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Property profile & analytics
FOR LEASE
Office buildings
12462 W Atlantic Blvd Coral Springs, FL 33071
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0795972
For Lease
1 / 17
$16 SF/Yr
12462 W Atlantic Blvd, Coral Springs, FL 33071
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
3,609 SF
Lot
0.13 ac (5,651 SF)
Zoning code
B-2
APN
48-41-31-19-0091
UPID
US18-0795972
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
$2.50M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.89M
Owner & transaction history
12460 W Atlantic LLC · 4 yrs held
12460 W Atlantic LLC
since 2022
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
B-2 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+97.6%
Neighborhood: shopping center
$2.4M
+75.8%
Commercial (general)
$1.9M
+41.8%
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
$2,585,000
ML approach
$2,495,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,340,000
Current use
AUTO REPAIR, GARAGE
$2,650,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,355,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,900,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$1,265,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $2.10M (Apr 26 2022)
Last sale anchor
$2.10M
Apr 26 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
$524 / 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
$21,085
Tax year 2023
Assessed value
$948,150
Assessed 2023
Previous assessed
$873,080
+8.6% YoY
Effective rate
2.22%
On assessed value
Assessed land
$113,020
Assessed improvement
$835,130
Land market value
$113,020
Improvement market value
$835,130
Total market value
$948,150
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
3,609 SF
Lot
0.13 ac (5,651 SF)
Zoning code
B-2
APN
48-41-31-19-0091
UPID
US18-0795972
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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
12460 W Atlantic LLC
Entity
Mailing address
3474 S OCEAN BLVD APT #9, PALM BEACH, FL 33480-5925
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$2,100,000
12460 W Atlantic LLC
Mmj Real Estate LLC
Warranty Deed
—
—
—
Mmj Real Estate LLC
—
Deed Of Trust
related
$700,000 · Bankatlantic Fsb
—
—
Mmj Real Estate LLC
—
Deed Of Trust
related
$240,000 · Community Bank Of Broward
—
—
Mmj Real Estate LLC
—
Deed Of Trust
related
$1,219,610 · Bankatlantic Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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