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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
12070 40th St Coral Springs, FL 33065-7602
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7233909
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
10,017 SF
Lot
0.63 ac (27,473 SF)
Zoning code
IRD
APN
48-41-18-03-0070
UPID
US18-7233909
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
$595k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$940k
Owner & transaction history
Coral Springs Forty LLC · 8 yrs held
Coral Springs Forty LLC
since 2017
7 recorded transactions
Zoning & alternative use
IRD · Coral Springs, 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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
$595,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$94 / 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
$28,838
Tax year 2023
Assessed value
$1,350,050
Assessed 2023
Previous assessed
$1,326,410
+1.8% YoY
Effective rate
2.14%
On assessed value
Assessed land
$192,310
Assessed improvement
$1,157,740
Land market value
$192,310
Improvement market value
$1,157,740
Total market value
$1,350,050
Applied tax rate
2,812.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
10,017 SF
Lot
0.63 ac (27,473 SF)
Zoning code
IRD
APN
48-41-18-03-0070
UPID
US18-7233909
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IRD · Coral Springs, FL
Zoning IRD · permitted uses
IRD · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Coral Springs Forty LLC
Entity
Mailing address
11066 NW 79TH PL, PARKLAND, FL 33076-4718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Coral Springs Forty LLC
—
Deed
related
$968,500 · Td Bk NA
Oct 21, 2019
—
Coral Springs Forty LLC
—
Deed
related
$564,000 · Td Bk NA
Nov 1, 2017
$400,000
Coral Springs Forty LLC
Frameless Shower Doors & Enclo
Warranty Deed
—
Aug 2, 2017
—
Frameless Shower Doors & Enclo
—
Deed
related
$701,473 · Bankunited Fsb
Feb 4, 2013
$550,000
American Islamic Center Of Fl INC
International Mission Board Sb
Warranty Deed
—
Jan 30, 1997
$700,000
Foreign Mission Board Sbc
Seiple,robert H & Phyllis K
Grant Deed
—
—
—
Coral Springs Forty LLC
—
Deed Of Trust
related
$564,000 · Td Bk NA
—
—
Coral Springs Forty LLC
—
Deed Of Trust
related
$968,500 · Td Bk NA
—
—
Frameless Shower Doors & Enclo
—
Loan Modification
related
$701,473 · Bankunited Fsb
—
—
Coral Springs Forty LLC
—
Deed Of Trust
related
$968,500 · Td Bk NA
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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