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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Industrial properties
1601 20th St Fort Lauderdale, FL 33316
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3124979
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
STEEL FRAME
Total area
1,750 SF
Lot
5.03 ac (218,941 SF)
Zoning code
PEDD
APN
50-42-14-00-0230
UPID
US18-3124979
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
-
G&H Marine Canvas Inc. Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Maritime Diesel Electric General Contractor
-
Marathon Petroleum Co Factory Production Facility
-
Advanced Mechanical Enterprises Machine Repair Service Machine Shop
-
ADR Power Systems, Inc. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Mplx Terminals LLC · 9 yrs held
Mplx Terminals LLC
since 2016
3 recorded transactions
Zoning & alternative use
PEDD · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$920,000
+11.7%
Commercial (general)
$905,000
+10.2%
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
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$820,000
Current use
OFFICE BUILDING
$920,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$905,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$815,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$785,000
Change: -5% · Conversion: Easy
RETAIL STORES
$665,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$431 / 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
$69,463
Tax year 2023
Assessed value
$2,987,460
Assessed 2023
Previous assessed
$2,987,460
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$2,189,410
Assessed improvement
$798,050
Land market value
$2,189,410
Improvement market value
$798,050
Total market value
$2,987,460
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
1,750 SF
Lot
5.03 ac (218,941 SF)
Zoning code
PEDD
APN
50-42-14-00-0230
UPID
US18-3124979
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PEDD · Fort Lauderdale, FL
Zoning PEDD · permitted uses
PEDD · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$820,000
OFFICE BUILDING
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$905,000
MEDICAL BUILDING
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$785,000
RETAIL STORES
Est. value
$665,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1956
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.03 ac
Current owner
From public records · entity-resolved
Mplx Terminals LLC
Entity
Free & Clear · 9 yrs held
Mailing address
539 S MAIN ST, FINDLAY, OH 45840-3229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2016
—
Mplx Terminals LLC
Marathon Petroleum Co LP
Grant Deed
related
—
Jul 26, 2004
—
Marine Center Annex LLC
Palm Beach Polo Holdings INC
Quit Claim Deed
related
—
Jul 7, 2004
$949,000
Marine Center Anx LLC
Balocco,joseph M
Grant Deed
—
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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