Back to Search
Property profile & analytics
FOR SALE
Warehouses
1612 NW 38Th Ave Fort Lauderdale, FL 33311
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1894651
For Sale
1 / 11
$4,999,999
1612 NW 38Th Ave, Fort Lauderdale, FL 33311
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
CONCRETE
Total area
21,236 SF
Lot
1.19 ac (51,786 SF)
Zoning code
CW
APN
49-42-31-24-0020
UPID
US18-1894651
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.70M
Owner & transaction history
Ntn Properties LLC · 11 yrs held
Ntn Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
CW · Lauderhill, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
welling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (CG). 4. Commercial, Warehouse (CW). 5. Commercial, Office (CO). 6. Commercial, Recreation (CR). C. Industrial zoning district. 1. Industrial, Light (IL). D. Transportation…
Zone name
Commercial Warehouse
General category
INDUSTRIAL
Zone area
26.69 ac
Source
land development regulations
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±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
$127 / 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
$50,699
Tax year 2023
Assessed value
$2,336,610
Assessed 2023
Previous assessed
$2,030,640
+15.1% YoY
Effective rate
2.17%
On assessed value
Assessed land
$362,500
Assessed improvement
$1,974,110
Land market value
$362,500
Improvement market value
$1,974,110
Total market value
$2,336,610
Applied tax rate
1,912.0000
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
21,236 SF
Lot
1.19 ac (51,786 SF)
Zoning code
CW
APN
49-42-31-24-0020
UPID
US18-1894651
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
welling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (CG). 4. Commercial, Warehouse (CW). 5. Commercial, Office (CO). 6. Commercial, Recreation (CR). C. Industrial zoning district. 1. Industrial, Light (IL). D. Transportation and Utility zoning districts. 1. Transportation Facility (TF). 2. Utility Facilit
Zone name
Commercial Warehouse
General category
INDUSTRIAL
Zone area
26.69 ac
Source
land development regulations
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Ntn Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1620 NW 38TH AVE, FORT LAUDERDALE, FL 33311-4137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2014
$775,000
Ntn Properties LLC
1612 Nw 38 Ave LLC
Grant Deed
—
Jan 3, 2012
$587,500
1612 Nw 38 Avenue LLC
Landmark Bank NA
Grant Deed
—
Feb 7, 2011
—
Landmark Bank NA
Big Sun INC Coc
Trustees Deed
related
—
Jun 30, 2005
$1,775,000
Big Sun INC
Inland Holding Group
Warranty Deed
$1,150,000 · Landmark Bank
—
—
Big Sun INC
—
Deed Of Trust
related
$495,000 · Landmark Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
