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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Industrial land
124 Ave Coral Springs, FL 33065
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7332345
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.56 ac (68,067 SF)
Zoning code
IRD
APN
48-41-18-13-0040
UPID
US18-7332345
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Smpl Commerce Park LLC · 6 yrs held
Smpl Commerce Park LLC
since 2020
Last sale
$400,000
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
$630,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $400k (Feb 19 2020)
Last sale anchor
$400k
Feb 19 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
—
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
$23,082
Tax year 2023
Assessed value
$1,701,680
Assessed 2023
Previous assessed
$1,021,010
+66.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,701,680
Land market value
$1,701,680
Total market value
$1,701,680
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.56 ac (68,067 SF)
Zoning code
IRD
APN
48-41-18-13-0040
UPID
US18-7332345
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
Heating
NONE
Lot
1.56 ac
Current owner
From public records · entity-resolved
Smpl Commerce Park LLC
Entity
Mailing address
8740 NW 99TH ST, MEDLEY, FL 33178-1474
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
$400,000
Smpl Commerce Park LLC
Multitech Games USA INC
Warranty Deed
—
Aug 22, 2017
$525,000
Multitech Games USA INC
Capitol Supply INC
Warranty Deed
—
Jul 6, 2005
$544,700
Capitol Supply INC
Coral West Holdings LLC
Warranty Deed
$435,739 · Bank Of America
Feb 3, 2005
$1,000,000
Solutionex Real Estate LLC
Coral West LLC
Grant Deed
$3,600,000 · Bank Of America
Mar 16, 2004
—
Jjdc LLC
—
Trustees Deed
related
$787,500 · Bank Of America
Feb 6, 2004
$1,033,600
Coral West LLC
Pan American At Coral Springs
Grant Deed
related
—
Apr 22, 2003
$477,900
J J D C LLC
Pan American At Coral Spgs INC
Grant Deed
—
Dec 22, 2000
$806,000
C Development
Pan American At Coral Springs
Grant Deed
—
—
—
Paolino Parisi
—
Loan Modification
related
$105,000 · Landmark Bk
—
—
Capitol Supply INC
—
Deed Of Trust
related
$2,000,000 · Bank Of America
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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