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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Industrial land
2050 62nd St, Fort Lauderdale, FL 33309-1812
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-9765043
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1971
Construction
STEEL FRAME
Total area
13,189 SF
Lot
2.2 ac (95,909 SF)
Zoning code
GAA
APN
49-42-09-00-0151
UPID
US18-9765043
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
$2.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
University Hospital Ltd
University Hospital Ltd
since 2026
7 recorded transactions
Zoning & alternative use
GAA · 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%
$3,175,000
6.5%
$2,930,000
7%
$2,720,000
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$198 / 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
$27,242
Tax year 2023
Assessed value
$1,534,540
Assessed 2023
Previous assessed
$863,180
+77.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,534,540
Land market value
$1,534,540
Total market value
$1,534,540
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
13,189 SF
Lot
2.2 ac (95,909 SF)
Zoning code
GAA
APN
49-42-09-00-0151
UPID
US18-9765043
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
GAA · Fort Lauderdale, FL
Zoning GAA · permitted uses
GAA · 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
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
University Hospital Ltd
Individual
Mailing address
5302 NW 21ST TER #2, FORT LAUDERDALE, FL 33309-2721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 7, 2026
$3,900,000
University Hospital Ltd
West Cypress Creek Holdings LLC
Special Warranty Deed
—
May 17, 2018
—
Cypress Creek Holdings LLC
Saavedra,damaso W
Quit Claim Deed
related
—
Dec 7, 2017
—
West Cypress Creek Holdings Ll
Saavedra,damaso W
Quit Claim Deed
related
—
Nov 30, 2017
—
Cypress Creek Settlement La Trust
Aero Toy Store LLC Coc
Trustees Deed
related
—
Jun 28, 2002
$12,039,600
Bankatlantic Fsb
Ft Lauderdale Telcom Ctr LLC
Grant Deed
related
—
Dec 27, 1996
$8,000,000
Free Trade Ltd
Allied Signal INC
Warranty Deed
related
$6,478,000 · Suntrust Bk/s Fl
—
—
Free Trade Ltd
—
Deed Of Trust
related
$8,000,000 · General Electric Capital Corp
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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