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    Property profile & analytics

    2048 State Rd 7th 7 North Lauderdale, FL 33068-4614

    • Warehouses
    • 96,697 SF
    • 2.35 lot acres
    OFF-MARKET
    Value Estimations
    $13,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1453790
    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

    • Warehouses

    Property Details for 2048 State Rd 7th 7

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    2.35 lot acres
    Property size
    96,697 SF
    Zone code
    M-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-42-07-09-0011
    APU
    494207090011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,270,000
      6.5%
      $14,095,000
      7%
      $13,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,712,000
      Market price range: $18.5M - $47.9M
      AI Estimate
      $8,985,000
      Market price range: $5.91M - $25.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    North Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.2028
    Latitude
    26.2027
    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
    $236,328
    $716,870
    $9,204,100
    $9,920,970
    -
    $716,870
    $9,204,100
    $9,920,970

    Comparable in this City

    • Value Estimation
      $7,645,000
      51,180 SF

      7550 Mcnab Rd

      MINI-WAREHOUSE, STORAGE • 51,180 SF
      7550 Mcnab Rd, North Lauderdale, FL 33068-5414
      View Details
    • Value Estimation
      $12,415,000
      97,380 SF

      8500 Mcnab Rd

      MINI-WAREHOUSE, STORAGE • 97,380 SF
      8500 Mcnab Rd, North Lauderdale, FL 33068-4167
      View Details
    • Value Estimation
      $18,770,000
      69,800 SF

      750 State Rd 7th, Unit 780

      MINI-WAREHOUSE, STORAGE • 69,800 SF
      750 State Rd 7th, Margate, FL 33068-2815
      View Details
    • Value Estimation by Request
      3,080 SF

      6100 Blvd Of Champions

      MINI-WAREHOUSE, STORAGE • 3,080 SF
      6100 Blvd Of Champions, North Lauderdale, FL 33068-3902
      View Details
    • Value Estimation
      $9,480,000
      72,644 SF

      7400 Mcnab Rd

      MINI-WAREHOUSE, STORAGE • 72,644 SF
      7400 Mcnab Rd, North Lauderdale, FL 33068-5463
      View Details
    • Value Estimation
      $2,355,000
      18,202 SF

      7400 Mcnab Rd

      MINI-WAREHOUSE, STORAGE • 18,202 SF
      7400 Mcnab Rd, North Lauderdale, FL 33068-5463
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Lauderdale Commercial Land Available

      Commercial land for sale in North Lauderdale, Florida.
      Tam Oshanter Blvd, North Lauderdale, FL 33068
      View Details
    • $1,190,000

      Well-Maintained Office Building For Sale

      Free-standing office building with flexible layout and recent upgrades.
      6090 Boulevard Of Champions, North Lauderdale, FL 33068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Coral Springs

      Grocery-anchored retail center with national retailers and high traffic.
      NW 62Nd Ave, Coral Springs, FL 33068
      View Details
    • Contact for pricing
      6,644 SF

      Retail Space in North Lauderdale

      Retail space available in a busy North Lauderdale shopping center.
      7296-7346 W Mcnab Rd, North Lauderdale, FL 33068
      View Details
    • $10,000 /Mo
      60,139 SF

      North Lauderdale Auto Dealer Lot

      High-traffic lot ideal for auto sales or inventory overflow.
      1750 S State Rd 7, North Lauderdale, FL 33068
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space Near State Road

      Retail space with ample parking and excellent exposure.
      6011-6039 Kimberly Blvd, North Lauderdale, FL 33068
      View Details
    • $22 SF/Yr
      2,800 SF

      Retail Space Near Florida Turnpike

      Retail property with high visibility and easy highway access.
      8016-8086 W Mcnab Rd, North Lauderdale, FL 33068
      View Details
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    North Lauderdale, FL 33068-4614
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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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