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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Retail space
12430 Atlantic Blvd 12444 Coral Springs, FL 33071-4086
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5241979
Property summary
AI-generated overview
This move-in ready, 600 square foot retail space is ideally situated in the heart of Coral Springs, offering exceptional visibility and foot traffic. Previously occupied by a spa, the unit is perfectly suited for a variety of uses, including beauty and wellness businesses, boutiques, or even a small office. Its prime location directly across from Church by the Glades ensures a steady stream of potential customers. The property benefits from its proximity to a substantial office complex and a large residential community, providing a built-in customer base. The space is turnkey, ready for a similar business to move in immediately, or easily adaptable to suit your specific needs. Ample parking is available for both customers and employees. The property is zoned B-2. The APN is 484131040010. This is a single-tenant retail space within a larger building, totaling 10,714 square feet. Don't miss this opportunity to establish your business in a thriving Coral Springs location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
CONCRETE
Total area
10,714 SF
Lot
1.06 ac (46,186 SF)
Zoning code
B-2
APN
48-41-31-04-0010
UPID
US18-5241979
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
$3.60M
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.60M
Owner & transaction history
1081 Flushing Avenue LLC · 1 yrs held
1081 Flushing Avenue LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.6M
+76.6%
Office building
$4.0M
+24.5%
Medical building
$3.8M
+17.7%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$4,340,000
6.5%
$4,005,000
7%
$3,720,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,195,000
Current use
COMMERCIAL (GENERAL)
$5,640,000
Change: +77% · Conversion: Easy
OFFICE BUILDING
$3,980,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$3,760,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Nov 22 2024)
Last sale anchor
$3.60M
Nov 22 2024
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
$336 / 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
$57,626
Tax year 2023
Assessed value
$2,468,400
Assessed 2023
Previous assessed
$2,468,400
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$935,270
Assessed improvement
$1,533,130
Land market value
$935,270
Improvement market value
$1,533,130
Total market value
$2,468,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
10,714 SF
Lot
1.06 ac (46,186 SF)
Zoning code
B-2
APN
48-41-31-04-0010
UPID
US18-5241979
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Coral Springs, FL
Zoning B-2 · permitted uses
B-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
1081 Flushing Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
175 SW 7TH ST STE #2307, MIAMI, FL 33130-2964
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 22, 2024
$3,600,000
1081 Flushing Avenue LLC
Redavi Lakeview LLC
Warranty Deed
—
Jan 20, 2021
—
State Of Florida Dept Of Transpor
Redavi Lakeview LLC
Correction Deed
related
—
Dec 4, 2020
—
State Of Florida
Redavi Lakeview LLC
Warranty Deed
—
May 6, 2016
—
Redavi Lakeview LLC
—
Deed
related
$2,015,000 · First Nat'l Bk/s Miami
Oct 19, 2015
$3,100,000
Redavi Lakeview LLC
Shoppes At Lakeview I LLC
Warranty Deed
—
May 27, 2005
$3,575,000
Shoppes At Lakeview I LLC
Northgate Properties LLC
Warranty Deed
$2,350,000 · Lehman Brothers Bank Fsb
Feb 22, 2005
$2,850,000
Northgate Properties LLC
Lakeview Retail INC
Grant Deed
$2,135,000 · Intervest National Bank
Apr 8, 2004
$1,000,000
Lakeview Retail INC
Wf Developments INC
Grant Deed
—
Oct 31, 2000
$1,385,200
Wf Buildings II Ltd
Wci Communities LP
Grant Deed
—
—
—
Redavi Lakeview LLC
—
Deed Of Trust
related
$2,015,000 · First Nat'l Bk/s Miami
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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