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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Medical Office Space
1508 3rd Ave Fort Lauderdale, FL 33316-2502
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0231911
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
CONCRETE
Total area
1,096 SF
Lot
0.16 ac (6,779 SF)
Zoning code
ROA
APN
50-42-15-10-2010
UPID
US19-0231911
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
-
Sandra Lawrence Pediatrician
-
Guarneri Ralph MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
North Broward Hospital District · 3 yrs held
North Broward Hospital District
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
ROA · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote small-scale office and residential uses together in a neighborhood setting, focusing on professional offices and single family homes
Zone name
Limited Residential Office
General category
MIXED_USE
Zone area
57.02 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$890,000
+73.9%
Neighborhood: shopping center
$825,000
+61.5%
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
$1,105,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$890,000
Change: +74% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.07M (Nov 2 2022)
Last sale anchor
$1.07M
Nov 2 2022
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
$967 / 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
$438
Tax year 2023
Assessed value
$341,110
Assessed 2023
Previous assessed
$278,750
+22.4% YoY
Effective rate
0.13%
On assessed value
Assessed land
$122,020
Assessed improvement
$219,090
Land market value
$122,020
Improvement market value
$219,090
Total market value
$341,110
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,096 SF
Lot
0.16 ac (6,779 SF)
Zoning code
ROA
APN
50-42-15-10-2010
UPID
US19-0231911
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ROA · Fort Lauderdale, FLZoning ROA · permitted uses
ROA · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote small-scale office and residential uses together in a neighborhood setting, focusing on professional offices and single family homes
Zone name
Limited Residential Office
General category
MIXED_USE
Zone area
57.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
North Broward Hospital District
Individual
Mailing address
1800 NW 49TH ST, FORT LAUDERDALE, FL 33309-3092
Ownership since
2022
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
Nov 2, 2022
$1,065,000
North Broward Hospital District
Emd Properties LLC
Warranty Deed
—
Jul 3, 2008
$392,500
Emd Properties LLC
Lambrechts,bettina
Warranty Deed
$350,000 · Executive National Bank
Dec 19, 2007
$47,500
Bettina Lambrechts-talib
Talib,kaizer E
Quit Claim Deed
related
—
—
—
Emd Properties LLC
—
Deed Of Trust
related
$800,000 · Branch Bk&tr
—
—
Bettina Lambrechts-talib
—
Deed Of Trust
related
$100,000 · Bank Of America
—
—
Emd Properties LLC
—
Deed Of Trust
related
$293,250 · Bank Of America
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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