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Property profile & analytics
FOR LEASE
Office buildings
11555 Heron Bay Blvd 200 Coral Springs, FL 33076
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-1901972
For Lease
1 / 12
$129-$32,190/Mo
11555 Heron Bay Blvd,Unit 200, Coral Springs, FL 33076
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
47,640 SF
Lot
2.96 ac (128,809 SF)
Zoning code
B-2
APN
48-41-06-01-0017
UPID
US18-1901972
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
$15.43M
Comparable Approach
Comparable
$12.60M
Blend (final)
Blend
$12.57M
Owner & transaction history
Brg Heron Bay LLC · 11 yrs held
Brg Heron Bay LLC
since 2015
7 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$20.5M
+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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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%
$16,715,000
6.5%
$15,430,000
7%
$14,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,945,000
Current use
WAREHOUSE, STORAGE
$20,470,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$16,720,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$12.57M
Range $11.31M – $13.83M · ±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
$264 / 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
$241,088
Tax year 2023
Assessed value
$11,212,850
Assessed 2023
Previous assessed
$11,212,850
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,545,710
Assessed improvement
$9,667,140
Land market value
$1,545,710
Improvement market value
$9,667,140
Total market value
$11,212,850
Applied tax rate
2,812.0000
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
For Lease
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
47,640 SF
Lot
2.96 ac (128,809 SF)
Zoning code
B-2
APN
48-41-06-01-0017
UPID
US18-1901972
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Coral Springs, FL
Zoning B-2 · permitted uses
B-2 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.9M
WAREHOUSE, STORAGE
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$16.7M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
2.96 ac
Current owner
From public records · entity-resolved
Brg Heron Bay LLC
Entity
Mailing address
711 STEWART AVE STE #100, GARDEN CITY, NY 11530-4719
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
—
Brg Heron Bay LLC
—
Deed
related
$2,684,244 · New York Cmnty Bk
Jul 10, 2015
$20,200,000
Brg Heron Bay LLC
Ivy Heron Bay LLC
Grant Deed
$15,150,000 · New York Cmnty Bk
Apr 12, 2011
$208,800
Ivy Heron Bay LLC
Ua Heron Bay Holdings Coc
Trustees Deed
related
—
Oct 3, 2003
$9,829,500
Ua Heron Bay Holdings I LLC
Ross Jaffe Matz Partners Ltd
Grant Deed
related
—
Mar 1, 2002
$8,600,000
Ross Jaffe Matz Partners II
Realty Holdings INC
Grant Deed
$5,590,000 · Monumental Life Insurance
Jul 21, 2000
$8,300,000
Ross Jaffe Matz Partners Ltd
Sawgrass Realty Holdings INC
Grant Deed
$6,225,000 · Monumental Life Insurance
—
—
Ivy Heron Bay LLC
—
Deed Of Trust
related
$7,400,000 · Enterprise Bank
—
—
Brg Heron Bay LLC
—
Loan Modification
related
$2,684,244 · New York Cmnty Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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