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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Turn key restaurants
1401 Andrews Ave Fort Lauderdale, FL 33316-1839
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-1361363
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Construction
CONCRETE
Total area
4,047 SF
Lot
0.29 ac (12,498 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-1410
UPID
US18-1361363
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
Current use
Occupant on record · Public records
-
Bar Rita Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$610k
Owner & transaction history
1401 Andrews LLC · 13 yrs held
1401 Andrews LLC
since 2012
6 recorded transactions
Zoning & alternative use
SRAC-SAE · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tial RS-6.85A - Irregular Residential RS-6.85B - Irregular Residential RS-8 - Residential Single Family/Low Medium Density S-2 - County SBMHA - South Beach Marina and Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-South Andrews west T - Transportation…
Zone name
South Regional Activity Center South Andrews East
General category
COMMERCIAL
Zone area
60.09 ac
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 Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$151 / 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
$34,283
Tax year 2023
Assessed value
$1,676,140
Assessed 2023
Previous assessed
$1,611,390
+4.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$312,450
Assessed improvement
$1,363,690
Land market value
$312,450
Improvement market value
$1,363,690
Total market value
$1,676,140
Applied tax rate
312.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
2
Total area
4,047 SF
Lot
0.29 ac (12,498 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-1410
UPID
US18-1361363
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SRAC-SAE · Fort Lauderdale, FLZoning SRAC-SAE · permitted uses
SRAC-SAE · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tial RS-6.85A - Irregular Residential RS-6.85B - Irregular Residential RS-8 - Residential Single Family/Low Medium Density S-2 - County SBMHA - South Beach Marina and Hotel Area District SLA - Sunrise Lane Area District SRAC-SAe - South Regional Activity Center-South Andrews east SRAC-SAw - South Regional Activity Center-South Andrews west T - Transportation T-1 - County U - Utility UUV-NE - Uptown Urban Village Northeast District UUV-NW - Upto
Zone name
South Regional Activity Center South Andrews East
General category
COMMERCIAL
Zone area
60.09 ac
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
1401 Andrews LLC
Entity
Mailing address
1401 S ANDREWS AVE, FORT LAUDERDALE, FL 33316-1839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
—
1401 Andrews LLC
—
Deed
related
$2,700,000 · Paradise Bk
Dec 31, 2012
$600,000
1401 Andrews LLC
Phillips,john F
Warranty Deed
$300,000 · John F Phillips
Dec 30, 2011
—
John F Phillips
Worthington INC
Warranty Deed
—
Sep 7, 2000
$240,000
Worthington Communities INC
Masri,ahmad T & Safa A
Grant Deed
$140,000 · Seller
—
—
1401 Andrews LLC
—
Deed Of Trust
related
$2,700,000 · Paradise Bk
—
—
1401 Andrews LLC
—
Deed Of Trust
related
$1,120,000 · Centennial Bk
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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