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    Property profile & analytics

    1718-1728 38th Ave Lauderhill, FL 33311

    • Auto shops
    • 8,958 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2021
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2631687
    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

    • Auto shops

    Property Details for 1718-1728 38th Ave

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.58 lot acres
    Property size
    8,958 SF
    Zone code
    CW
    Property type
    Auto shops
    APN
    49-42-31-25-0050
    APU
    494231250050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,060,000
      Market price range: $1.06M - $3.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.1993
    Latitude
    26.1471
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,202
    $176,040
    $820,420
    $996,460
    -
    $176,040
    $820,420
    $996,460

    Comparable in this City

    • Value Estimation
      $1,610,000
      20,427 SF

      1250 Sunrise Blvd, Unit 1260

      AUTO REPAIR, GARAGE • 20,427 SF
      1250 Sunrise Blvd, Fort Lauderdale, FL 33311-7037
      View Details
    • Value Estimation
      $1,905,000
      13,420 SF

      840 Andrews Ave

      AUTO REPAIR, GARAGE • 13,420 SF
      840 Andrews Ave, Fort Lauderdale, FL 33311-7439
      View Details
    • Value Estimation by Request
      1,600 SF

      2868 Sunrise Blvd

      AUTO REPAIR, GARAGE • 1,600 SF
      2868 Sunrise Blvd, Fort Lauderdale, FL 33311-5600
      View Details
    • Value Estimation by Request
      1,500 SF

      2716 Sunrise Blvd

      AUTO REPAIR, GARAGE • 1,500 SF
      2716 Sunrise Blvd, Fort Lauderdale, FL 33311-5734
      View Details
    • Value Estimation by Request
      3,920 SF

      837 Andrews Ave

      AUTO REPAIR, GARAGE • 3,920 SF
      837 Andrews Ave, Fort Lauderdale, FL 33311-7455
      View Details
    • Value Estimation by Request
      4,063 SF

      2425 Andrews Ave

      AUTO REPAIR, GARAGE • 4,063 SF
      2425 Andrews Ave, Wilton Manors, FL 33311-3916
      View Details

    Similar Nearby for Sale

    • $4,475,000
      4,000 SF

      Prime Auto Dealership Location

      4,000 SF retail property in Oakland Park's auto dealership area.
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    • $675,000
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      Prime Fort Lauderdale Retail Space

      Vacant B3-zoned building, high traffic area.
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    • $6,500,000
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      Fort Lauderdale Industrial Property

      High-traffic Auto Shop & Warehouse
      1260 Sunrise Blvd, Fort Lauderdale, FL 33311
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    • $1,600,000

      Fort Lauderdale Industrial Automotive Property

      Commercial property with automotive business in Fort Lauderdale, Florida.
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    • Contact for pricing

      Lauderhill Site for Parking/IOS

      Located in Central Broward, ideal for parking or IOS.
      3760 NW 15Th St, Lauderhill, FL 33311
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    • $2,950,000

      Oakland Park Boulevard Dealership Site

      High-visibility location ideal for used car dealership with ample display.
      2990 West Oakland Park Blvd, Fort Lauderdale, FL 33311
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    Similar Nearby for Lease

    • $1,800 /Mo

      Office Space and Secured Lot

      Office space and secured fenced lot available for rent.
      2401 NW 19Th St, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing
      400 SF

      Oakland Park Automotive Ready Lot

      Furnished office and vehicle display lot ready for operation.
      3000 W Oakland Park Blvd, Fort Lauderdale, FL 33311
      View Details
    • $110 SF/Yr
      10,000 SF

      Downtown Fort Lauderdale Auto Lot

      10,000 SF Auto Sales Lot - High Traffic
      790 1St St, Fort Lauderdale, FL 33311
      View Details
    • $1,800 /Mo

      Office Space and Secured Lot

      Office space and secured lot available for rent.
      2401 Nw 19Th St, Fort Lauderdale, FL 33311
      View Details
    • $2,995 /Mo

      Remodeled Home on Commercial Lot

      Remodeled home on a commercially zoned, fenced 9000 sqft lot.
      2009 NW 21St Ave, Fort Lauderdale, FL 33311
      View Details
    • $2,400 /Mo
      Pending

      Oakland Park Retail Space Available

      Retail space available in high-traffic Oakland Park location.
      563 W Oakland Park Blvd, Oakland Park, FL 33311
      View Details
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    1718-1728 38th Ave
    Lauderhill, FL 33311
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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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