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    1521-1523 Las Olas Blvd Fort Lauderdale, FL 33301
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    Property profile & analytics

    1521-1523 Las Olas Blvd, Fort Lauderdale, FL 33301

    View on Map
    • Turn key restaurants
    • 5,407 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US19-0148723
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1521-1523 Las Olas Blvd

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Zone code
    B-1
    Property type
    Turn key restaurants
    APN
    50-42-11-01-2410
    APU
    504211012410

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 2019 — Gro Link Capital LLC — Deed · related $1.6M · City National Bank Of Florida
    Oct 4, 2018 $1,950,000 Gro Link Capital LLC Nourry Holdings INC Grant Deed · related —
    Nov 4, 2013 $1,200,000 Nourry Holdings INC Kia Land Corp INC Warranty Deed —
    Jun 30, 1999 $810,000 1130 Duval Partnership Daoud,john J Grant Deed $405k · First Union National Bank
    — — Kia Land Corp — Deed Of Trust · related $100k · Landmark Bank
    — — Kia Land Corp — Deed Of Trust · related $292k · Landmark Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $516,000
      Market price range: $374k - $953k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1276
    Latitude
    26.1196
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,532
    $350,000
    $1,316,930
    $1,666,930
    -
    $350,000
    $1,316,930
    $1,666,930

    Comparable in this City

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      1,316 SF

      1415 Las Olas Blvd

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      1415 Las Olas Blvd, Fort Lauderdale, FL 33301-2335
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    • Value Estimation
      $890,000
      8,428 SF

      800 Las Olas Blvd

      RESTAURANT
      800 Las Olas Blvd, Fort Lauderdale, FL 33301-2225
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    • Value Estimation by Request
      2,544 SF

      107 6th St

      RESTAURANT
      107 6th St, Fort Lauderdale, FL 33301-2819
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    • Value Estimation
      $1,110,000
      8,684 SF

      100 Las Olas Blvd

      RESTAURANT
      100 Las Olas Blvd, Fort Lauderdale, FL 33301-2768
      View Details
    • Value Estimation
      $590,000
      7,568 SF

      620 Federal Hwy

      RESTAURANT
      620 Federal Hwy, Fort Lauderdale, FL 33301-3137
      View Details
    • Value Estimation
      $615,000
      9,800 SF

      715 Las Olas Blvd

      RESTAURANT
      715 Las Olas Blvd, Fort Lauderdale, FL 33301-2236
      View Details

    Similar Nearby for Sale

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      Class A Office Building

      Seven-story Class A office building with retail and restaurant space.
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    • $400,000
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      Fort Lauderdale Restaurant Opportunity

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    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
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    • Contact for pricing
      13,704 SF

      Las Olas Boulevard Retail Building

      Fully-leased retail building on Las Olas Boulevard with high exposure.
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    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Fort Lauderdale, Florida.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Las Olas

      Retail and restaurant spaces available on vibrant Las Olas.
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    • Contact for pricing
      2,033 SF

      Fort Lauderdale Restaurant and Bar

      Restaurant and bar space in a prime Fort Lauderdale location.
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      1,970 SF

      Retail Space in Fort Lauderdale

      Retail space with grease trap and ventilation in place.
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    • Contact for pricing

      Las Olas Blvd Concessionaire Space

      Prime location at Huizenga Park, high-traffic, turnkey setup.
      32 Las Olas Blvd, Fort Lauderdale, FL 33301
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    • Contact for pricing
      25,243 SF

      Mixed-Use Space on Las Olas

      Office, retail, and apartments in a mixed-use development.
      201 E Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • Contact for pricing
      2,069 SF

      Prime Retail Space in Fort Lauderdale

      Highly visible retail space in a densely populated area.
      1 N Federal Hwy, Fort Lauderdale, FL 33301
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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