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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1635 Broward Blvd Fort Lauderdale, FL 33301

    • Residential income homes
    • 6,060 SF
    • 6,000.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6114727
    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

    • Residential income homes

    Property Details for 1635 Broward Blvd

    Year built
    2024
    Lot size
    6,000.00 lot acres
    Property size
    6,060 SF
    Property type
    Residential income homes

    Description

    This exceptional new construction multifamily property, located at 1635 E Broward Blvd in Fort Lauderdale, Florida (33301), presents a unique investment opportunity. The property consists of two separate three-story residences, each boasting three bedrooms and two and a half bathrooms. With a total of 6,060 square feet of net rentable space across both units, the property offers a compelling price per square foot of $717.82. Built in 2024, this property sits on a substantial 6,000-acre lot. Each unit features a private elevator, providing convenient access to all three floors. Luxury amenities include a private rooftop with a plunge pool and two covered garages. The residences are situated just blocks from Las Olas Boulevard, downtown Fort Lauderdale, and the beautiful beaches, offering residents unparalleled access to vibrant city life and recreational opportunities. The exceptional layout and design create a sophisticated and comfortable living experience. This is a turnkey opportunity for investors seeking a high-end multifamily property in a prime location. The asking price for this exceptional property is $4,350,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1258307
    Latitude
    26.1229369

    Comparable in this City

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      Fort Lauderdale Multifamily Investment Opportunity

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      Renovated Waterfront Condo with Dock

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    Similar Nearby for Sale

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      Renovated Waterfront Condo with Dock

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      180 Isle Of Venice Dr, Fort Lauderdale, FL 33301
      View Details
    • $1,249,900
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      Victoria Park 5-Plex Investment

      Well-maintained 5-unit property in Fort Lauderdale's Victoria Park.
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    • $4,600,000
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      Waterfront Apartments with Dock Slips

      Six-unit apartment building with five deep water dock slips.
      37 Hendricks Isle, Fort Lauderdale, FL 33301
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    • $429,000

      Las Olas Waterfront Condo

      Waterfront condo with panoramic views in Fort Lauderdale.
      1750 E Las Olas Blvd, Fort Lauderdale, FL 33301
      View Details
    • New
      $3,550,000
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      Fort Lauderdale Multifamily Investment Opportunity

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    • $1,250,000

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    Similar Nearby for Lease

    • $1,500 /Mo

      Apartment For Rent

      Apartment available for rent in building under construction.
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    • $2,350 /Mo

      Apartments Near Fort Lauderdale Beach

      Apartment community located near shops, dining, and the coastline.
      313 Hendricks Isle 3, Fort Lauderdale, FL 33301
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    • $3,250 /Mo

      Renovated Apartment Near Las Olas

      Recently renovated 2 bed, 2 bath apartment in Victoria Park.
      301 NE 15Th Ave, Fort Lauderdale, FL 33301
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    • $1,900 /Mo

      Updated Corner Unit Near Las Olas

      One bedroom, one bathroom corner unit near Las Olas Blvd.
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      Victoria Park Apartment For Rent

      Charming 1BR apartment in prime Fort Lauderdale location.
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    • $2,249 /Mo

      Fort Lauderdale Multifamily Rental

      Multifamily property available for rent in Fort Lauderdale, Florida.
      1109 E Broward Blvd, Fort Lauderdale, FL 33301
      View Details
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    Fort Lauderdale, FL 33301
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    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
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