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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Assisted living facilities
1615 Miami Rd Fort Lauderdale, FL 33316-2933
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1082444
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1960
Construction
CONCRETE
Total area
11,145 SF
Lot
1.35 ac (58,723 SF)
Zoning code
RMH-60
APN
50-42-14-03-2120
UPID
US18-1082444
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
-
Veronica Bono, PTA Medical Clinic
-
Gabriel Sunn Physician
-
Regie Mercado Physician
-
Dr. Oghenevwogaga Ophori Physician
-
Aspire at the Sea - Harbor Beach Rehabilitation Center Medical Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.95M
Owner & transaction history
1615 Miami Road Fl Owner LLC · 2 yrs held
1615 Miami Road Fl Owner LLC
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+125.9%
Commercial (general)
$5.8M
+122.9%
Industrial (general)
$5.2M
+102.2%
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
$4,580,000
ML approach
$3,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,590,000
Current use
OFFICE BUILDING
$5,850,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,775,000
Change: +123% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,235,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$5,195,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $4.05M (Sep 7 2023)
Last sale anchor
$4.05M
Sep 7 2023
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
$354 / 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
$62,336
Tax year 2023
Assessed value
$2,707,530
Assessed 2023
Previous assessed
$2,415,530
+12.1% YoY
Effective rate
2.30%
On assessed value
Assessed land
$601,910
Assessed improvement
$2,105,620
Land market value
$601,910
Improvement market value
$2,105,620
Total market value
$2,707,530
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
11,145 SF
Lot
1.35 ac (58,723 SF)
Zoning code
RMH-60
APN
50-42-14-03-2120
UPID
US18-1082444
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RMH-60 · Fort Lauderdale, FL
Zoning RMH-60 · permitted uses
RMH-60 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
1615 Miami Road Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL #29, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$4,047,000
1615 Miami Road Fl Owner LLC
1615 Miami Rd Re LLC
Special Warranty Deed
—
Feb 22, 2023
$4,920,900
1615 Miami Rd Re LLC
Eclipse Decathlon Re Harbor Beach L
Special Warranty Deed
—
Mar 5, 2019
—
Eclipse Decathlon Re Harbor Bc
—
Deed
related
$285,337 · General Electric Cap Corp
May 8, 2014
$7,005,000
Eclipse Decathlon Re Harbor Be
Decathlon Re Harbor Beach LLC
Trustees Deed
$81,525,000 · General Elec Cap
Oct 5, 2012
$6,955,300
Decathlon Re Harbor Beach LLC
Diamond Senior Living I LLC
Deed Of Trust
related
$81,525,000 · General Electric Capital Corp
Sep 28, 2012
$6,955,300
Decathlon Re Harbor Beach LLC
Diamond Senior Living I LLC
Grant Deed
—
Sep 28, 2012
—
Decathlon Re Snf Keystone
—
Deed Of Trust
related
$81,525,000 · General Electric Capital Corp
Aug 16, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 14, 2002
$3,264,400
Formation Properties I LLC
Beverly Enterprises Florida
Grant Deed
—
—
—
Eclipse Decathlon Re Harbor Bc
—
Loan Modification
related
$285,337 · General Electric Cap Corp
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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