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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Retail space
112-114 12th St Fort Lauderdale, FL 33315
Entity Owned
6-yr Hold
Property ID
US18-3124576
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
CONCRETE
Total area
5,619 SF
Lot
0.27 ac (11,666 SF)
Zoning code
SRAC-SAW
APN
50-42-15-10-0030
UPID
US18-3124576
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
$2.05M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.80M
Owner & transaction history
Sudsies 112 LLC · 6 yrs held
Sudsies 112 LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
SRAC-SAW · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+36.5%
Office building
$2.7M
+24.8%
Industrial (general)
$2.6M
+23.9%
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
$1,955,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,130,000
Current use
COMMERCIAL (GENERAL)
$2,910,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$2,660,000
Change: +25% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,640,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$2,620,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.50M (Mar 16 2020)
Last sale anchor
$1.50M
Mar 16 2020
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
$319 / 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
$26,235
Tax year 2023
Assessed value
$1,203,480
Assessed 2023
Previous assessed
$1,203,480
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$139,990
Assessed improvement
$1,063,490
Land market value
$139,990
Improvement market value
$1,063,490
Total market value
$1,203,480
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,619 SF
Lot
0.27 ac (11,666 SF)
Zoning code
SRAC-SAW
APN
50-42-15-10-0030
UPID
US18-3124576
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SRAC-SAW · Fort Lauderdale, FL
Zoning SRAC-SAW · permitted uses
SRAC-SAW · 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
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sudsies 112 LLC
Entity
Mailing address
300 71ST ST STE #620, MIAMI BEACH, FL 33141-3089
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2020
$1,500,000
Sudsies 112 LLC
Moadavie Holdings LLC
Warranty Deed
$2,400,000 · City National Bank Of Florida
Aug 7, 2019
—
Mondavie Holdings LLC
—
Deed
related
$300,000 · Natan Korleicar
Aug 1, 2017
—
Mondavie Holdings LLC
—
Deed
related
$550,000 · Natan Korleicar
Nov 21, 2016
$1,042,500
Mondavie Holdings LLC
Jne Holdings LLC
Warranty Deed
related
$1,600,000 · Fuse Funding Fund R LLC
Dec 22, 2011
$400,000
Jne Holdings LLC
Pings Company
Warranty Deed
$340,000 · Suntrust Bank
Dec 31, 1997
$211,000
Pings Co
Lammers,brian M
Grant Deed
—
—
—
Pings Co
—
Deed Of Trust
related
$245,127 · Branch Banking & Trust Co
—
—
Mondavie Holdings LLC
—
Loan Modification
related
$300,000 · Natan Korleicar
—
—
Mondavie Holdings LLC
—
Deed Of Trust
related
$550,000 · Natan Korleicar
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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