Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,020,000
Retail space
1823-1853 38th Ave Lauderhill, FL 33311
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-1008449
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
CONCRETE
Total area
32,480 SF
Lot
1.88 ac (82,074 SF)
Zoning code
CW
APN
49-42-31-25-0025
UPID
US18-1008449
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
$12.02M
CAP Approach
CAP
$8.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.02M
Owner & transaction history
Nw 38th Ave Lauderhill Fl LLC
Nw 38th Ave Lauderhill Fl LLC
since 2025
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
CW · Lauderhill, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
welling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (CG). 4. Commercial, Warehouse (CW). 5. Commercial, Office (CO). 6. Commercial, Recreation (CR). C. Industrial zoning district. 1. Industrial, Light (IL). D. Transportation…
Zone name
Commercial Warehouse
General category
INDUSTRIAL
Zone area
26.69 ac
Source
land development regulations
Top alternative use upside
Industrial (general)
$15.3M
+87.0%
Medical building
$15.1M
+85.4%
Commercial (general)
$8.7M
+6.5%
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 Lauderhill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lauderhill 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
$12,020,000
ML approach
$12,020,000
CAP Approach
CAP Return
Estimation
6%
$9,645,000
6.5%
$8,900,000
7%
$8,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,160,000
Current use
INDUSTRIAL (GENERAL)
$15,260,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$15,135,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,695,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$8,100,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$12.02M
Range $10.82M – $13.22M · ±10% · vs last sale $12.02M (Nov 20 2024)
Last sale anchor
$12.02M
Nov 20 2024
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
$370 / 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
$80,127
Tax year 2023
Assessed value
$2,607,020
Assessed 2023
Previous assessed
$2,299,110
+13.4% YoY
Effective rate
3.07%
On assessed value
Assessed land
$574,520
Assessed improvement
$2,032,500
Land market value
$574,520
Improvement market value
$2,032,500
Total market value
$2,607,020
Applied tax rate
1,912.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
32,480 SF
Lot
1.88 ac (82,074 SF)
Zoning code
CW
APN
49-42-31-25-0025
UPID
US18-1008449
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CW · Lauderhill, FLZoning CW · permitted uses
CW · Lauderhill, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
welling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (CG). 4. Commercial, Warehouse (CW). 5. Commercial, Office (CO). 6. Commercial, Recreation (CR). C. Industrial zoning district. 1. Industrial, Light (IL). D. Transportation and Utility zoning districts. 1. Transportation Facility (TF). 2. Utility Facilit
Zone name
Commercial Warehouse
General category
INDUSTRIAL
Zone area
26.69 ac
Source
land development regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$15.1M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.1M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Nw 38th Ave Lauderhill Fl LLC
Entity
Mailing address
7820 PETERS RD STE E104, PLANTATION, FL 33324-4019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$19,250,000
Nw 38th Ave Lauderhill Fl LLC
Israel Family 38th Ave Warehouses L
Special Warranty Deed
—
Nov 25, 2025
—
Nw 38th Ave Lauderhill Fl LLC
Israel Family 38th Ave Warehouses L
Quitclaim Deed
related
—
Dec 23, 2024
—
Israel Family 38th Ave Warehouses L
—
Deed
related
$10,000,000 · Wells Fargo Bank NA
Nov 20, 2024
$12,020,000
Israel Family 38th Ave Warehouses L
38th Ave Warehouses LLC
Special Warranty Deed
—
Jul 31, 2012
—
El-snpr Lincoln Holdings LLC
Cooperman,steven J Coc
Trustees Deed
related
—
Nov 21, 2002
$1,180,600
Cooperman,steven J Tr
Meldung Holdings 613 INC
Grant Deed
—
—
—
38th Ave Warehouses LLC
—
Deed Of Trust
related
$2,500,000 · Lauderhill Investments LLC
—
—
Cooperman Steven J Tr
—
Deed Of Trust
related
$3,300,000 · J P Morgan Chase Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1823-1853 38th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
