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    Property profile & analytics

    15885 Rick Case Honda Way Davie, FL 33331-3101

    • Individual retail properties
    • 116,554 SF
    • 12.86 lot acres
    OFF-MARKET
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2455396
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 15885 Rick Case Honda Way

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    12.86 lot acres
    Property size
    116,554 SF
    Zone code
    BP
    Property type
    Individual retail properties
    APN
    50-40-28-05-0010
    APU
    504028050010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,166,000
      Market price range: $977k - $1.39M

    • Alternative Use

      Use
      Estimation
      GARDEN CENTER, HOME IMPROVEMENT (DO-IT-YOURSELF)
      $1,175,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.3606
    Latitude
    26.0672
    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
    $326,890
    $5,613,450
    $7,611,250
    $13,224,700
    -
    $5,613,450
    $7,611,250
    $13,224,700

    Comparable in this City

    • Value Estimation
      $1,320,000
      144,967 SF

      6600 Dykes Rd

      GARDEN CENTER, HOME IMPROVEMENT • 144,967 SF
      6600 Dykes Rd, Southwest Ranches, FL 33331-4667
      View Details
    • Value Estimation
      $4,130,000
      15,653 SF

      4473 Weston Rd

      DRUG STORE, PHARMACY • 15,653 SF
      4473 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $2,140,000
      5,417 SF

      15661 Sheridan St

      RETAIL STORES (PERSONAL SERVICES) • 5,417 SF
      15661 Sheridan St, Davie, FL 33331-3497
      View Details
    • Value Estimation
      $820,000
      4,512 SF

      4499 Weston Rd

      FINANCIAL BUILDING • 4,512 SF
      4499 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $5,010,000
      21,944 SF

      6800 Dykes Rd, Unit 6880

      RETAIL STORES (PERSONAL SERVICES) • 21,944 SF
      6800 Dykes Rd, Southwest Ranches, FL 33331-4663
      View Details
    • Value Estimation
      $5,500,000
      35,376 SF

      15451 Sheridan St

      RETAIL STORES (PERSONAL SERVICES) • 35,376 SF
      15451 Sheridan St, Davie, FL 33331-3488
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail/Commercial/Medical Space For Sale

      Prime leasing opportunity in a high-traffic retail hub.
      15661 Sheridan St, Fort Lauderdale, FL 33331
      View Details
    • $115,000

      Established Mobile Pet Grooming Business

      Profitable, turnkey mobile grooming operation in Weston, FL
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    • $7,900,000
      1.71 Acres

      Weston Corporate HQ Building For Sale

      Exceptional corporate HQ in Weston, Florida with building signage.
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      View Details
    • $1,299,999
      2.75 Acres

      Residential Land in Southwest Ranches

      Canal-front lot ready for construction in a prime location.
      18100 SW 70Th Pl, Southwest Ranches, FL 33331
      View Details
    • $1,275,000
      Pending

      Weston Office Space For Sale

      Two adjacent office units totaling 2,469 SF in Weston, FL.
      2751 Executive Park Dr, Weston, FL 33331
      View Details
    • $810,000
      1.05 Acres

      Residential Lot in Southwest Ranches

      Residential lot in prime location, fenced for privacy.
      160Th Ave, Fort Lauderdale, FL 33331
      View Details

    Similar Nearby for Lease

    • New
      $2,500 /Mo

      Davie Commercial Building with Parking

      Flex space with office, bathroom, and parking in Davie.
      2650 SW 154Th Ave, Davie, FL 33331
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space Near Interstate 75

      Retail space anchored by Publix with high traffic exposure.
      15701 Sheridan St, Fort Lauderdale, FL 33331
      View Details
    • Contact for pricing
      7,948 SF

      Freestanding Office Building on Lake

      Freestanding office building with lake view, renovated lobby, and management.
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      View Details
    • $20 SF/Yr
      1,800 SF

      Davie Industrial Flex Space

      1,800 SF Flex Space, 10 Acres
      2650 154Th Ave, Davie, FL 33331
      View Details
    • Contact for pricing
      7,808 SF

      Weston Office Space Available

      Office space available for rent in Weston, Florida.
      3300 Corporate Ave, Weston, FL 33331
      View Details
    • $24 SF/Yr
      74,644 SF

      Weston Corporate HQ Office Space

      9,200 SF office space near I-75 and Cleveland Clinic.
      2690 Weston Rd, Fort Lauderdale, FL 33331
      View Details
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    Davie, FL 33331-3101
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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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