Entity Owned 
For Lease
1 / 13
$46,975,000
1600 North Northpark Dr, Weston, FL 33326
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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
Current use
Occupant on record · Public records
-
Distribution Center Logistics Company
-
Industrial Manufacturer Production Facility
-
Swimwear Store
Location
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
since 2025
Last sale
$43.8M
7 recorded transactions
Zoning & alternative use
I-1 · Weston, FL
Zoning description
I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planned Employment Center District (§ 124.22 ) PDD Planned Development District (§ 124.21 ) AE Agricult…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$46.98M
Value range
$42.28M – $51.67M
±10% around blend
Estimated value / SF
$235 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$42.28M
blend $46.98M
$51.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
199,800 SF
Lot area
12.93 ac
Year built
1994
Stories
1
APN
50-40-17-02-0070
Zoning
I-1
Assessed value
$22,078,380
Annual tax
$512,292
3
Income approach: direct capitalization
Partial preview
Income approach indication
$51.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$55.32M
@ 6.5% CAP return
$51.06M
@ 7% CAP return
$47.42M
4
Sales comparison
Partial preview
Sales approach indication
$49.33M
Range $49.33M – $65.50M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$46.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 17 sales
$295
-20%
Submarket 671 sales
$348
-32%
County 1610 sales
$325
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $235/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$43.75M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.76M
$55.13M
$39.37M
$30.63M
$3.06M
$61.25M
$43.75M
$34.03M
$3.37M
$67.38M
$48.12M
$37.43M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning I-1 · permitted uses
I-1 · Weston, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planned Employment Center District (§ 124.22 ) PDD Planned Development District (§ 124.21 ) AE Agricult…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Weston, FL
Recorded code
I-1
Official district
I-1
Official district profile
What the municipal code says about I-1
Zoning description
I-1 Industrial (§ 124.16 (A)) Specialized Use Districts GC Golf Course (§ 124.19 ) MU Municipal Use (§ 124.20 ) PECD Planned Employment Center District (§ 124.22 ) PDD Planned Development District (§ 124.21 ) AE Agricult…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Weston, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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