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    1855 Griffin Rd Dania Beach, FL 33004
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    1855 Griffin Rd Dania Beach, FL 33004

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    • Office buildings
    • 224,593 SF
    • 18.62 lot acres
    For Lease
    $30 SF/Yr
    View Listing →
    Class A Office Complex For Lease
    $30 SF/Yr
    351,742 SF

    Class A Office Complex

    Strategically located Class A office complex in South Florida.

    1855 Griffin Road, Dania Beach, FL 33004
    View Listing
    Property ID
    US18-2167613
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chiquita / Employment Agency
    • Journey Advertising / Marketing & Advertising / Advertising Agency
    • Scenic Las Vegas Weddings / Wedding Service / Event Planning
    • DEDON - FLORIDA / Furniture & Home Goods / Home Decor Store
    • Venue 808 / Hotel & Motel / Resort

    Property Details for 1855 Griffin Rd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    18.62 lot acres
    Property size
    224,593 SF
    Zone code
    C-4
    Property type
    Office buildings
    APN
    50-42-33-38-0020
    APU
    504233380020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1612
    Latitude
    26.0575
    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
    $497,309
    $4,686,390
    $17,355,400
    $22,041,790
    -
    $4,686,390
    $17,355,400
    $22,041,790

    Comparable in this City

    • Value Estimation
      $1,265,000
      3,776 SF

      499 Sheridan St, Unit 1

      OFFICE BUILDING (MULTI-STORY) • 3,776 SF
      499 Sheridan St, Dania Beach, FL 33004-4666
      View Details
    • Value Estimation
      $6,935,000
      24,121 SF

      601 Federal Hwy

      OFFICE BUILDING (MULTI-STORY) • 24,121 SF
      601 Federal Hwy, Dania Beach, FL 33004-4109
      View Details
    • Value Estimation by Request
      1,178 SF

      130 Park E Ave

      OFFICE BUILDING • 1,178 SF
      130 Park E Ave, Dania Beach, FL 33004-3599
      View Details
    • Value Estimation by Request
      760 SF

      112 1st Ave

      OFFICE BUILDING • 760 SF
      112 1st Ave, Dania Beach, FL 33004-2845
      View Details
    • Value Estimation
      $970,000
      2,867 SF

      706 Federal Hwy

      OFFICE BUILDING • 2,867 SF
      706 Federal Hwy, Dania Beach, FL 33004-4381
      View Details
    • Value Estimation by Request
      900 SF

      34 1st Ave

      OFFICE BUILDING • 900 SF
      34 1st Ave, Dania Beach, FL 33004-2846
      View Details

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      Versatile Land with Existing Triplex

      19,974 SF land with 2,664 SF triplex for sale.
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      33,105 SF

      Redevelopment Opportunity Near Dania Pointe

      Mixed-use property suitable for redevelopment with high traffic exposure.
      140 South Federal Hwy, Dania Beach, FL 33004
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    Similar Nearby for Lease

    • $30 SF/Yr
      351,742 SF

      Class A Office Complex

      Strategically located Class A office complex in South Florida.
      1855 Griffin Rd, Dania Beach, FL 33004
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 900 to 1,160 SqFt.
      1200 S Federal Hwy, Dania Beach, FL 33004
      View Details
    • Contact for pricing
      3,600 SF

      Art Deco Building in Dania

      Freestanding Art Deco building suitable for offices or retail.
      49 N Federal Hwy, Dania, FL 33004
      View Details
    • $3,400 /Mo

      Dania Beach Class A Office

      Class A office space available in Dania Beach, Florida.
      45 E Sheridan St, Dania Beach, FL 33004
      View Details
    • $3,500 /Mo

      Dania Beach Office/Warehouse Suite

      1,149 SF office/warehouse suite in Dania Beach, Florida.
      24 NE 1St Ave, Dania Beach, FL 33004
      View Details
    View Listing
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    Dania Beach, FL 33004
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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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