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Property profile & analytics
OFF-MARKET
Estimated value
$13,930,000
Warehouses
2048 State Rd 7th 7, North Lauderdale, FL 33068-4614
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-1453790
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
96,697 SF
Lot
2.35 ac (102,410 SF)
Zoning code
M-1
APN
49-42-07-09-0011
UPID
US18-1453790
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
by Request
CAP Approach
CAP
$14.10M
Comparable Approach
Comparable
$18.71M
Blend (final)
Blend
$13.93M
Owner & transaction history
Extra Space Properties Two LLC · 9 yrs held
Extra Space Properties Two LLC
since 2017
4 recorded transactions
Zoning & alternative use
M-1 · North 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 North Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$15,270,000
6.5%
$14,095,000
7%
$13,090,000
Blend value · Realmo final
$13.93M
Range $12.54M – $15.32M · ±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
$144 / 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
$236,328
Tax year 2023
Assessed value
$9,920,970
Assessed 2023
Previous assessed
$9,904,920
+0.2% YoY
Effective rate
2.38%
On assessed value
Assessed land
$716,870
Assessed improvement
$9,204,100
Land market value
$716,870
Improvement market value
$9,204,100
Total market value
$9,920,970
Applied tax rate
2,912.0000
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
96,697 SF
Lot
2.35 ac (102,410 SF)
Zoning code
M-1
APN
49-42-07-09-0011
UPID
US18-1453790
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-1 · North Lauderdale, FL
Zoning M-1 · permitted uses
M-1 · North Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Lauderdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2017
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
Jun 27, 2017
—
Extra Space Properties Two LLC
Extra Space Props Seventy Seve
Quit Claim Deed
related
—
Jul 2, 2012
—
Extra Space Properties Seventy
Extra Space Propertes Thirty T
Quit Claim Deed
$50,000 · Pnc Bank
Apr 27, 2009
—
Space Props Thirty Three Extra
Extra Space Props Three LLC
Quit Claim Deed
—
Aug 17, 2000
$4,436,800
Space Properties Three Extra
Wxi/mcn Commercial Real Estate
Grant Deed
—
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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