Property profile

16600 State Rd 84 Weston, FL 33326

OFF-MARKET
Warehouses
Property ID
US18-1764928
1,250 SF 1 ac lot Built 1970
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1-acre (43,609 sq ft) commercial land parcel presents a unique development opportunity in Weston, Florida. Located at 16600 W State Rd 84, Weston, FL 33326, the property is zoned Community Facilities (CF) with an Irregular Residential 5 land use designation. Access is available from both the north and south sides of the parcel, as indicated in the surveyor's sketch. Given the affluent and largely residential nature of Weston, and the existing high demand and limited supply of senior care facilities (with only one currently operating at or near maximum capacity), this site is ideally suited for a nursing home, assisted living facility, or convalescent home. However, the CF zoning allows for a variety of other uses, including museums, libraries, civic centers, non-municipal governmental facilities, public works, recreational facilities, and places of public assembly, as detailed in code section 124.18(B). This prime location offers significant potential for developers seeking to capitalize on the area's strong market and unmet needs within the community facilities sector. The property's strategic location and versatile zoning make it an attractive investment with considerable upside potential. Detailed zoning information is available upon request.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction CONCRETE
Total area 1,250 SF
Lot 1 ac (43,609 SF)
Zoning code CF
APN 50-40-05-02-1155
UPID US18-1764928

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16600 State Rd 84 Weston, FL 33326
Weston metro Census 70328 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2014
2 recorded transactions
2014
$3.6M
2002
$10.5M

Zoning & alternative use

CF · Weston, FL
Zoning description

Community Facilities (CF) District 124.19 Golf Course District (GC) 124.20 Municipal Use (MU) 124.21 Planned Development District (PDD) 124.22 Planned Employment Center District (PECD) 124.23 Agricultural/Estate District…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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