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Property profile

1612 NW 38Th Ave Fort Lauderdale, FL 33311

FOR SALE
Other warehouses
Property ID
US18-1894651
21,236 SF 1.19 ac lot Built 1981
Last sale Sep 2014 · $775,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Warehouse building totaling over 20,000 square feet situated on a 51,000 square foot lot at 1612 NW 38th Ave, Fort Lauderdale, Florida, in the Lauderhill area, adjacent to UPS. The facility is configured as multiple units, with at least one unit currently vacant while other units are occupied, supporting use as divisible warehouse space depending on tenant operation. The site size provides outdoor area that can support logistics and staging needs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value$2.34M
Assessed land$363k
Assessed improvement$1.97M
Effective rate2.17%

Value estimate

· Oct 2026
$2.70M
$2.43M – $2.97M
Submarket $/SF estimate$2.14M
NOI build-up
Gross scheduled income$408k
Vacancy & credit loss−$17k
Operating expenses−$59k
NOI · 6.64% cap applied$332k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$232/SF
ZIP average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$177 – $330
Qualifying comparables10

Cap rate analysis

How does the asset earn?
6.64%
$332k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CW
welling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. ...
General categoryINDUSTRIAL
JurisdictionBROWARD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency69.7
Law Firm42.7
Dental Office41.9

Location

1612 NW 38Th Ave Fort Lauderdale, FL 33311
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
809 1st, Fort Lauderdale, FL 33311-9003 $2,200,000 Feb 2026 10,000 SF
828 1st, Fort Lauderdale, FL 33311-9004 $2,464,500 Jan 2026 10,003 SF
1774 38th, Lauderhill, FL 33311-4117 $19,250,000 Nov 2025 27,387 SF
1883 38th, Lauderhill, FL 33311-4118 $4,700,000 Jul 2025 28,895 SF
1800 29th St1838a, Oakland Park, FL 33311-2124 $7,000,000 Jun 2025 11,700 SF
1703 38th, Lauderhill, FL 33311-4138 $12,020,000 Aug 2024 44,945 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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