Entity Owned 
For Sale
1 / 5
$5,200,000
1601 Nw 38 Ave, Lauderhill, FL
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Property summary
AI-generated overview
A 1,100-square-foot flex space located within a maintained industrial park, configured to support a range of uses such as warehouse operations, office use, distribution, or light industrial activity. The interior layout provides flexible space to accommodate different operating requirements, with functional areas intended for combined work and storage use. The property is situated with convenient access to major highways and nearby commercial corridors, and includes ample on-site parking for staff and visitors.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
CONCRETE
Total area
24,850 SF
Lot
1.42 ac (61,655 SF)
Zoning code
CW
APN
49-42-31-24-0021
UPID
US19-0438316
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.98M
Owner & transaction history
since 2017
4 recorded transactions
Zoning & alternative use
CW · Lauderhill, FL
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.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.98M
Value range
$2.68M – $3.28M
±10% around blend
Estimated value / SF
$120 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$2.68M
blend $2.98M
$3.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,850 SF
Lot area
1.42 ac
Year built
1977
Stories
1
APN
49-42-31-24-0021
Zoning
CW
Assessed value
$1,995,540
Annual tax
$58,325
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$58,325
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.79M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.2 mi away · 21,071 SF
5.2 mi away · 21,071 SF
9.2 mi away · 19,123 SF
14.0 mi away · 18,484 SF
20.6 mi away · 21,524 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$251
-52%
Submarket 291 sales
$379
-68%
County 589 sales
$350
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $120/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
Market benchmark
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
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
6.26%
Selected cap rate for this retail space
Derived from the Lauderhill market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.26%
9.0%
NOI (est.)
$326k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.20M
Move the market yield to see immediate price impact.
Value / SF
$209
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
5.76%6.26%6.76%
$293k
$5.09M
$4.68M
$4.34M
$326k
$5.66M
$5.20M
$4.82M
$358k
$6.22M
$5.72M
$5.30M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$5.70M
1.8 mi · Feb 2026 · $228/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,325
Tax year 2023
Assessed value
$1,995,540
Assessed 2023
Previous assessed
$1,701,070
+17.3% YoY
Effective rate
2.92%
On assessed value
Assessed land
$431,590
Assessed improvement
$1,563,950
Land market value
$431,590
Improvement market value
$1,563,950
Total market value
$1,995,540
Applied tax rate
1,912.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1977
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
24,850 SF
Lot
1.42 ac (61,655 SF)
Zoning code
CW
APN
49-42-31-24-0021
UPID
US19-0438316
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CW · Lauderhill, FLZoning CW · permitted uses
CW · Lauderhill, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CW
Jurisdiction
Lauderhill, FL
Recorded code
CW
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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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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