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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
1213 3rd Ave Fort Lauderdale, FL 33316-1905
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5091213
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1953
Construction
CONCRETE
Total area
2,056 SF
Lot
0.13 ac (5,639 SF)
Zoning code
ROA
APN
50-42-15-10-0540
UPID
US18-5091213
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
$1.11M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$1.00M
Owner & transaction history
Jmn Real Estate Holdings LLC · 4 yrs held
Jmn Real Estate Holdings LLC
since 2022
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
ROA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+54.4%
Neighborhood: shopping center
$1.5M
+43.3%
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
$1,035,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,080,000
Current use
AUTO REPAIR, GARAGE
$1,665,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,545,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,065,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$960,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$920,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jun 23 2022)
Last sale anchor
$1.00M
Jun 23 2022
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
$486 / 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
$17,532
Tax year 2023
Assessed value
$852,890
Assessed 2023
Previous assessed
$753,300
+13.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$101,500
Assessed improvement
$751,390
Land market value
$101,500
Improvement market value
$751,390
Total market value
$852,890
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
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
2,056 SF
Lot
0.13 ac (5,639 SF)
Zoning code
ROA
APN
50-42-15-10-0540
UPID
US18-5091213
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ROA · Fort Lauderdale, FL
Zoning ROA · permitted uses
ROA · 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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$960,000
WAREHOUSE, STORAGE
Est. value
$920,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jmn Real Estate Holdings LLC
Entity
Mailing address
1212 NE 16TH TER, FORT LAUDERDALE, FL 33304-2323
Ownership since
2022
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
Jun 23, 2022
$1,000,000
Jmn Real Estate Holdings LLC
R Wayne Jones
Warranty Deed
$950,000 · Amerant Bank NA
Jan 10, 2012
—
Jones,r Wayne
Jones,r Wayne & Jane E
Quit Claim 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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