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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Distribution centers
12481 44th St 8 Coral Springs, FL 33065-7639
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0809794
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
CONCRETE
Total area
4,443 SF
Lot
0.1 ac (4,430 SF)
Zoning code
IRD
APN
48-41-18-BA-0080
UPID
US19-0809794
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.35M
Owner & transaction history
Orange Real Estate Investments LLC · 1 yrs held
Orange Real Estate Investments LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
IRD · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+15.2%
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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,355,000
Current use
MEDICAL BUILDING
$1,560,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,340,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Aug 9 2024)
Last sale anchor
$1.35M
Aug 9 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
$304 / 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
$20,302
Tax year 2023
Assessed value
$886,410
Assessed 2023
Previous assessed
$886,410
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$88,640
Assessed improvement
$797,770
Land market value
$88,640
Improvement market value
$797,770
Total market value
$886,410
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
4,443 SF
Lot
0.1 ac (4,430 SF)
Zoning code
IRD
APN
48-41-18-BA-0080
UPID
US19-0809794
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Orange Real Estate Investments LLC
Entity
Mailing address
2901 NE 46TH ST #8, LIGHTHOUSE POINT, FL 33064-7266
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$1,350,000
Orange Real Estate Investments LLC
Pascale Rowe
Warranty Deed
$1,147,500 · First Citizens Bank & Trust Co
Nov 13, 2023
—
Pascale Rowe
—
Deed
related
$500,000 · Velocity Commercial Capital LLC
Oct 19, 2021
$989,000
Pascale Rowe
Portusa LLC
Warranty Deed
—
Jan 30, 2020
—
Portusa LLC
—
Deed
related
$200,000 · Paradise Bk
Mar 28, 2017
—
Portusa LLC
—
Deed
related
$325,000 · Ertel Larry W & L A Tr (pt)
Jun 8, 2006
$1,010,000
Portusa LLC
Coral Springs Corporate Center II L
Special Warranty Deed
$378,750 · Bankatlantic
—
—
Portusa LLC
—
Deed Of Trust
related
$200,000 · Paradise Bk
—
—
Portusa LLC
—
Deed Of Trust
related
$325,000 · Ertel Larry W & L A Tr (pt)
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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