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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Warehouses
1608 3rd Ave 1622 Fort Lauderdale, FL 33315-1716
Entity Owned
Free & Clear
Property ID
US18-4793531
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
CONCRETE
Total area
12,081 SF
Lot
0.4 ac (17,284 SF)
Zoning code
B-3
APN
50-42-15-04-0120
UPID
US18-4793531
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
-
Inflatable Marlin Services LLC Department Store
-
south florida Orthopedic group Alternative Medicine Practice Physician
-
Broward HealthCare Federal Credit Union Credit Union
-
Broward Health ISC Building Hospital
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.62M
Owner & transaction history
Kdb Realty Holdings LLC
Kdb Realty Holdings LLC
since 2025
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+3.5%
Industrial (general)
$5.7M
+2.7%
Medical building
$5.6M
+1.8%
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%
$3,345,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,530,000
Current use
OFFICE BUILDING
$5,720,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,675,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$5,630,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $4.05M (Dec 19 2025)
Last sale anchor
$4.05M
Dec 19 2025
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
$299 / 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
$21,210
Tax year 2023
Assessed value
$1,399,640
Assessed 2023
Previous assessed
$1,178,150
+18.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$190,120
Assessed improvement
$1,209,520
Land market value
$190,120
Improvement market value
$1,209,520
Total market value
$1,399,640
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,081 SF
Lot
0.4 ac (17,284 SF)
Zoning code
B-3
APN
50-42-15-04-0120
UPID
US18-4793531
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Fort Lauderdale, FL
Zoning B-3 · permitted uses
B-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Kdb Realty Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 800637, MIAMI, FL 33280-0637
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$4,050,000
Kdb Realty Holdings LLC
Bowman Commercial Properties LLC
Warranty Deed
—
Jul 21, 2006
—
Bowman Commercial Props LLC
Bowman,rosehelen
Quit Claim 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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