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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
12 12th St Fort Lauderdale, FL 33316-1845
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0291671
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wear The Newz Custom T-Shirt Store
-
Seacoast Bank - Appointment Only Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$466k
Blend (final)
Blend
$515k
Owner & transaction history
Record Owner · 21 yrs held
Record Owner
since 2004
2 recorded transactions
Zoning & alternative use
SRAC-SAE · 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
Method
Estimation
Statistic approach
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$158 / 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
$12,551
Tax year 2023
Assessed value
$513,800
Assessed 2023
Previous assessed
$513,800
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$137,500
Assessed improvement
$376,300
Land market value
$137,500
Improvement market value
$376,300
Total market value
$513,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
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
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SRAC-SAE · Fort Lauderdale, FL
Zoning SRAC-SAE · permitted uses
SRAC-SAE · 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
1950
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Record Owner
Individual
Free & Clear · 21 yrs held
Mailing address
1212 S ANDREWS AVE STE #203, FORT LAUDERDALE, FL 33316-1828
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
May 5, 2004
$250,000
Old LLC
Tarone,phillene
Grant Deed
—
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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