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Property profile & analytics
FOR SALE
Commercial land
1601 East Las Olas Blvd Fort Lauderdale, FL 33301
Entity Owned
~
Est. High Equity
Property ID
US18-0864098
For Sale
$10,065,000
1601 East Las Olas Blvd, Fort Lauderdale, FL 33301
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1970
Construction
CONCRETE
Total area
47,530 SF
Lot
0.57 ac (24,857 SF)
Zoning code
RMH-25
APN
50-42-11-01-3270
UPID
US18-0864098
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
-
Albert Hyer Physician Medical Clinic
-
Daniel Melman Physician
-
Dr. Kathrine Adams Physician
-
Keli R. Graybeal, LCSW Foster Care Service Social Service Agency
-
Jennifer A. Murphy, LMHC Counselor Psychiatrist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.07M
Owner & transaction history
1601 Las Olas LLC
1601 Las Olas LLC
since 2025
7 recorded transactions
Zoning & alternative use
RMH-25 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RMH-25 district is intended for high-rise multifamily residences and tourist accommodations. Parcels so designated shall serve as a transition from medium high density multifamily housing and hotel development and single family and low to midrise multifamily residential neighborhoods and shall be located in proximity to arterial or collector streets or adjac…
Zone name
Residential Multifamily High Rise And Medium Density
General category
COMMERCIAL
Zone area
162.14 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,155,000
6.5%
$11,220,000
7%
$10,420,000
Blend value · Realmo final
$10.07M
Range $9.06M – $11.07M · ±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
$212 / 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
$34,169
Tax year 2023
Assessed value
$1,739,990
Assessed 2023
Previous assessed
$1,739,990
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$1,739,990
Land market value
$1,739,990
Total market value
$1,739,990
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
5
Total area
47,530 SF
Lot
0.57 ac (24,857 SF)
Zoning code
RMH-25
APN
50-42-11-01-3270
UPID
US18-0864098
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-25 · Fort Lauderdale, FLZoning RMH-25 · permitted uses
RMH-25 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RMH-25 district is intended for high-rise multifamily residences and tourist accommodations. Parcels so designated shall serve as a transition from medium high density multifamily housing and hotel development and single family and low to midrise multifamily residential neighborhoods and shall be located in proximity to arterial or collector streets or adjacent or near to commercial shopping and office facilities or services
Zone name
Residential Multifamily High Rise And Medium Density
General category
COMMERCIAL
Zone area
162.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
0.57 ac
Current owner
From public records · entity-resolved
1601 Las Olas LLC
Entity
Mailing address
1350 NE 56TH ST STE #200, FORT LAUDERDALE, FL 33334-6142
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
$7,000,000
1601 Las Olas LLC
Hospital 1601 Las Olas LLC
Special Warranty Deed
—
Oct 1, 2013
$5,550,000
Hospital 1601 Las Olas LLC
Clsd Properties Lc
Grant Deed
—
Jul 22, 2005
—
Fort Lauderdale Hospital INC
—
Deed Of Trust
related
$4,021,738 · Bank Of America
Aug 3, 1999
$2,244,000
Clsd Properties Lc
Bhc Fort Lauderdale Hospital
Grant Deed
—
—
—
Clsd Properties Lc
—
Loan Modification
related
$4,400,000 · City National Bank Of Florida
—
—
Clsd Properties Lc
—
Deed Of Trust
related
$3,600,000 · City National Bank Of Florida
—
—
Clsd Properties Lc
—
Deed Of Trust
related
$2,908,500 · Wachovia Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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