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Property profile & analytics
FOR SALE
Outlet malls
1901 South Federal Hwy Fort Lauderdale, FL 33316
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5234004
For Sale
1 / 17
$4,700,000
1901 South Federal Hwy, Fort Lauderdale, FL 33316
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
CONCRETE
Total area
43,333 SF
Lot
4.34 ac (189,033 SF)
Zoning code
B-1
APN
49-42-25-24-0010
UPID
US18-5234004
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
-
Shipping & Receiving @ Best Buy Courier Service Postal Service
-
International Yacht Signs (Bike/Boat/Book/etc) Store Printing Service
-
Best Buy Home Appliance Store Hardware & Home Improvement
-
Geek Squad Computer & Electronic Repair Tech Support Center
-
Lauderdale Inflatables (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.88M
Comparable Approach
Comparable
$14.48M
Blend (final)
Blend
$16.12M
Owner & transaction history
Rickel,robert Trust · 6 yrs held
Rickel,robert Trust
since 2020
6 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.4M
+36.5%
Office building
$20.5M
+24.8%
Industrial (general)
$20.4M
+23.9%
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%
$12,865,000
6.5%
$11,875,000
7%
$11,025,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,440,000
Current use
COMMERCIAL (GENERAL)
$22,445,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$20,520,000
Change: +25% · Conversion: Easy
INDUSTRIAL (GENERAL)
$20,360,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$20,195,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$16.12M
Range $14.51M – $17.73M · ±10%
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
$372 / 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
$166,688
Tax year 2023
Assessed value
$7,604,200
Assessed 2023
Previous assessed
$7,090,700
+7.2% YoY
Effective rate
2.19%
On assessed value
Assessed land
$2,835,500
Assessed improvement
$4,768,700
Land market value
$2,835,500
Improvement market value
$4,768,700
Total market value
$7,604,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1994
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
43,333 SF
Lot
4.34 ac (189,033 SF)
Zoning code
B-1
APN
49-42-25-24-0010
UPID
US18-5234004
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · 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
RETAIL STORES Current
Est. value
$16.4M
COMMERCIAL (GENERAL)
Est. value
$22.4M
OFFICE BUILDING
Est. value
$20.5M
INDUSTRIAL (GENERAL)
Est. value
$20.4M
MEDICAL BUILDING
Est. value
$20.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1994
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
Rickel,robert Trust
Trust
Mailing address
3889 MAPLE AVE STE #220, DALLAS, TX 75219-3917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
Rickel,robert Trust
Rickel Robert Trust
Correction Deed
related
—
Jul 1, 2019
$100
Rickel,robert Trust
Rickel Robert Trust
Correction Deed
related
—
Jul 1, 2019
$2,236,000
Jjj Trust
Rickel Robert Trust
Warranty Deed
related
—
Jan 9, 2017
—
Spi Of Tsa E Ft Lauderdale LLC
—
Deed
related
$4,500,000 · Goldman-sachs Mtg
—
—
Spi Of Tsa E Fort Lauderdale LLC
—
Deed Of Trust
related
$6,500,000 · Principal Life Insurance Co
—
—
Spi Of Tsa E Ft Lauderdale LLC
—
Deed Of Trust
related
$4,500,000 · Goldman-sachs Mtg
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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