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    1814 Nw 38Th Ave Lauderhill, FL 33311

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    1814 Nw 38Th Ave Lauderhill, FL 33311

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    • Warehouses
    • 27,374 SF
    • 1.53 lot acres
    For Lease
    $1,562/Mo
    View Listing →
    Warehouse Storage Space For Rent For Lease
    $1,562/Mo
    750 SF

    Warehouse Storage Space For Rent

    750 SF warehouse with tall ceilings and grade-level doors.

    1814 Nw 38th Ave, Lauderhill, FL 33311
    View Listing
    Property ID
    US18-3967027
    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.
    Value Estimations
    $5,975,000
    Cap Rate Potential
    5.6%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1814 Nw 38Th Ave

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    1.53 lot acres
    Property size
    27,374 SF
    Zone code
    CW
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-31-25-0021
    APU
    494231250021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,775,000
      ML approach
      $6,170,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,405,000
      6.5%
      $4,990,000
      7%
      $4,630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,454,000
      Market price range: $4.85M - $9.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,355,000
      Current use
      COMMERCIAL (GENERAL)
      $7,330,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $6,880,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.1993
    Latitude
    26.1488
    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
    $55,765
    $468,040
    $3,382,480
    $3,850,520
    -
    $468,040
    $3,382,480
    $3,850,520

    Comparable in this City

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      $9,530,000
      83,590 SF

      3849 19th St, Unit 3923

      MINI-WAREHOUSE, STORAGE • 83,590 SF
      3849 19th St, Lauderdale Lakes, FL 33311-4123
      View Details
    • Value Estimation
      $3,590,000
      20,406 SF

      770 Sunrise Blvd

      MINI-WAREHOUSE, STORAGE • 20,406 SF
      770 Sunrise Blvd, Fort Lauderdale, FL 33311-7200
      View Details
    • Value Estimation
      $975,000
      5,385 SF

      800 10th Ter, Unit 802

      MINI-WAREHOUSE, STORAGE • 5,385 SF
      800 10th Ter, Fort Lauderdale, FL 33311-7118
      View Details
    • Value Estimation by Request
      1,263 SF

      430 27th Ave

      MINI-WAREHOUSE, STORAGE • 1,263 SF
      430 27th Ave, Fort Lauderdale, FL 33311-8600
      View Details
    • Value Estimation
      $6,500,000
      35,239 SF

      3435 19th St, Unit 3699

      MINI-WAREHOUSE, STORAGE • 35,239 SF
      3435 19th St, Lauderdale Lakes, FL 33311-4224
      View Details
    • Value Estimation
      $2,645,000
      21,188 SF

      1560 23rd Ave, Unit 1574

      MINI-WAREHOUSE, STORAGE • 21,188 SF
      1560 23rd Ave, Fort Lauderdale, FL 33311-5149
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,976 SF

      Renovated Flex Building in Fort Lauderdale

      8,976 SF renovated building near I-95 and Downtown.
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      3,659 SF

      Income-Producing Industrial Property For Sale

      Small bay industrial property with three tenants near I-95.
      2646 Northwest 4Th St, Fort Lauderdale, FL 33311
      View Details
    • $970,000
      3,659 SF

      Income Producing Small Bay Industrial

      Small bay industrial property with three tenants in Fort Lauderdale.
      2600-2650 NW 4Th St, Fort Lauderdale, FL 33311
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    • $2,699,000

      Fort Lauderdale Warehouse For Sale

      9,500 SF warehouse in desirable Fort Lauderdale industrial pocket.
      705 NW 8Th Ave, Fort Lauderdale, FL 33311
      View Details
    • $4,999,999

      Lauderhill Warehouse on Large Lot

      Large warehouse with a 51,000 SF lot in Lauderhill.
      1612 NW 38Th Ave, Fort Lauderdale, FL 33311
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Functional Industrial Flex Space

      1,023 SF flex space with secure yard and amenities.
      2325 NW 30Th St, Oakland Park, FL 33311
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    • Contact for pricing
      3,850 SF

      Renovated Multi-Tenant Industrial Building

      Four-building light industrial complex with ample parking and video monitoring.
      Ne 2Nd Ave, Oakland Park, FL 33311
      View Details
    • Contact for pricing
      31,209 SF

      Warehouse and Office Space Available

      Warehouse and office space for rent near Florida's Turnpike.
      5535 Nw 35Th Ave, Fort Lauderdale, FL 33311
      View Details
    • Contact for pricing
      3,200 SF

      Renovated Warehouse with Office Space

      Newly renovated warehouse with air-conditioned office in Fort Lauderdale.
      2754-2766 NW 29Th Ter, Lauderdale Lakes, FL 33311
      View Details
    • Contact for pricing

      Lauderdale Lakes Industrial Park

      Multi-tenant industrial park in central Broward County with excellent access.
      3435-3699 NW 19Th St, Lauderdale Lakes, FL 33311
      View Details
    View Listing
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    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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