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Property profile & analytics
FOR LEASE
Distribution centers
1600 North Northpark Dr Weston, FL 33326
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3228198
For Lease
1 / 13
$46,975,000
1600 North Northpark Dr, Weston, FL 33326
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Construction
CONCRETE
Total area
199,800 SF
Lot
12.93 ac (563,328 SF)
Zoning code
I-1
APN
50-40-17-02-0070
UPID
US18-3228198
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
$51.06M
Comparable Approach
Comparable
$49.33M
Blend (final)
Blend
$46.98M
Owner & transaction history
Wslp Weston Industrial Owner Ix LP · 1 yrs held
Wslp Weston Industrial Owner Ix LP
since 2025
Last sale
$43.8M
7 recorded transactions
Zoning & alternative use
I-1 · Weston, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Weston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weston 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,315,000
6.5%
$51,060,000
7%
$47,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$58,915,000
Current use
Blend value · Realmo final
$46.98M
Range $42.28M – $51.67M · ±10% · vs last sale $43.75M (Nov 25 2024)
Last sale anchor
$43.75M
Nov 25 2024
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
$235 / 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
$512,292
Tax year 2023
Assessed value
$22,078,380
Assessed 2023
Previous assessed
$21,810,350
+1.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$5,633,280
Assessed improvement
$16,445,100
Land market value
$5,633,280
Improvement market value
$16,445,100
Total market value
$22,078,380
Applied tax rate
3,312.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1994
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
199,800 SF
Lot
12.93 ac (563,328 SF)
Zoning code
I-1
APN
50-40-17-02-0070
UPID
US18-3228198
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Weston, FL
Zoning I-1 · permitted uses
I-1 · Weston, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Weston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$58.9M
WAREHOUSE, STORAGE Current
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
1994
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
12.93 ac
Current owner
From public records · entity-resolved
Wslp Weston Industrial Owner Ix LP
Entity
Free & Clear · 1 yrs held
Mailing address
420 S ORANGE AVE STE #190, ORLANDO, FL 32801-4907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$43,750,000
Wslp Weston Industrial Owner Ix LP
1600fll LLC
Special Warranty Deed
—
Aug 9, 2018
—
1600fll LLC
Becknell Properties
Grant Deed
related
—
Jun 13, 2018
$30,350,000
1600fll LLC
Becknell Properties
Grant Deed
—
Jul 23, 2008
—
Weston Becknell LLC
Owner,record
Grant Deed
related
—
Nov 28, 2007
—
Weston Becknell LLC
Becknell Properties
Quit Claim Deed
related
$4,810,000 · Park National Bank
Apr 13, 2006
$20,000,000
Properties Becknell
Weston Tower LLC
Grant Deed
—
Jun 30, 2004
$13,300,000
Weston Tower LLC
Northwestern Mutual Life Ins
Grant Deed
related
—
—
—
Lillian Marigan
—
Deed Of Trust
related
$70,000 · National City Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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