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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Medical Office Space
1726 3rd Ave Fort Lauderdale, FL 33316-2514
Entity Owned
~
Est. High Equity
Property ID
US18-3773581
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
CONCRETE
Total area
5,553 SF
Lot
0.36 ac (15,501 SF)
Zoning code
RO
APN
50-42-15-10-2990
UPID
US18-3773581
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
-
Michael Sension Physician
-
Broward House Social Service Agency Charitable Organization
-
CAN Community Health-Sheetal Sharma, M.D. Physician
-
Broward general Student Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.60M
Owner & transaction history
1726 Third LLC
1726 Third LLC
since 2026
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
RO · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.2M
+61.5%
Office building
$2.9M
+12.7%
Commercial (general)
$2.9M
+11.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,180,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$2,915,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,875,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,610,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,490,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.80M (Jan 15 2026)
Last sale anchor
$2.80M
Jan 15 2026
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
$468 / 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
$3,806
Tax year 2023
Assessed value
$1,698,980
Assessed 2023
Previous assessed
$1,515,300
+12.1% YoY
Effective rate
0.22%
On assessed value
Assessed land
$279,020
Assessed improvement
$1,419,960
Land market value
$279,020
Improvement market value
$1,419,960
Total market value
$1,698,980
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,553 SF
Lot
0.36 ac (15,501 SF)
Zoning code
RO
APN
50-42-15-10-2990
UPID
US18-3773581
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RO · Fort Lauderdale, FL
Zoning RO · permitted uses
RO · 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
MEDICAL BUILDING Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
1726 Third LLC
Entity
Mailing address
1726 SE 3RD AVE, FORT LAUDERDALE, FL 33316-2514
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$2,800,000
1726 Third LLC
Broward House INC
Warranty Deed
$2,300,000 · Jpmorgan Chase Bank NA
Jun 8, 1998
$545,000
Broward House INC
Walker Shaw,rita
Grant Deed
$558,600 · Fort Lauderdale City (fl)
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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