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Property profile & analytics
FOR SALE
Office buildings
1201 N Andrews Ave Fort Lauderdale, FL 33311
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1748550
For Sale
1 / 48
$675,000
1201 N Andrews Ave, Fort Lauderdale, FL 33311
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Construction
CONCRETE
Total area
6,563 SF
Lot
0.71 ac (31,003 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-0060
UPID
US18-1748550
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
-
South Fl Premiere Cardiology Medical Clinic
-
First Horizon Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.78M
Owner & transaction history
Broward County · 21 yrs held
Broward County
since 2005
4 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,350,000
6.5%
$3,095,000
7%
$2,875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,445,000
Current use
COMMERCIAL (GENERAL)
$3,400,000
Change: -1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,085,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$3,060,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$2,945,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$423 / 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
$63,075
Tax year 2023
Assessed value
$3,100,010
Assessed 2023
Previous assessed
$2,984,830
+3.9% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,085,110
Assessed improvement
$2,014,900
Land market value
$1,085,110
Improvement market value
$2,014,900
Total market value
$3,100,010
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
6,563 SF
Lot
0.71 ac (31,003 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-0060
UPID
US18-1748550
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2005
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Broward County
Entity
Free & Clear · 21 yrs held
Mailing address
601 POYDRAS ST STE #2075, NEW ORLEANS, LA 70130-6019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
May 26, 2005
—
Broward County
Sterling Bank
Warranty Deed
related
—
Feb 3, 2004
$1,350,000
Sterling Bank
Atlantis Properties INC
Grant Deed
related
—
Sep 25, 2003
$1,350,000
Atlantis Properties INC
Konstantinos INC
Grant Deed
$139,000 · Konstantinos INC
Dec 11, 2000
$280,000
Konstantinos INC
Rhodes,geroge M & Aileen C
Grant Deed
$500,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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