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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Turn key restaurants
115 6th St Fort Lauderdale, FL 33311-7443
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4321507
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
CONCRETE
Total area
23,122 SF
Lot
0.89 ac (38,847 SF)
Zoning code
NWRAC-MUE
APN
50-42-03-10-0020
UPID
US18-4321507
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
-
VABBÈ Pizza Restaurant
-
Nellie's Southern Table Restaurant
-
Coffee Papis Cafe & Coffee Shop
-
Chop Shoppe Meat Provisions Take-out & Catering Butcher
-
Shuck Boys Oyster Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
North West 6th Investments LLC · 9 yrs held
North West 6th Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
NWRAC-MUE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$100 / 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
$88,318
Tax year 2023
Assessed value
$4,002,360
Assessed 2023
Previous assessed
$4,001,490
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$388,470
Assessed improvement
$3,613,890
Land market value
$388,470
Improvement market value
$3,613,890
Total market value
$4,002,360
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
23,122 SF
Lot
0.89 ac (38,847 SF)
Zoning code
NWRAC-MUE
APN
50-42-03-10-0020
UPID
US18-4321507
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NWRAC-MUE · Fort Lauderdale, FL
Zoning NWRAC-MUE · permitted uses
NWRAC-MUE · 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.
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
North West 6th Investments LLC
Entity
Mailing address
2755 E OAKLAND PARK BLVD STE #304, FORT LAUDERDALE, FL 33306-1629
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
North West 6th Investments LLC
—
Deed
related
$1,400,000 · Fort Lauderdale Cmnty Redev
Jul 16, 2019
—
North West 6th Investments LLC
—
Grant Deed
related
$5,000,000 · Valley Nat'l Bk
Mar 28, 2017
$2,600,000
North West 6th Investments LLC
Flagler Prop Of Broward Cnty LLC
Warranty Deed
$1,300,000 · Valley Nat'l Bk
Jul 1, 2010
$1,500,000
Flagler Prop Of Broward Cnty LLC
Flagler Place LLC
Warranty Deed
$1,250,000 · First United Bank
Mar 22, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Apr 4, 2005
$1,900,000
Flagler Place LLC
Morgaman Philip E
Grant Deed
$1,900,000 · Equitable Bank
—
—
North West 6th Investments LLC
—
Deed Of Trust
related
$1,400,000 · Fort Lauderdale Cmnty Redev
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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