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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Turn key restaurants
1241 Federal Hwy Fort Lauderdale, FL 33316-2068
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5513822
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
CONCRETE
Total area
2,556 SF
Lot
0.4 ac (17,250 SF)
Zoning code
B-1
APN
50-42-15-01-2270
UPID
US18-5513822
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
-
Pardon My Cheesesteak Restaurant
-
NASCAR Refuel Tenders & Burgers Restaurant
-
IHOP Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.05M
Owner & transaction history
Food Capital LLC · 5 yrs held
Food Capital LLC
since 2021
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ize - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County CB -…
Zone name
Boulevard Business
General category
COMMERCIAL
Zone area
1,236.99 ac
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
$2,635,000
ML approach
$2,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,185,000
Current use
AUTO REPAIR, GARAGE
$2,070,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,925,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $1.65M (Jun 29 2021)
Last sale anchor
$1.65M
Jun 29 2021
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
$802 / 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
$20,417
Tax year 2023
Assessed value
$970,390
Assessed 2023
Previous assessed
$900,870
+7.7% YoY
Effective rate
2.10%
On assessed value
Assessed land
$431,250
Assessed improvement
$539,140
Land market value
$431,250
Improvement market value
$539,140
Total market value
$970,390
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
2,556 SF
Lot
0.4 ac (17,250 SF)
Zoning code
B-1
APN
50-42-15-01-2270
UPID
US18-5513822
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FLZoning B-1 · permitted uses
B-1 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ize - Frontage Length - Living Units - Lot Type Block Corner Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County CB - Commercial Business CC - Commerce Center District CF - Community Facility CF-H - C
Zone name
Boulevard Business
General category
COMMERCIAL
Zone area
1,236.99 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RESTAURANT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Food Capital LLC
Entity
Free & Clear · 5 yrs held
Mailing address
18205 BISCAYNE BLVD STE #2202, AVENTURA, FL 33160-2148
Ownership since
2021
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
Jun 29, 2021
$1,650,000
Food Capital LLC
Fred Berens
Special Warranty Deed
—
Nov 14, 2019
$100
Fred Berens
Fred Berens
Quit Claim Deed
related
—
May 11, 2017
—
Finkel,amber Trust
Finkel,jacqueline
Quit Claim Deed
related
—
Jan 18, 2006
—
Record Owner
Owner,record
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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