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    Property profile & analytics

    1918 Andrews Ave Fort Lauderdale, FL 33316-2859

    • Warehouses
    • 6,095 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3180290
    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.

    Current Use by Public Records

    • Tip Top Canvas And Upholstery / Furniture & Home Goods

    Property Details for 1918 Andrews Ave

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.37 lot acres
    Property size
    6,095 SF
    Zone code
    SRAC-SAE
    Property type
    Warehouses
    APN
    50-42-15-14-0040
    APU
    504215140040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,685,000
      6.5%
      $1,560,000
      7%
      $1,445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,781,000
      Market price range: $647k - $1.78M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,735,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,865,000
      Change: +5% Conversion: Easy
      MEDICAL BUILDING
      $2,840,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.141
    Latitude
    26.0973
    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
    $44,641
    $325,000
    $2,036,760
    $2,361,760
    -
    $325,000
    $2,036,760
    $2,361,760

    Comparable in this City

    • Value Estimation
      $20,790,000
      81,164 SF

      3403 Mcintosh Rd

      WAREHOUSE, STORAGE • 81,164 SF
      3403 Mcintosh Rd, Fort Lauderdale, FL 33316
      View Details
    • Value Estimation
      $1,530,000
      3,788 SF

      900 Spangler Blvd

      BULK STORAGE, TANKS • 3,788 SF
      900 Spangler Blvd, Fort Lauderdale, FL 33316
      View Details
    • Value Estimation
      $1,255,000
      5,125 SF

      3301 Andrews Ave Ste, Unit 2

      WAREHOUSE, STORAGE • 5,125 SF
      3301 Andrews Ave Ste, Fort Lauderdale, FL 33316-4105
      View Details
    • Value Estimation by Request
      1,518 SF

      3321 Andrews Ave Ste, Unit 29

      WAREHOUSE, STORAGE • 1,518 SF
      3321 Andrews Ave Ste, Fort Lauderdale, FL 33316-4101
      View Details
    • Value Estimation
      $1,015,000
      3,938 SF

      1200 32nd St

      WAREHOUSE, STORAGE • 3,938 SF
      1200 32nd St, Fort Lauderdale, FL 33316
      View Details
    • Value Estimation
      $1,185,000
      5,578 SF

      2416 Andrews Ave

      WAREHOUSE, STORAGE • 5,578 SF
      2416 Andrews Ave, Fort Lauderdale, FL 33316-3962
      View Details

    Similar Nearby for Sale

    • $8,900,000
      40,840 SF

      Fort Lauderdale Manufacturing/Warehouse Facility

      40,840 SF manufacturing/warehouse near major transportation hubs.
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    • $9,800,000
      40,840 SF

      Fort Lauderdale Manufacturing Facility

      ±40,840 SF building, prime location, $9.8M
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    • Contact for pricing

      Downtown Fort Lauderdale Development Lot

      Prime 37,000 SF Development Site
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    • $665,000

      Fort Lauderdale Office Building

      Turnkey Office, Fully Furnished, Prime Location
      314 14Th St, Fort Lauderdale, FL 33316
      View Details
    • Contact for pricing
      8,424 SF

      Fort Lauderdale Office Building

      8,424 SF NNN Lease, High ROI
      3100 6Th Ave, Fort Lauderdale, FL 33316
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    • $2,175,000
      3,500 SF

      Fort Lauderdale Apartment Complex

      Six-unit courtyard apartments, high occupancy.
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      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      14,838 SF

      Fort Lauderdale Warehouse with Showroom

      14,838 SF warehouse with showroom near Downtown Fort Lauderdale.
      900 Ne 13Th St, Fort Lauderdale, FL 33316
      View Details
    • $30 SF/Yr
      75,420 SF

      Fort Lauderdale Retail Center

      Prime Retail/Medical Space, Port Everglades Area
      1799 17Th St, Fort Lauderdale, FL 33316
      View Details
    • $26 SF/Yr
      46,695 SF

      Downtown Fort Lauderdale Office Space

      Prime Fort Lauderdale Office Building, 2,000-12,278 SF
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      View Details
    • $0.03 SF/Yr
      9,915 SF

      Prime Location Office Suites Available

      Office suites for rent in Fort Lauderdale's yachting capital.
      1041 SE 17Th St, Fort Lauderdale, FL 33316
      View Details
    • Contact for pricing
      50,641 SF

      Vacant Parking Land For Lease

      Vacant parking land for lease at the entrance to Fort Lauderdale.
      2800 South Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $26 SF/Yr
      40,200 SF

      Fort Lauderdale Retail Space Available

      Prime retail space in Fort Lauderdale with high traffic exposure.
      1625 Cordova Rd, Fort Lauderdale, FL 33316
      View Details
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    Fort Lauderdale, FL 33316-2859
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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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