Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1550 40th Ave Lauderhill, FL 33313-5808

    • Drive through restaurants
    • 1,422 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Mar 22, 2024
    $1,700,000
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2362699
    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.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1550 40th Ave

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    0.83 lot acres
    Property size
    1,422 SF
    Zone code
    CG
    Property type
    Drive through restaurants
    APN
    49-42-31-24-0010
    APU
    494231240010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,489,000
      Market price range: $662k - $1.89M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,215,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,890,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,150,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.202
    Latitude
    26.145
    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
    $16,684
    $289,030
    $381,990
    $671,020
    -
    $289,030
    $381,990
    $671,020

    Comparable in this City

    • Value Estimation
      $645,000
      3,443 SF

      5757 Oakland Park Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,443 SF
      5757 Oakland Park Blvd, Lauderhill, FL 33313-1317
      View Details
    • Value Estimation
      $700,000
      3,410 SF

      1140 40th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,410 SF
      1140 40th Ave, Lauderhill, FL 33313-6630
      View Details
    • Value Estimation
      $565,000
      3,726 SF

      6125 Sunrise Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,726 SF
      6125 Sunrise Blvd, Plantation, FL 33313-6142
      View Details
    • Value Estimation by Request
      601 SF

      4120 12th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 601 SF
      4120 12th St, Lauderhill, FL 33313-5816
      View Details
    • Value Estimation
      $1,165,000
      2,934 SF

      6201 Sunrise Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,934 SF
      6201 Sunrise Blvd, Plantation, FL 33313-6143
      View Details
    • Value Estimation by Request
      935 SF

      5400 Oakland Park Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 935 SF
      5400 Oakland Park Blvd, Lauderhill, FL 33313-1410
      View Details

    Similar Nearby for Sale

    • $350,000

      Korean BBQ & Sushi Restaurant

      Established restaurant with drive-through, strong sales, and growth potential.
      7225 W Okaland Pard Blvd, Lauderhill, FL 33313
      View Details
    • $900,000

      Established Cafe Business For Sale

      Profitable Italian-style cafe with loyal customer base in high-traffic area.
      Confidential, Plantation, FL 33313
      View Details
    • $110,000

      Electronics Repair Franchise Opportunity

      Turnkey electronics repair franchise in Sunrise, FL with assets included.
      Confidential, Sunrise, FL 33313
      View Details
    • Contact for pricing

      Retail/Office Space For Sale

      626 SF retail/office space in Sunrise, Florida.
      1100-04 Sunset Strip 1100-04, Sunrise, FL 33313
      View Details
    • $6,500,000

      Renovated Retail Property For Sale

      43,282 SF renovated retail property with strong tenant mix.
      5975 W Sunrise Blvd, Fort Lauderdale, FL 33313
      View Details
    • Contact for pricing

      Retail/Office Space For Sale

      598 SF retail/office space in a rehabbed property.
      1100-02 Sunset Strip 1100-02, Sunrise, FL 33313
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      35,937 SF

      Plantation Office Space For Lease

      Sunrise Blvd. Office/Retail Space. High Visibility.
      4301 Sunrise Blvd, Plantation, FL 33313
      View Details
    • $0.01 SF/Yr
      29,645 SF

      Oakland Park Retail Space For Sale

      Prime location, 29,645 sq ft retail space.
      7204 Oakland Park Blvd, Lauderhill, FL 33313
      View Details
    • $12,800 /Mo
      69,696 SF

      Lauderdale Lakes Worship Space Available

      Church-zoned space for lease in active commercial corridor, available 2026.
      2647 N State Road 7, Lauderdale Lakes, FL 33313
      View Details
    • $1.71 SF/Yr
      16,000 SF

      Sunset Strip Retail Space For Lease

      Prime 760 sq ft Retail Space Available
      1084 Sunset Strip, Sunrise, FL 33313
      View Details
    • $1,975 /Mo

      Lauderhill Mixed-Use Space Available

      Retail, office, or service space in a busy Lauderhill area.
      1180 NW 41 Ln, Lauderhill, FL 33313
      View Details
    • $0.01 SF/Yr
      29,645 SF

      Oakland Park Retail Center

      Prime location, 29,645 sq ft, move-in ready.
      7204 Oakland Park Blvd, Lauderhill, FL 33313
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1550 40th Ave
    Lauderhill, FL 33313-5808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!