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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Distribution centers
1971 Park Rdb Hallandale, FL 33009-2013
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0286068
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
CONCRETE
Total area
20,010 SF
Lot
0.93 ac (40,651 SF)
Zoning code
M-1
APN
51-42-20-AE-0020
UPID
US19-0286068
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
$4.62M
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$3.93M
Owner & transaction history
Bodyorbit USA LLC · 5 yrs held
Bodyorbit USA LLC
since 2020
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
M-1 · Hallandale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hallandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallandale 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
$4,510,000
ML approach
$4,615,000
CAP Approach
CAP Return
Estimation
6%
$4,370,000
6.5%
$4,035,000
7%
$3,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,205,000
Current use
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±10% · vs last sale $2.80M (Sep 25 2020)
Last sale anchor
$2.80M
Sep 25 2020
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
$196 / 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
$58,103
Tax year 2023
Assessed value
$2,691,540
Assessed 2023
Previous assessed
$2,522,930
+6.7% YoY
Effective rate
2.16%
On assessed value
Assessed land
$269,150
Assessed improvement
$2,422,390
Land market value
$269,150
Improvement market value
$2,422,390
Total market value
$2,691,540
Applied tax rate
613.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
20,010 SF
Lot
0.93 ac (40,651 SF)
Zoning code
M-1
APN
51-42-20-AE-0020
UPID
US19-0286068
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Hallandale, FL
Zoning M-1 · permitted uses
M-1 · Hallandale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hallandale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
WAREHOUSE, STORAGE Current
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
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Bodyorbit USA LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1969 S PARK RDA, HALLANDALE, FL 33009-2013
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
$2,800,000
Bodyorbit USA LLC
Y & M 18 LLC
Warranty Deed
—
Jan 31, 2020
—
Y & M 18 LLC
E Capital Loan Fund LP II
Quit Claim Deed
related
—
Dec 3, 2019
$560,100
Ecapital Loan Fund II LP
Boro Holdings LLC Coc
Trustees Deed
related
—
Sep 24, 2007
$1,900,000
Boro Holdings LLC
Michelle K Koltunovsky
Warranty Deed
$950,000 · Lehman Brothers Bank Fsb
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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