Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1612 NW 38Th Ave Fort Lauderdale, FL 33311

    • Warehouses
    • 21,236 SF
    • 1.19 lot acres
    For Sale
    View listing
    $4,999,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1894651
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eglise Tabernacle de Gloire Life Ministry Inc / Church
    • Eglise Tabernacle de Gloire Life Mts Inc / Church
    • Kayl hart llc / Used Computer Store

    Property Details for 1612 NW 38Th Ave

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    1.19 lot acres
    Property size
    21,236 SF
    Zone code
    CW
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-31-24-0020
    APU
    494231240020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,143,000
      Market price range: $1.29M - $4.36M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.1993
    Latitude
    26.1466
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,699
    $362,500
    $1,974,110
    $2,336,610
    -
    $362,500
    $1,974,110
    $2,336,610

    Comparable in this City

    • Value Estimation
      $9,530,000
      83,590 SF

      3849 19th St, Unit 3923

      MINI-WAREHOUSE, STORAGE • 83,590 SF
      3849 19th St, Lauderdale Lakes, FL 33311-4123
      View Details
    • Value Estimation
      $3,590,000
      20,406 SF

      770 Sunrise Blvd

      MINI-WAREHOUSE, STORAGE • 20,406 SF
      770 Sunrise Blvd, Fort Lauderdale, FL 33311-7200
      View Details
    • Value Estimation
      $975,000
      5,385 SF

      800 10th Ter, Unit 802

      MINI-WAREHOUSE, STORAGE • 5,385 SF
      800 10th Ter, Fort Lauderdale, FL 33311-7118
      View Details
    • Value Estimation by Request
      1,263 SF

      430 27th Ave

      MINI-WAREHOUSE, STORAGE • 1,263 SF
      430 27th Ave, Fort Lauderdale, FL 33311-8600
      View Details
    • Value Estimation
      $2,800,000
      15,000 SF

      1480 23rd Ave

      MINI-WAREHOUSE, STORAGE • 15,000 SF
      1480 23rd Ave, Fort Lauderdale, FL 33311-5147
      View Details
    • Value Estimation
      $7,665,000
      64,100 SF

      1020 23rd Ave

      MINI-WAREHOUSE, STORAGE • 64,100 SF
      1020 23rd Ave, Fort Lauderdale, FL 33311-5750
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      144,016 SF

      Fort Lauderdale Retail/Industrial/Showroom Space

      Variety of spaces available in busy shopping/commerce center.
      3849-3999 NW 19Th St, Fort Lauderdale, FL 33311
      View Details
    • $6,500,000
      20,427 SF

      Fort Lauderdale Industrial Property

      High-traffic Auto Shop & Warehouse
      1260 Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $4,500,000
      8,976 SF

      Fort Lauderdale Warehouse - $4.5M

      8,976 SF renovated warehouse, prime location.
      921 8Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $970,000
      3,659 SF

      Fort Lauderdale Industrial Investment

      High-yield multi-tenant warehouse in prime location.
      2646 4Th St, Fort Lauderdale, FL 33311
      View Details
    • $650,000
      0.11 Acres

      Oakland Park Warehouse with Bays

      Two-bay warehouse in established industrial area, suitable for owner-user.
      Oakland Park, FL 33311
      View Details
    • $4,999,999
      1.19 Acres

      Fort Lauderdale Warehouse on Large Lot

      Warehouse with large lot in Lauderhill, near UPS.
      1612 NW 38Th Ave, Fort Lauderdale, FL 33311
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space - NW 19th Street

      3,000 SF Warehouse; Grade-Level Doors
      3603 19Th St, Fort Lauderdale, FL 33311
      View Details
    • $19 SF/Yr
      2,213 SF

      Lauderdale Lakes Industrial Space

      Industrial park with excellent highway access and various unit sizes.
      2951-2961 NW 27Th St, Lauderdale Lakes, FL 33311
      View Details
    • $17 SF/Yr
      3,650 SF

      Lauderdale Lakes Industrial Park Space

      Industrial park with flexible spaces, excellent access, and security.
      2731-2754 NW 30Th Ave, Oakland Park, FL 33311
      View Details
    • $23 SF/Yr
      4,065 SF

      Renovated Fort Lauderdale Warehouse Space

      Newly renovated warehouse with loading dock and high ceilings.
      2906-2912 NW 28Th St, Lauderdale Lakes, FL 33311
      View Details
    • $1,562 /Mo

      Warehouse Storage Space For Rent

      750 SF warehouse with tall ceilings and grade-level doors.
      1814 NW 38Th Ct, Lauderhill, FL 33311
      View Details
    • $23 SF/Yr

      Oakland Park Industrial Park Space

      Industrial park space for lease near major highways.
      2910 NW 28Th St, Fort Lauderdale, FL 33311
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1612 NW 38Th Ave
    Fort Lauderdale, FL 33311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.