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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 2nd St Fort Lauderdale, FL 33301-1035

    • Warehouses
    • 3,968 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5158460
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fish Consulting / Corporate Office

    Property Details for 117 2nd St

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    3,968 SF
    Zone code
    RAC-CC
    Property type
    Warehouses
    APN
    50-42-10-12-0070
    APU
    504210120070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,015,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $764,000
      Market price range: $285k - $764k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1417
    Latitude
    26.1245
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,311
    $1,063,130
    $452,110
    $1,515,240
    -
    $1,063,130
    $452,110
    $1,515,240

    Comparable in this City

    • Value Estimation
      $805,000
      3,769 SF

      101 6th St

      WAREHOUSE, STORAGE • 3,769 SF
      101 6th St, Fort Lauderdale, FL 33301-2819
      View Details
    • Value Estimation
      $1,790,000
      6,588 SF

      200 6th St, Unit 280

      WAREHOUSE, STORAGE • 6,588 SF
      200 6th St, Fort Lauderdale, FL 33301-2822
      View Details
    • Value Estimation
      $25,590,000
      85,479 SF

      421 1st Ave

      MINI-WAREHOUSE, STORAGE • 85,479 SF
      421 1st Ave, Fort Lauderdale, FL 33301-3201
      View Details
    • Value Estimation by Request
      5,070 SF

      617 2nd Ave

      WAREHOUSE, STORAGE • 5,070 SF
      617 2nd Ave, Fort Lauderdale, FL 33301-2809
      View Details
    • Value Estimation
      $975,000
      5,623 SF

      114 5th St, Unit 118

      MINI-WAREHOUSE, STORAGE • 5,623 SF
      114 5th St, Fort Lauderdale, FL 33301-3212
      View Details
    • Value Estimation
      $905,000
      6,131 SF

      621 2nd Ave

      WAREHOUSE, STORAGE • 6,131 SF
      621 2nd Ave, Fort Lauderdale, FL 33301-2809
      View Details

    Similar Nearby for Sale

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      1,998 SF

      Newer Construction Warehouse Space

      Newer construction warehouse with garage bay and high ceilings.
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    • $3,800,000
      13,054 SF

      Oakland Park Flex/Industrial Building

      Flex/industrial building near major transportation hubs.
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      71,682 SF

      New Industrial Flex Space Available

      Newly constructed, fully air-conditioned industrial flex space with ample parking.
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    • $2,999,000
      12,500 SF

      Industrial Warehouse Near Downtown

      12,500 SF warehouse near downtown Fort Lauderdale.
      Nw 1St St, Fort Lauderdale, FL 33301
      View Details
    • $2,300,000
      5,279 SF

      Fort Lauderdale NNN Leased Property

      NNN leased property in Fort Lauderdale with long-term tenant.
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      View Details
    • $1,500,000

      Established Jamaican Food Manufacturing Business

      Profitable Jamaican food manufacturing business with established distribution network.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,013 SF

      Fort Lauderdale Warehouse Space Available

      Industrial warehouse space for lease in Fort Lauderdale, Florida.
      635-695 NW 4Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $50 SF/Yr
      1,900 SF

      Flagler Village Flex/Warehouse Opportunity

      Adjacent flex/warehouse buildings in Flagler Village's music and arts district.
      804 NE 4Th Ave, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      20,000 SF

      Fort Lauderdale Flex Space Available

      Flex space near airport, Port Everglades, I-95, and 595.
      3000 SW 4Th Ave, Fort Lauderdale, FL 33301
      View Details
    • $28 SF/Yr
      6,641 SF

      Downtown Fort Lauderdale Office Building

      6,641 SF Office, Prime Location
      201 2Nd St, Fort Lauderdale, FL 33301
      View Details
    • $40 SF/Yr
      1,163 SF

      Retail Space in Fort Lauderdale

      Retail spaces available in a well-located neighborhood shopping center.
      1101-1165 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      4,555 SF

      Downtown Fort Lauderdale Retail/Office Building

      Free-standing building with drive-thru in booming Flagler Village.
      200 NE 3Rd Ave, Fort Lauderdale, FL 33301
      View Details
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    117 2nd St
    Fort Lauderdale, FL 33301-1035
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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