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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Commercial land
14th Ave Fort Lauderdale, FL 33301
Individually Owned
2-yr Hold
Property ID
US19-0872928
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
CONCRETE
Total area
1,200 SF
Lot
0.14 ac (6,250 SF)
Zoning code
RC-15
APN
50-42-02-15-0020
UPID
US19-0872928
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.65M
Owner & transaction history
Robert J Sammon · 2 yrs held
Robert J Sammon
since 2024
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
RC-15 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/Medium Density RCS-15 - Residential Single Family / Medium Density RD-10 - County RD-12.2 - Ir…
Zone name
Residential Single Family And Cluster And Medium Density
General category
RESIDENTIAL
Zone area
339.23 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,175,000
Current use
OFFICE BUILDING
$1,055,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Jan 12 2024)
Last sale anchor
$1.65M
Jan 12 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
$1,375 / 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
$8,827
Tax year 2023
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$450,000
Land market value
$450,000
Total market value
$450,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,200 SF
Lot
0.14 ac (6,250 SF)
Zoning code
RC-15
APN
50-42-02-15-0020
UPID
US19-0872928
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RC-15 · Fort Lauderdale, FLZoning RC-15 · permitted uses
RC-15 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict RAC-RPO - Residential and Professional Office District RAC-SMU - Regional Activity Center - Southwest Mixed Use District RAC-UV - Urban Village Districts RAC-WMU - Regional Activity Center - West Mixed Use District RC-15 - Residential Single Family and Cluster/Medium Density RCS-15 - Residential Single Family / Medium Density RD-10 - County RD-12.2 - Irregular Residential RD-12.22 - Irregular Residential RD-15 - Residential Single Famil
Zone name
Residential Single Family And Cluster And Medium Density
General category
RESIDENTIAL
Zone area
339.23 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
OFFICE 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
1950
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Robert J Sammon
Individual
Mailing address
312 NE 14TH AVEB, FORT LAUDERDALE, FL 33301-1753
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$1,650,000
Robert J Sammon
312 Ne 14 Ave LLC
Warranty Deed
—
Feb 11, 2021
$500,000
312 Ke 14 Ave LLC
Kemac Properties Fl INC
Warranty Deed
—
Mar 8, 2013
$250,000
Kemac Properties Fl INC
First Floor LLC
Grant Deed
—
Jan 16, 2007
$500,000
First Floor LLC
Wasson,albert J IV
Warranty Deed
—
Nov 10, 1997
$119,000
Albert J Wasson
King,frank L
Grant Deed
$107,100 · American National Bank & Trust
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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