
Construction
CONCRETE
Total area
16,659 SF
Lot
0.4 ac (17,636 SF)
Zoning code
B-1
APN
50-42-04-01-0240
UPID
US18-6020640
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
Current use
Occupant on record · Public records
-
Dr. Perla Najman Physician
-
Dr. Chandra Mickles Physician
-
Samantha Mcintosh Physician
-
Leticia Rousso Physician
-
Ficcarra Andy MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.86M
Comparable Approach
Comparable
$6.33M
Blend (final)
Blend
$6.20M
Owner & transaction history
North Broward Hospital Distric · 27 yrs held
North Broward Hospital Distric
since 1999
1 recorded transaction
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+34.6%
Industrial (general)
$7.8M
+22.1%
Medical building
$7.8M
+21.1%
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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%
$8,510,000
6.5%
$7,855,000
7%
$7,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,415,000
Current use
COMMERCIAL (GENERAL)
$8,630,000
Change: +35% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,830,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$7,765,000
Change: +21% · Conversion: Easy
RETAIL STORES
$6,790,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±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
$372 / 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
$1,760
Tax year 2023
Assessed value
$3,211,960
Assessed 2023
Previous assessed
$2,914,740
+10.2% YoY
Effective rate
0.05%
On assessed value
Assessed land
$211,630
Assessed improvement
$3,000,330
Land market value
$211,630
Improvement market value
$3,000,330
Total market value
$3,211,960
Applied tax rate
312.0000
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
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
16,659 SF
Lot
0.4 ac (17,636 SF)
Zoning code
B-1
APN
50-42-04-01-0240
UPID
US18-6020640
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.8M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
North Broward Hospital Distric
Individual
Free & Clear · 27 yrs held
Mailing address
1800 NW 49TH ST, FORT LAUDERDALE, FL 33309-3092
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 1999
$2,232,500
North Broward Hospital Distric
Nova Southeastern University
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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