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Property profile & analytics
OFF-MARKET
Estimated value
$16,850,000
Warehouses
2021 Griffin Rd Fort Lauderdale, FL 33312-5912
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3639130
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
116,515 SF
Lot
3.52 ac (153,313 SF)
Zoning code
C-4
APN
50-42-28-15-0010
UPID
US18-3639130
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
-
Luggage Express USA Storage Facility
-
Storage photorumba Housing Society
-
Best Rest USA Furniture & Home Goods
-
StorageMart Storage Facility
-
COPYCORP OF FL Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.23M
Comparable Approach
Comparable
$12.77M
Blend (final)
Blend
$16.85M
Owner & transaction history
Tkg-storagemart Partners Portf · 11 yrs held
Tkg-storagemart Partners Portf
since 2015
7 recorded transactions
Zoning & alternative use
C-4 · Fort Lauderdale, 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 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%
$23,000,000
6.5%
$21,230,000
7%
$19,715,000
Blend value · Realmo final
$16.85M
Range $15.17M – $18.54M · ±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
$145 / 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
$284,465
Tax year 2023
Assessed value
$13,894,960
Assessed 2023
Previous assessed
$12,945,720
+7.3% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,379,820
Assessed improvement
$12,515,140
Land market value
$1,379,820
Improvement market value
$12,515,140
Total market value
$13,894,960
Applied tax rate
413.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
116,515 SF
Lot
3.52 ac (153,313 SF)
Zoning code
C-4
APN
50-42-28-15-0010
UPID
US18-3639130
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-4 · Fort Lauderdale, FL
Zoning C-4 · permitted uses
C-4 · 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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
3.52 ac
Current owner
From public records · entity-resolved
Tkg-storagemart Partners Portf
Entity
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
—
Citi R & E Fndg INC
—
Deed
related
$644,100,000 · Wilmington Tr #2019-smrt (ce)
Apr 2, 2015
—
Tkg-storagemart Partners Portf
Wsmp-mw-east LP
Trustees Deed
related
$412,500,000 · Citigroup Global Markets Rlty
—
—
Msmp-mw-east LP
—
Loan Modification
related
$173,725,158 · Wells Fargo Bk
—
—
Wmsp-mw-east LP
—
Deed Of Trust
related
$143,500,000 · Wells Fargo Bank
—
—
Citi R & E Fndg INC
—
Loan Modification
related
$644,100,000 · Wilmington Tr #2019-smrt (ce)
—
—
Wsmp-mw-east
—
Deed Of Trust
related
$8,840,000 · Lehman Brothers Bank
—
—
Msmp-mw-east LP
—
Loan Modification
related
$175,000,000 · Wells Fargo Bank
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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