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Property profile & analytics
OFF-MARKET
Estimated value
$8,465,000
Drug stores
1201 Federal Hwy Fort Lauderdale, FL 33316-2038
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1636127
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1959
Construction
CONCRETE
Total area
15,445 SF
Lot
1.4 ac (61,194 SF)
Zoning code
B-1
APN
50-42-15-01-1860
UPID
US18-1636127
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
-
Dental Health Group Dental Office
-
Alexa Studio Salón Fort Lauderdale Hair Salon Nail Salon
-
RJRHairstudio Hair Salon
-
Wispy Winx Lashes & Brows Hair Salon
-
APU Aircraft Services Aviation Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Wg Federal Hwy LLC · 2 yrs held
Wg Federal Hwy LLC
since 2024
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.2M
+125.1%
Auto repair, garage
$12.5M
+113.6%
Neighborhood: shopping center
$11.6M
+98.3%
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
$8,465,000
ML approach
$8,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,860,000
Current use
RESTAURANT
$13,190,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,515,000
Change: +114% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,620,000
Change: +98% · Conversion: Moderate
OFFICE BUILDING
$8,110,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,000,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,255,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,195,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$8.47M
Range $7.62M – $9.31M · ±10% · vs last sale $8.46M (Mar 27 2024)
Last sale anchor
$8.46M
Mar 27 2024
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
$548 / 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
$81,117
Tax year 2023
Assessed value
$3,935,920
Assessed 2023
Previous assessed
$3,935,920
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,958,210
Assessed improvement
$1,977,710
Land market value
$1,958,210
Improvement market value
$1,977,710
Total market value
$3,935,920
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
15,445 SF
Lot
1.4 ac (61,194 SF)
Zoning code
B-1
APN
50-42-15-01-1860
UPID
US18-1636127
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
RESTAURANT
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
OFFICE BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Wg Federal Hwy LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4800 N FEDERAL HWY STE #302, BOCA RATON, FL 33431-5188
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
$8,463,200
Wg Federal Hwy LLC
Cot Wg Meadowllc
Special Warranty Deed
—
Nov 27, 2023
$6,782,600
Cot Wg Meadow LLC
Walgreen Co
Special Warranty Deed
—
Nov 27, 2023
—
Walgreen Co
Cot Wg Meadow LLC
Lease
—
Mar 20, 2002
—
Fort Lauderdale City (fl)
Walgreen Co
Grant Deed
related
—
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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