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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1296 31st Ave Fort Lauderdale, FL 33311-5028

    • Retail residential properties
    • 4,296 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5563133
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Braiding & Hair Gallery Rasta / Hair Salon / Nail Salon
    • Miss Debbie's Grocery / Grocery & Convenience Store / Food Market
    • New Broward Studios / Recording Studio
    • K & C Fresh Kuts & Car Wash / Hair Salon / Nail Salon

    Property Details for 1296 31st Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Property size
    4,296 SF
    Zone code
    B-3
    Property type
    Retail residential properties
    APN
    49-42-32-09-0460
    APU
    494232090460

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,015,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,228,000
      Market price range: $600k - $1.41M
      AI Estimate
      $980,000
      Market price range: $421k - $1.38M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,150,000
      Current use
      RETAIL STORES
      $1,080,000
      Change: -6% Conversion: Easy
      OFFICE BUILDING
      $1,070,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $995,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1864
    Latitude
    26.1413
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,097
    $97,960
    $441,710
    $539,670
    -
    $97,960
    $441,710
    $539,670

    Comparable in this City

    • Value Estimation
      $3,340,000
      12,202 SF

      801 Andrews Ave, Unit 815

      STORES & APARTMENTS • 12,202 SF
      801 Andrews Ave, Fort Lauderdale, FL 33311-7455
      View Details
    • Value Estimation
      $1,680,000
      6,050 SF

      727 Andrews Ave

      STORES & APARTMENTS • 6,050 SF
      727 Andrews Ave, Fort Lauderdale, FL 33311-7437
      View Details
    • Value Estimation
      $550,000
      3,983 SF

      1022-1030 6th St

      STORES & APARTMENTS • 3,983 SF
      1022-1030 6th St, Fort Lauderdale, FL 33311
      View Details
    • Value Estimation
      $965,000
      4,487 SF

      1900 6th St

      STORES & APARTMENTS • 4,487 SF
      1900 6th St, Fort Lauderdale, FL 33311-7845
      View Details
    • Value Estimation
      $590,000
      2,613 SF

      2881 Sunrise Blvd, Unit 2889

      STORE/OFFICE (MIXED USE) • 2,613 SF
      2881 Sunrise Blvd, Fort Lauderdale, FL 33311-5651
      View Details
    • Value Estimation
      $800,000
      2,469 SF

      245-331 27th Ave

      STORE/OFFICE (MIXED USE) • 2,469 SF
      245-331 27th Ave, Fort Lauderdale, FL 33311
      View Details

    Similar Nearby for Sale

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      Oakland Park Mixed-Use Property

      Prime Location, Development Potential
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      Five-unit commercial building in Fort Lauderdale with long-term tenants.
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      Lauderhill Pointe Shopping Center

      High-Yield Retail Investment, Broward County
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      Fort Lauderdale Mixed-Use Redevelopment Opportunity

      0.33-acre property with redevelopment potential in a growing Fort Lauderdale area.
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      Wilton Manors Mixed-Use Opportunity

      Mixed-use duplex with office space in Wilton Manors.
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      Fort Lauderdale Mixed-Use Property

      14,562 SF Church/School, $4.5M
      1800 9Th Ave, Fort Lauderdale, FL 33311
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,400 SF

      New Mixed-Use Development Retail Space

      New retail space in downtown Fort Lauderdale's Avenue of the Arts.
      501 NW 7Th St, Fort Lauderdale, FL 33311
      View Details
    • $30 SF/Yr

      New Mixed-Use Development on Avenue

      Six-story mixed-use development with commercial space in downtown Fort Lauderdale.
      501 Nw 7Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $0.95 SF/Yr
      36,618 SF

      Oakland Park Blvd Office Space

      Prime Fort Lauderdale Office, 36,618 SF
      1799 Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details
    • $110 SF/Yr
      10,000 SF

      Downtown Fort Lauderdale Auto Lot

      10,000 SF Auto Sales Lot - High Traffic
      790 1St St, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing

      Warehouse Space - NW 19th Street

      3,000 SF Warehouse; Grade-Level Doors
      3603 19Th St, Fort Lauderdale, FL 33311
      View Details
    • $46 SF/Yr
      260 SF

      NW 19th St Retail Space

      High-traffic plaza, single-tenant retail space.
      2510 19Th St, Fort Lauderdale, FL 33311
      View Details
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    1296 31st Ave
    Fort Lauderdale, FL 33311-5028
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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