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Property profile & analytics
OFF-MARKET
Estimated value
$14,785,000
Outlet malls
12301 Sunrise Blvd Plantation, FL 33323-2230
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-2899520
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
CONCRETE
Total area
58,642 SF
Lot
7.2 ac (313,800 SF)
Zoning code
B-2L
APN
49-40-25-2B-0012
UPID
US18-2899520
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.15M
CAP Approach
CAP
$16.07M
Comparable Approach
Comparable
$18.96M
Blend (final)
Blend
$14.79M
Owner & transaction history
Rk Plantation 1 LLC · 5 yrs held
Rk Plantation 1 LLC
since 2020
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
B-2L · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for a viable and suitable commercial zoning district within a low density residential area while protecting the integrity of the surrounding neighborhoods, the natural environment, and the lifestyle of the area.
Zone name
Limited Community Business
General category
COMMERCIAL
Zone area
51.21 ac
Source
Realmo
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 Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation 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
$18,530,000
ML approach
$12,150,000
CAP Approach
CAP Return
Estimation
6%
$17,410,000
6.5%
$16,070,000
7%
$14,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$22,250,000
Current use
Blend value · Realmo final
$14.79M
Range $13.31M – $16.26M · ±10% · vs last sale $11.50M (Dec 23 2020)
Last sale anchor
$11.50M
Dec 23 2020
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
$252 / 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
$189,700
Tax year 2023
Assessed value
$9,696,430
Assessed 2023
Previous assessed
$8,816,220
+10.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$3,138,000
Assessed improvement
$6,558,430
Land market value
$3,138,000
Improvement market value
$6,558,430
Total market value
$9,696,430
Applied tax rate
2,212.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
58,642 SF
Lot
7.2 ac (313,800 SF)
Zoning code
B-2L
APN
49-40-25-2B-0012
UPID
US18-2899520
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2L · Plantation, FLZoning B-2L · permitted uses
B-2L · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for a viable and suitable commercial zoning district within a low density residential area while protecting the integrity of the surrounding neighborhoods, the natural environment, and the lifestyle of the area.
Zone name
Limited Community Business
General category
COMMERCIAL
Zone area
51.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$22.3M
RETAIL STORES Current
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.2 ac
Current owner
From public records · entity-resolved
Rk Plantation 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
17100 COLLINS AVE STE #225, SUNNY ISLES BEACH, FL 33160-3675
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$11,500,000
Rk Plantation 1 LLC
Bsb Plantation LP
Grant Deed
—
Nov 24, 2020
—
Fl 12397 Sunrise Tic LLC
Black S & J F/tr
Correction Deed
related
—
Jun 22, 2020
$514,900
Fl 12397 Sunrise Tic LLC
Black S & J F/tr
Quit Claim Deed
related
—
Jun 22, 2020
—
Black,stanley Trust
Black S & J F/tr
Quit Claim Deed
related
—
Jul 18, 2016
—
Black,stanley & Joyce Trust
—
Deed
related
$2,000,000 · Wells Fargo Bk
Sep 23, 2011
—
Black Stanley & J Family Trust
Black,stanley & Joyce
Quit Claim Deed
related
—
—
—
Black,stanley & Joyce Trust
—
Deed Of Trust
related
$2,000,000 · Wells Fargo Bk
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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