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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Theaters & concert halls
1501-1505 Andrews Ave Fort Lauderdale, FL 33316
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-7879883
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1968
Construction
CONCRETE
Total area
3,257 SF
Lot
0.3 ac (12,953 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-2200
UPID
US18-7879883
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
South Andrews Properties LLC · 13 yrs held
South Andrews Properties LLC
since 2013
4 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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$900,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$455,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$170 / 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
$25,099
Tax year 2023
Assessed value
$1,073,960
Assessed 2023
Previous assessed
$1,073,960
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$323,830
Assessed improvement
$750,130
Land market value
$323,830
Improvement market value
$750,130
Total market value
$1,073,960
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
3,257 SF
Lot
0.3 ac (12,953 SF)
Zoning code
SRAC-SAE
APN
50-42-15-10-2200
UPID
US18-7879883
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$900,000
OFFICE BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES
Est. value
$455,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
South Andrews Properties LLC
Entity
Mailing address
1505 S ANDREWS AVE, FORT LAUDERDALE, FL 33316-2507
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
—
South Andrews Properties LLC
—
Deed
related
$653,800 · Bank Five Nine
Jul 30, 2013
$949,000
South Andrews Properties LLC
Sunshine Commercial Investment
Warranty Deed
$610,542 · Pnc Bank
Aug 11, 2006
$1,350,000
Sunshine Commercial Invs INC
Bluegrass Movement INC
Warranty Deed
$1,200,000 · Bank Of America
—
—
Bluegrass Movement INC
—
Deed Of Trust
related
$750,000 · Bank Of Florida 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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