Technical
Financial
Distress signals
Property profile

12 12th St Fort Lauderdale, FL 33316

OFF-MARKET
Banks
Property ID
US19-0291671
3,253 SF 0.13 ac lot Built 1950
Individually Owned 22-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.6-acre industrial property, located in the thriving Sunrise, Florida market, presents a remarkable investment opportunity. Situated at 12 NW St, Plantation, FL 33323, this warehouse property is ideally positioned near Sawgrass Mall, offering unparalleled access to major transportation routes and a dense consumer base. Currently zoned for commercial use, this versatile site allows for a multitude of development possibilities. The asking price is $5,199,000. Imagine the potential: establish a thriving warehouse operation, construct a state-of-the-art retail center, or develop a custom-built facility tailored to your specific business needs. The property's strategic location in Broward County, Florida, ensures high visibility and easy access for employees and customers alike. This is a blank canvas for your entrepreneurial vision, offering the chance to create a significant return on investment in a prime location with excellent growth potential. The flexibility of the commercial zoning allows for a wide range of uses, making this a truly unique and valuable asset. Don't miss this chance to acquire a substantial property in a high-demand area. Act now to secure this exceptional opportunity.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1950
Construction CONCRETE
Total area 3,253 SF
Lot 0.13 ac (5,500 SF)
Zoning code SRAC-SAE
APN 50-42-15-10-0220
UPID US19-0291671

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Custom T-Shirt Store
  • Bank Loan Service

Location

12 12th St Fort Lauderdale, FL 33316-1845
Fort Lauderdale metro Census 42302 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$466k
Blend (final) Blend
$565k

Owner & transaction history

since 2004
2 recorded transactions
2004
Price N/A
2004
$250,000

Zoning & alternative use

SRAC-SAE · Fort Lauderdale, FL
Zoning description

tial RS-6.85A - Irregular Residential RS-6.85B - Irregular Residential RS-8 - Residential Single Family/Low Medium Density S-2 - County SBMHA - South Beach Marina and Hotel Area District SLA - Sunrise Lane Area District…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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