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Property profile & analytics
OFF-MARKET
Estimated value
$21,045,000
Grocery and convenience stores
2000 Federal Hwy 2200 Fort Lauderdale, FL 33305-2530
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-3113841
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Construction
CONCRETE
Total area
37,604 SF
Lot
3.54 ac (154,346 SF)
Zoning code
B-1
APN
49-42-25-21-0022
UPID
US18-3113841
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
-
No Boundaries Sport (Bike/Boat/Book/etc) Store
-
Renegade Technology Group-ATM Atm
-
Genji Restaurant
-
Utrecht Art Supplies (Bike/Boat/Book/etc) Store
-
Whole Foods Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.35M
Blend (final)
Blend
$21.05M
Owner & transaction history
Rickel,robert Trust · 6 yrs held
Rickel,robert Trust
since 2020
3 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.1M
+125.1%
Auto repair, garage
$30.5M
+113.6%
Neighborhood: shopping center
$28.3M
+98.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,265,000
Current use
RESTAURANT
$32,115,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$30,475,000
Change: +114% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,295,000
Change: +98% · Conversion: Moderate
COMMERCIAL (GENERAL)
$19,480,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$17,805,000
Change: +25% · Conversion: Easy
INDUSTRIAL (GENERAL)
$17,670,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$17,525,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$21.05M
Range $18.94M – $23.15M · ±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
$560 / 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
$214,111
Tax year 2023
Assessed value
$10,686,450
Assessed 2023
Previous assessed
$10,686,450
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$3,858,650
Assessed improvement
$6,827,800
Land market value
$3,858,650
Improvement market value
$6,827,800
Total market value
$10,686,450
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
37,604 SF
Lot
3.54 ac (154,346 SF)
Zoning code
B-1
APN
49-42-25-21-0022
UPID
US18-3113841
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
$14.3M
RESTAURANT
Est. value
$32.1M
AUTO REPAIR, GARAGE
Est. value
$30.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.3M
COMMERCIAL (GENERAL)
Est. value
$19.5M
OFFICE BUILDING
Est. value
$17.8M
INDUSTRIAL (GENERAL)
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$17.5M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.54 ac
Current owner
From public records · entity-resolved
Rickel,robert Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 528, COLUMBIA, SC 29202-0528
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
3 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
$2,846,000
Rickel,robert Trust
Jjj Trust
Warranty Deed
—
Jul 1, 2019
$100
Rickel,robert Trust
Rickel Robert Trust
Correction Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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