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Property profile & analytics
OFF-MARKET
Estimated value
$7,400,000
Drug stores
181 University Dr, Plantation, FL 33324-2015
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0645130
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Construction
CONCRETE
Total area
16,921 SF
Lot
1.75 ac (76,225 SF)
Zoning code
M-PM
APN
50-41-04-09-0010
UPID
US19-0645130
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.49M
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$8.79M
Blend (final)
Blend
$7.40M
Owner & transaction history
Walgreen Co · 3 yrs held
Walgreen Co
since 2023
Last sale
$7.3M
4 recorded transactions
Zoning & alternative use
M-PM · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+36.5%
Industrial (general)
$8.0M
+23.9%
Medical building
$7.9M
+22.8%
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 Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation 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
$7,615,000
ML approach
$7,485,000
CAP Approach
CAP Return
Estimation
6%
$5,025,000
6.5%
$4,635,000
7%
$4,305,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,420,000
Current use
COMMERCIAL (GENERAL)
$8,765,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,950,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,885,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.40M
Range $6.66M – $8.14M · ±10% · vs last sale $7.25M (Feb 16 2023)
Last sale anchor
$7.25M
Feb 16 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
$437 / 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
$104,903
Tax year 2023
Assessed value
$5,106,410
Assessed 2023
Previous assessed
$4,780,160
+6.8% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,143,380
Assessed improvement
$3,963,030
Land market value
$1,143,380
Improvement market value
$3,963,030
Total market value
$5,106,410
Applied tax rate
2,212.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
16,921 SF
Lot
1.75 ac (76,225 SF)
Zoning code
M-PM
APN
50-41-04-09-0010
UPID
US19-0645130
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-PM · Plantation, FL
Zoning M-PM · permitted uses
M-PM · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plantation. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.9M
RETAIL STORES Current
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 3 yrs held
Mailing address
3333 NE 32ND AVE #1401, FORT LAUDERDALE, FL 33308-7120
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
Walgreen Co
590 East Roosevelt Road LLC
Lease
—
Feb 16, 2023
$7,251,000
590 East Roosevelt Road LLC
Walgreen Co
Special Warranty Deed
$750,000 · American National Bank & Trust
Mar 23, 2005
$2,903,300
Walgreen Co
Iguana Mia Of Plantation INC
Warranty Deed
—
Nov 28, 2001
$2,193,420
Iguana Mia Plantation INC
Handley,norris & Joan D
Grant Deed
$1,825,000 · Bob Evans Farms INC
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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