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Property profile & analytics
OFF-MARKET
Investment properties
151 16th Avecu2 Fort Lauderdale, FL 33301-3843
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2680386
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Construction
CONCRETE
Total area
805 SF
Lot
0.02 ac (840 SF)
Zoning code
RMH-60
APN
50-42-02-AN-0020
UPID
US18-2680386
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hephelle LLC · 7 yrs held
Hephelle LLC
since 2019
3 recorded transactions
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,181
Tax year 2023
Assessed value
$242,780
Assessed 2023
Previous assessed
$151,390
+60.4% YoY
Effective rate
1.72%
On assessed value
Assessed land
$24,280
Assessed improvement
$218,500
Land market value
$24,280
Improvement market value
$218,500
Total market value
$242,780
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Total area
805 SF
Lot
0.02 ac (840 SF)
Zoning code
RMH-60
APN
50-42-02-AN-0020
UPID
US18-2680386
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-60 · Fort Lauderdale, FLZoning RMH-60 · permitted uses
RMH-60 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RMH-60 district is intended for high-rise, high density multifamily residences and hotels. The RMH-60 district has a maximum density of 60 dwelling units per net acre and 120 hotel/motel rooms per net acre, and 87 nursing home rooms per net acre which is consistent with the residential high category of the city's comprehensive plan
Zone name
Residential Multifamily High Rise And High Density
General category
RESIDENTIAL
Zone area
343.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Hephelle LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1570 SE 23RD AVE, POMPANO BEACH, FL 33062-7508
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
$145,000
Hephelle LLC
Pietrowicz,joao & Ruth
Warranty Deed
—
Jan 24, 2005
$50,000
Joao Pietrowicz
Tarragon Corp
Grant Deed
$43,350 · Bank Of America
—
—
Carlos A Piar
—
Deed Of Trust
related
$37,900 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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