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Property profile & analytics
OFF-MARKET
Estimated value
$94,310,000
Warehouses
13800 2nd St 13900 Sunrise, FL 33325-6230
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4276626
Property summary
AI-generated overview
This exceptional Class A warehouse space, located at 13800 NW 2nd St, Sunrise, FL 33325, in Broward County, offers two available suites within the Marina West Business Center. Built in 2002, this industrial property boasts a total of 55,313 square feet, divided into two units ranging from 13,781 to 17,606 square feet. The building features a desirable I-1 zoning designation. The warehouse units are characterized by a clear height of approximately 26 feet, providing ample vertical space for storage and operations. Nine dock-high doors and three drive-in doors ensure efficient loading and unloading. The interior features LED lighting throughout and an ESFR sprinkler system. The column spacing is 50' x 40'. The building is a concrete tilt-wall construction. The property is rear-loading and offers a competitive asking rate of $14.50 to $16.50 per square foot, NNN. Operating expenses are estimated at $3.40 per square foot. Availability begins September 1st, 2023. This prime location in Sunrise offers excellent access to major transportation routes, making it an ideal choice for distribution and logistics businesses.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
CONCRETE
Total area
276,034 SF
Lot
22.48 ac (979,284 SF)
Zoning code
I-1
APN
50-40-03-03-0040
UPID
US18-4276626
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$77.73M
Blend (final)
Blend
$94.31M
Owner & transaction history
Eif II Sunrise LLC · 1 yrs held
Eif II Sunrise LLC
since 2024
Last sale
$102.6M
7 recorded transactions
Zoning & alternative use
I-1 · Sunrise, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$143.0M
+48.8%
Office building
$130.7M
+36.1%
Industrial (general)
$129.7M
+35.0%
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 Sunrise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunrise 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$96,065,000
Current use
COMMERCIAL (GENERAL)
$142,980,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$130,700,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$129,705,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$128,630,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$94.31M
Range $84.88M – $103.74M · ±10% · vs last sale $102.60M (Sep 5 2024)
Last sale anchor
$102.60M
Sep 5 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
$342 / 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
$795,166
Tax year 2023
Assessed value
$39,789,870
Assessed 2023
Previous assessed
$39,789,870
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$7,834,270
Assessed improvement
$31,955,600
Land market value
$7,834,270
Improvement market value
$31,955,600
Total market value
$39,789,870
Applied tax rate
2,112.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
276,034 SF
Lot
22.48 ac (979,284 SF)
Zoning code
I-1
APN
50-40-03-03-0040
UPID
US18-4276626
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Sunrise, FL
Zoning I-1 · permitted uses
I-1 · Sunrise, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunrise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$96.1M
COMMERCIAL (GENERAL)
Est. value
$143.0M
OFFICE BUILDING
Est. value
$130.7M
INDUSTRIAL (GENERAL)
Est. value
$129.7M
MEDICAL BUILDING
Est. value
$128.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (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
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
22.48 ac
Current owner
From public records · entity-resolved
Eif II Sunrise LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
—
Elf II Sunrise LLC
—
Deed
related
$108,875,000 · Fs Creit Originator LLC
Dec 5, 2024
$102,600,000
Eif II Sunrise LLC
Western Marina West Industrial LLC
Special Warranty Deed
—
Dec 30, 2019
—
Citi R & E Fndg INC
—
Deed
related
—
Sep 30, 2019
—
Western Marina W Indl LLC
—
Loan Modification, Consolidation And Extension
related
$957,330,406 · Citi R/e Fndg INC
Dec 19, 2011
$299,600
Iit Marina West Industrial LLC
Marina West LLC
Deed Of Trust
$61,000,000 · New York Life Insurance
Dec 19, 2011
—
Iit Marina West Industrial LLC
Marina West LLC
Quit Claim Deed
related
—
Sep 9, 2010
—
Marina West LLC
—
Deed Of Trust
related
$122,140,136 · Wells Fargo Bank
—
—
Citi R & E Fndg INC
—
Loan Modification
related
—
—
—
Marina West LLC
—
Deed Of Trust
related
$83,000,000 · Wachovia Bank NA
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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