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Property profile & analytics
OFF-MARKET
Estimated value
$4,565,000
Grocery and convenience stores
1180 State Rd 7th 7 North Lauderdale, FL 33068-4085
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4651374
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Construction
CONCRETE
Total area
22,560 SF
Lot
1.83 ac (79,539 SF)
Zoning code
B-3
APN
49-42-06-16-0010
UPID
US18-4651374
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.57M
Owner & transaction history
Florida Grocery LLC · 6 yrs held
Florida Grocery LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · North Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-3 general business district is intended to apply to arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area. Such businesses generally require considerable ground area, do not cater directly to pedestrians and n…
Zone name
General Business
General category
COMMERCIAL
Zone area
171.89 ac
Source
Realmo
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 North Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,730,000
Current use
Blend value · Realmo final
$4.57M
Range $4.11M – $5.02M · ±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
$202 / 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
$109,596
Tax year 2023
Assessed value
$4,649,720
Assessed 2023
Previous assessed
$3,845,680
+20.9% YoY
Effective rate
2.36%
On assessed value
Assessed land
$815,270
Assessed improvement
$3,834,450
Land market value
$815,270
Improvement market value
$3,834,450
Total market value
$4,649,720
Applied tax rate
2,912.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
22,560 SF
Lot
1.83 ac (79,539 SF)
Zoning code
B-3
APN
49-42-06-16-0010
UPID
US18-4651374
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · North Lauderdale, FLZoning B-3 · permitted uses
B-3 · North Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-3 general business district is intended to apply to arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area. Such businesses generally require considerable ground area, do not cater directly to pedestrians and need a conspicuous and accessible location convenient for motorists
Zone name
General Business
General category
COMMERCIAL
Zone area
171.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.7M
RETAIL STORES Current
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
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Florida Grocery LLC
Entity
Free & Clear · 6 yrs held
Mailing address
112 NEEDHAM ST, NEWTON, MA 02464-1500
Ownership since
2019
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
Dec 12, 2019
—
Florida Grocery LLC
Pv-nola LLC
Correction Deed
related
—
Nov 6, 2019
$3,550,000
Florida Grocery LLC
Pv-nola LLC
Grant Deed
—
Sep 12, 2018
—
Boyd-haverhill LLC
Pv-nola
Grant Deed
related
—
Jun 6, 2018
—
Pv Nola LLC
—
Deed
related
$748,790 · Valley Nat'l Bk
Aug 19, 2015
$1,775,100
Pv-nola LLC
1190 South State Road Seven Ll
Grant Deed
$2,200,000 · Usameribank
Feb 11, 2000
$575,000
D O P Investments INC
Corn,stephen H
Grant Deed
$460,000 · Oakland Hills Joint Venture
Jul 30, 1997
$58,200
Dop Investments INC
Stephgen H Corn Trustee
Grant Deed
—
—
—
Pv Nola LLC
—
Loan Modification
related
$748,790 · Valley Nat'l 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.
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