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Property profile & analytics
FOR SALE
Warehouses
1600 NE 12Th Ter Fort Lauderdale, FL 33305
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8949202
For Sale
1 / 26
$14,355,000
1600 NE 12Th Ter, Fort Lauderdale, FL 33305
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
CONCRETE
Total area
39,576 SF
Lot
3.18 ac (138,592 SF)
Zoning code
B-3
APN
49-42-35-00-0180
UPID
US18-8949202
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
-
Overhead Garage Door Repair Pros Building Supply General Contractor
-
Best Roofing Roofing Company General Contractor
-
Followup CRM (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.44M
CAP Approach
CAP
$10.12M
Comparable Approach
Comparable
$9.21M
Blend (final)
Blend
$14.36M
Owner & transaction history
Lpf Realty Fl 1600 LLC · 4 yrs held
Lpf Realty Fl 1600 LLC
since 2022
Last sale
$17.5M
6 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County CB - Commercial Business CC - Commerce Center District CF - Commu…
Zone name
Heavy Commercial And Light Industrial Business
General category
INDUSTRIAL
Zone area
596.21 ac
Top alternative use upside
Commercial (general)
$20.5M
+48.8%
Office building
$18.7M
+36.1%
Industrial (general)
$18.6M
+35.0%
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
$15,240,000
ML approach
$9,435,000
CAP Approach
CAP Return
Estimation
6%
$10,955,000
6.5%
$10,115,000
7%
$9,390,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,775,000
Current use
COMMERCIAL (GENERAL)
$20,500,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$18,740,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,595,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$18,440,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$14.36M
Range $12.92M – $15.79M · ±10% · vs last sale $17.50M (Jul 18 2022)
Last sale anchor
$17.50M
Jul 18 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
$363 / 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
$232,418
Tax year 2023
Assessed value
$10,859,810
Assessed 2023
Previous assessed
$10,859,810
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$1,108,740
Assessed improvement
$9,751,070
Land market value
$1,108,740
Improvement market value
$9,751,070
Total market value
$10,859,810
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Total area
39,576 SF
Lot
3.18 ac (138,592 SF)
Zoning code
B-3
APN
49-42-35-00-0180
UPID
US18-8949202
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FLZoning B-3 · permitted uses
B-3 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Flag Internal Locked Multiple Through ZONING fake-general-subgroup Zoning Districts ABA - A-1A Beachfront Area District AIP - Airport Industrial Park District B-1 - Boulevard Business B-2 - County B-2 - General Business B-3 - County B-3 - Heavy Commercial/Light Industrial Business C-1 - County CB - Commercial Business CC - Commerce Center District CF - Community Facility CF-H - Community Facility/House of Worship CF-HS - Community Facility
Zone name
Heavy Commercial And Light Industrial Business
General category
INDUSTRIAL
Zone area
596.21 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$20.5M
OFFICE BUILDING
Est. value
$18.7M
INDUSTRIAL (GENERAL)
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$18.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
3.18 ac
Current owner
From public records · entity-resolved
Lpf Realty Fl 1600 LLC
Entity
Mailing address
550 W SUNRISE BLVD, FORT LAUDERDALE, FL 33311-7234
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 18, 2022
$17,500,000
Lpf Realty Fl 1600 LLC
Summerwind Properties LLC
Special Warranty Deed
$6,000,000 · Bankunited NA
Oct 23, 2015
$4,850,000
Summerwind Properties LLC
1500 Ne 12 Terrace LLC
Grant Deed
$2,600,000 · Bankunited Fsb
Jul 31, 2012
$2,600,000
1500 Ne 12 Terrace LLC
Wells Fargo Bk NA
Grant Deed
—
Feb 20, 2012
—
Fargo Bk NA Wells
Wallick,gregg Coc
Trustees Deed
related
—
May 2, 2008
$5,070,000
Saige LLC
Mg Warehouse Corp
Warranty Deed
$4,616,000 · Wachovia Bank NA
—
—
1500 Ne 12 Terrace LLC
—
Deed Of Trust
related
$1,950,000 · Fieldpoint Private Bank & Trus
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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